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The Mississippi Bubble was one of history’s most spectacular financial crashes. The royal French financial system never recuperated fully from the blow. The way in which the Mississippi Company used its political clout to manipulate share prices and fuel the buying frenzy caused the public to lose faith in the French banking system and in the financial wisdom of the French king. Louis XV found it more and more difficult to raise credit. This became one of the chief reasons that the overseas French Empire fell into British hands. While the British could borrow money easily and at low interest rates, France had difficulties securing loans, and had to pay high interest on them. In order to finance his growing debts, the king of France borrowed more and more money at higher and higher interest rates. Eventually, in the 1780s, Louis XVI, who had ascended to the throne on his grandfather’s death, realised that half his annual budget was tied to servicing the interest on his loans, and that he was heading towards bankruptcy. Reluctantly, in 1789, Louis XVI convened the Estates General, the French parliament that had not met for a century and a half, in order to find a solution to the crisis. Thus began the French Revolution.
Sapiens
Yuval Noah Harari
Down on the formation, the ant wanted to turn toward the sky, but then discovered another trough ahead of it, identical to the “9”-shaped trough it had crawled through before the “7.” So it continued horizontally through the “9,” which it found better than both the “7” and the “1.” although it could not say exactly why. Its aesthetic sense was primitive and single-celled. The indistinct pleasure it had felt upon crawling through the “9” intensified. A primitive, single-celled state of happiness. These two spiritual monocells, aesthetics and pleasure had never evolved. They had been the same a billion years ago, and would be the same a billion years hence.
The Dark Forest
Cixin Liu
So, monotheism explains order, but is mystified by evil. Dualism explains evil, but is puzzled by order. There is one logical way of solving the riddle: to argue that there is a single omnipotent God who created the entire universe – and He’s evil. But nobody in history has had the stomach for such a belief.
Sapiens
Yuval Noah Harari
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