E. Cobham Brewer 1810–1897. Dictionary of Phrase and Fable. 1898.
Mississip’pi Bubble.
The French “South-Sea Scheme,” and equally disastrous. It was projected by John Law, a Scotchman, and had for its object the payment of the National Debt of France, which amounted to 208 millions sterling, on being granted the exclusive trade of Louisia’na, on the banks of the Mississippi. (1717–1720.) (See SOUTH SEA.)
