Jacques Laffitte, Date of Birth, Place of Birth, Date of Death


Jacques Laffitte

French banker and politician

Date of Birth: 24-Oct-1767

Place of Birth: Bayonne, Nouvelle-Aquitaine, France

Date of Death: 26-May-1844

Profession: politician, banker

Nationality: France

Zodiac Sign: Scorpio

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About Jacques Laffitte

  • Jacques Laffitte (24 October 1767 – 26 May 1844) was a leading French banker, governor of the Bank of France (1814–1820) and liberal member of the Chamber of Deputies during the Bourbon Restoration and July Monarchy.
  • He was an important figure in the development of new banking techniques during the early stages of industrialization in France.
  • In politics, he played a decisive role during the Revolution of 1830 that brought Louis-Philippe, the duc d'OrlĂ©ans, to the throne, replacing the unpopular Bourbon king Charles X.
  • Laffitte was named president of the new Citizen King's Council of Ministers and Minister of Finances (2 November 1830 – 13 March 1831).
  • After a brief ministry of 131 days, his "Party of Movement" gave way before the "Party of Order" led by the banker Casimir-Pierre Perier.
  • Laffitte left office discredited politically and financially ruined.
  • He rebounded financially in 1836 with his creation of the Caisse GĂ©nĂ©rale du Commerce et de l'Industrie, a forerunner of French investment banks of the second half of the 19th century such as the CrĂ©dit Mobilier (1852).
  • The Caisse GĂ©nĂ©rale did not survive the financial crisis caused by the Revolution of 1848.

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