It was an early example of the bursting of an economic bubble .
He countenanced the risky operations of the banker John Law , whose bankruptcy led to the Mississippi bubble , a disastrous crisis for the public and private affairs of France .
France was an early example of the bursting of an economic bubble .
He countenanced the risky operations of the banker John Law , whose bankruptcy led to the Mississippi bubble , a disastrous crisis for the public and private affairs of France .