Part 7/9:
On May 1, 1720, a crucial decision led to a catastrophic moment; Law’s company announced a sharp cut in the value of its shares. The following chaos was unprecedented, characterized by riots and mass withdrawals from the banks. The credibility of paper currency was shattered, and Law's financial empire was obliterated.
Public sentiment turned against him, and disillusioned nobles distanced themselves. Law lost the confidence of his erstwhile allies and was forced to abandon France, leaving behind his wife and children.