E. Cobham Brewer 1810–1897. Dictionary of Phrase and Fable. 1898.
Law’s Bubble.
The famous Mississippi scheme, devised by John Law, for paying off the national debt of France (1716–1720). By this “French South-Sea Bubble” the nation was almost ruined. It was called Mississippi because the company was granted the “exclusive trade of Louisia’na on the banks of the Mississippi.”
