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Bubbles for 1825 - or - Fortunes made by steam
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Bubbles for 1825 - or - Fortunes made by steam
3916887 Bubbles for 1825 - or - Fortunes made by steam; (add.info.: Bubbles for 1825 - or - Fortunes made by steam. The scene refers to the Panic of 1825, the first modern economic crisis, precipitated by speculation investment in Britain's new peace-time economy. The bankers sell bubbles, some of which, such as the infamous Poyais bubble, have already burst. December 1st 1824. Engraved bys W Fores. Note two Jews in front of picture holding shares.)
Media ID 38063748
© Bridgeman Images
Business Businesses Engravings Investment Investors Shares Stock Exchange Stock Market Stocks Stockmarket
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Bubbles for 1825 - or - Fortunes made by steam
EDITORS COMMENTS
is a captivating engraving that captures the essence of the Panic of 1825, the first modern economic crisis. The scene depicts bankers selling bubbles, representing speculative investments in Britain's new peace-time economy. Some bubbles have already burst, such as the infamous Poyais bubble.
The image, engraved by W Fores on December 1st, 1824, showcases two Jewish figures in front of the picture holding shares, symbolizing the diverse range of investors affected by the crisis. This piece serves as a poignant reminder of the dangers of unchecked speculation and greed in financial markets.
During this turbulent period in history, businesses were booming and fortunes were being made through steam-powered innovations. However, as quickly as these fortunes rose, they came crashing down when reality set in and investors realized they had been sold empty promises.
This engraving from the 19th century offers a glimpse into a time when stock market volatility was at its peak and serves as a cautionary tale for future generations about the risks associated with speculative investments. It is a powerful reminder that what goes up must eventually come down.
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