Philippe d’Orléans

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Philippe d’Orléans (1674–1723) was a French nobleman and the nephew of King Louis XIV, who served as the regent of France after the king's death in 1715. Known for his progressive views and interest in economic reform, he played a pivotal role in the administration of John Law's innovative financial policies, which aimed to revive France's struggling economy through the introduction of paper money and credit systems. His support for Law’s ambitious schemes, including the establishment of the Banque générale, marked a significant period in French financial history, ultimately leading to one of the first major speculative bubbles in modern finance.