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French Money Crisis
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French Money Crisis
A scarcity of small change sets off a financial panic in France : would-be gold buyers on the steps of the Paris bourse
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 4367220
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10204554
1871 Bourse Buyers Change Commerce Crisis Financial Money Panic Sets Scarcity
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EDITORS COMMENTS
This print captures a pivotal moment in French history - the Money Crisis of 1871. The image depicts a scene outside the Paris bourse, where would-be gold buyers are anxiously waiting on the steps, reflecting the financial panic that had gripped France at that time.
The scarcity of small change had set off a chain reaction of economic turmoil, leading to widespread uncertainty and fear among the population. In this snapshot from November of 1871, we can see the desperation and urgency in the faces of those gathered outside the stock exchange.
As people clamored for precious metals like gold as a safe haven amidst the chaos, it is evident that confidence in traditional currency was rapidly deteriorating. The historical significance of this moment cannot be understated, as it marked a turning point in French commerce and finance.
Through this powerful image, we are transported back in time to witness firsthand the impact of this crisis on everyday citizens. It serves as a stark reminder of how quickly circumstances can spiral out of control when faced with economic instability.
Intriguing and thought-provoking, this print by Rights Managed offers a glimpse into a turbulent period in French history that continues to resonate with us today.
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