4min chapter

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Summer School 1: An Economic History of the World

Planet Money

CHAPTER

Money as Power: The Rise of John Law

This chapter explores how money serves as a tool for governments to unify and control communities, highlighting the historical importance of currency in military expansion. It focuses on John Law, a Scotsman whose dramatic life and financial innovations reshaped the monetary landscape, serving as a cautionary tale of the risks of financial advancement.

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