File:10 livres tournois banknote issued by Banque Royale, France, 1720. On display at the British Museum.jpg

English: 10 livres tournois banknote issued by La Banque Royale, France, 1720. On display at the British Museum in London. In 1716, the Scottish economist John Law established a bank in France. It was bought by the French government in 1718 and named it La Banque Royale. In 1720, shareholders demanded cash payment, leading to a run on the bank and financial chaos in France.