The Mississippi Scheme Was Formulated by John Law for the Colonization

Multiple Choice

The Mississippi Scheme was formulated by John Law for the colonization and commercial exploitation of the Mississippi Valley and other French colonial areas. The main reason for its financial collapse in October 1720 was

A) The failure to launch a plan to exploit gold in the Mississippi, since there was no gold to be found.
B) The colonization and commercial exploitation of the Mississippi valley and other French colonial areas faced a strong opposition from the tribal people.
C) The speculation about the richness of the area.
D) Decline in investment from other overseas companies.