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De Regte Afbeelding der Wind Negotie Gehouden ni de Straat van Quinquempoix tot Parys
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De Regte Afbeelding der Wind Negotie Gehouden ni de Straat van Quinquempoix tot Parys
XJF867853 De Regte Afbeelding der Wind Negotie Gehouden ni de Straat van Quinquempoix tot Parys, after Antoine Humblot, 1720 (engraving) by Fairman, Frances C. (1836-1923); Private Collection; (add.info.: BM 1858, 0213.86.15); English, out of copyright
Media ID 12940731
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Bank Bubble Crash Economy Finance Financial Investment Investors John Law Risk Shares Speculation Stock Stock Exchange Stocks Mississippi Company
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EDITORS COMMENTS
This print titled "De Regte Afbeelding der Wind Negotie Gehouden ni de Straat van Quinquempoix tot Parys" takes us back to the year 1720, during a time of great economic turmoil and speculative frenzy. The image, after Antoine Humblot's original engraving, captures a street scene in Paris where the infamous Mississippi Company's wind trade is being conducted. The crowd depicted in the picture consists of European investors eagerly engaging in financial transactions, hoping to profit from the booming market. This satirical cartoon serves as a reminder of the risks associated with investment and speculation. It humorously portrays the exaggerated enthusiasm and blind faith that characterized this period known as the Mississippi Bubble. John Law, an influential Scottish economist who founded the Mississippi Company and introduced paper money into France's economy, played a significant role in this financial bubble. However, it ultimately burst when investor confidence waned and panic ensued. Through its intricate details and clever caricatures, this artwork offers a glimpse into one of history's most notorious financial crashes. It highlights not only the allure of quick wealth but also warns against unchecked greed and irrational exuberance within stock markets. This print serves as both an artistic representation of historical events and a cautionary tale about speculative bubbles that can have far-reaching consequences for economies worldwide.
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