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===Mississippi Company=== Louis XIV's long reign and wars had nearly bankrupted the French monarchy. Rather than reduce spending, the Regency of Louis XV of France endorsed the monetary theories of John Law, a Scottish financier. In 1716, Law was given a charter for the Banque Royale under which the national debt was assigned to the bank in return for extraordinary privileges. The key to the Banque Royale agreement was that the national debt would be paid from revenues derived from opening the Mississippi Valley. The Bank was tied to other ventures of Lawβthe Company of the West and the Companies of the Indies. All were known as the Mississippi Company. The [[Mississippi Company]] had a monopoly on trade and mineral wealth. The Company boomed on paper. Law was given the title Duc d'Arkansas. Bernard de la Harpe and his party left New Orleans in 1719 to explore the Red River. In 1721, he explored the Arkansas River. At the Yazoo settlements in Mississippi he was joined by Jean Benjamin who became the scientist for the expedition. In 1718, there were only 700 people in [[Louisiana]]. The Mississippi Company arranged ships to move eight hundred (800) people landed in Louisiana on one day in 1718, doubling the population. John Law encouraged Germans, particularly Germans of the Alsatian region who had recently fallen under French rule, and the Swiss to emigrate. Alsace was transformed into a mosaic of Catholic and Protestant territories. Alsace was sold to France within the greater context of the [[Thirty Years' War]] (1618β1648). Beset by enemies and to gain a free hand in Hungary, the Habsburgs sold their Sundgau territory (mostly in Upper Alsace) to France in 1646, which had occupied it, for the sum of 1.2 million Thalers. Prisoners were set free in Paris in September 1719 and later, under the condition that they marry prostitutes and go with them to Louisiana. The newly married couples were chained together and taken to the port of embarkation. After complaints from the [[Mississippi Company]] and the concessioners about this class of French immigrants, in May 1720, the French government prohibited such deportations. But, there was a third shipment in 1721. The Jesuit Charlevoix went from Canada to Louisiana. His letter said "these 9,000 Germans, who were raised in the Palatinate (Alsace part of France) were in Arkansas. The Germans left Arkansas en masse. They went to New Orleans and demanded passage to Europe. The [[Mississippi Company]] gave the Germans rich lands on the right bank of the Mississippi River about 25 miles above New Orleans. The area is now known as 'the [[German Coast]]'."<ref>{{Cite book|last=Cuevas|first=John|url=https://books.google.com/books?id=aTP8fxliBI4C&q=%22mississippi+company%22+%22john+law%22+ships+prostitutes&pg=PA11|title=Cat Island: The History of a Mississippi Gulf Coast Barrier Island|date=January 10, 2014|publisher=McFarland|isbn=978-0-7864-8578-9|language=en}}</ref>
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