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RE: LeoThread 2025-06-24 04:27

in LeoFinance4 months ago

Part 6/9:

However, as wealth circulated and inflation heightened, it became increasingly clear that the speculative bubble, which had been inflated by excessive issuance of paper money, was unsustainable. By early 1720, inflation rates soared, leading to rising unrest among the populace who began to distrust the very system Law had constructed.

Desperate measures were taken to maintain confidence in the financial system. Law issued decrees to limit gold hoarding and mandated taxation in banknotes. But these moves only deepened the crisis as the currency devaluation quickened and fears of a collapse mounted.

The Implosion: A Cataclysm of Speculation