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Transforming French Government Finances: Royal Bank and the Introduction of Paper Money!

Transforming French Government Finances: Royal Bank and the Introduction of Paper Money!

Did you know that John Law, a Scottish-born economist, played a pivotal role in the adoption of paper money in France? Through the Royal Bank, he helped transform the government's financial system by accepting deposits and issuing banknotes. Fascinating!

https://youtube.com/shorts/ByxTJXECPrc?si=HyE3y_0tanj7Ukna

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