History of Paper Money - IV: Lay Down the Law - Extra History
Added 2016-10-21 09:00:59 +0000 UTCMeet John Law. His name... doesn't exactly fit.
Comments
I don't think so. John Law was active in the 1710's, there were plenty of time, opportunities and actual attempts to fix the state before things became irreversible. I'd say the actions of Jacques Necker was the real turning point: Encouraging Louis XVI to help the American Revolution and then concealing the scale of the debts incurred with the Compte du Rendu in 1781, which made the reforms sought by Controller-General Calonne in 1786 politically unfeasible.
RMS Oceanic
2016-10-25 12:10:44 +0000 UTCHey I remember once reading that John Law's experiment in France may have been both the last chance for the French Monarchy to fix itself before the revolution and the thing that made the revolution inevitable. Is that true or am I just mad?
Abel Savard
2016-10-22 22:39:35 +0000 UTCI want those wood batteries to happen and to be recyclable. :*( Please, Glorious SciFi Future, save me from the mess that is "safely" disposing of used batteries! ...And give me Star Trek.
Extra History
2016-10-22 07:49:27 +0000 UTCLaw did seem to have been more interested in pursuing the theory (and making it work) whereas Blunt was, IMO, more interested in taking advantage of the theory (and making himself rich). They both saw profit in it for themselves, though, make no mistake.
Extra History
2016-10-22 07:46:16 +0000 UTCShould've been John Law(less).
Extra History
2016-10-22 07:32:17 +0000 UTCNope, this is a full 6 episode series! Two more to go.
Extra History
2016-10-22 07:32:04 +0000 UTCWe also got better at using less/cheaper materials to make the components. Batteries might be taking a dip in price in the next decade. There is a company that is in the testing phase of a mostly salt based battery that can out perform Lithium Ion, is cheaper to make, and is lighter. Even stranger SciFi type stuff. There is a prototype processor made of wood. (Well wood adjacent) The idea is to use them in devices that are only on the market for a year or two like cell phones.
Laura Galm
2016-10-22 02:01:28 +0000 UTCso we are geting 5 eps waht will be the one off
schuyler
2016-10-21 17:24:26 +0000 UTC"I am...the (John) Law!"
Michael Jebbett
2016-10-21 16:51:13 +0000 UTCCoincidence. The coinage metals malleability and fungibility matter for using it as a reserve, but ductility is key for making wires, and their conductivity to electrons makes them useful in the electronic market.
Jim McGeehin
2016-10-21 16:41:48 +0000 UTCAm I the only one who has noticed gold, silver, and copper are both commodity currencies and essential electronic components. And with inflated values due to commodity coinage. May have never managed to be cheap enough to get to the mass expansion of computers/ modern electronics to spread across the world. I mean even though Nixon famously took the US off the gold standard for a second time, the US had been deluding copper pennies, issuing silver/gold bonds, and had thriving futures markets far before the second lift of the gold standard. Meaning that if copper, gold and silver had some of the legal restrictions or hoarding of earlier days. Their may not have been enough of it at low enough cost materials to allow for even some of the basic micro proccesor parts. Ie the phone that is writing this message would either not exist of being the price of an American house.
maxM@x
2016-10-21 09:46:29 +0000 UTCSo effectively, John Law was what Blunt would have been like if he wasn't corrupt and self serving. They both shook the economies of their respective countries but I get the impression that Law was actively trying to stop things from truly getting out of hand before the fallout was a complete disaster (and why it seems like France suffered a solid blow, but a survivable one) whereas Blunt almost broke the concept of money in England/ the United Kingdom in an attempt to earn more profit.
Bright Ops
2016-10-21 09:32:30 +0000 UTC
