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View of the Bankruptcy of the rue Quincampoix caused by the system of John Law, 19th century (engraving)
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View of the Bankruptcy of the rue Quincampoix caused by the system of John Law, 19th century (engraving)
ELD4849543 View of the Bankruptcy of the rue Quincampoix caused by the system of John Law, 19th century (engraving); Private Collection; (add.info.: View of the Bankruptcy (financial crisis) of the rue Quincampoix caused by the system of John Law, Scottish economist, developed between 1716 and 1720 in Paris. 19th century (engraving)); Photo © The Holbarn Archive
Media ID 38100728
© © The Holbarn Archive / Bridgeman Images
A Lot Of People Bank Bank Note Banker Banknote Bankruptcy Business Finance And Industry Crowd Scene Economic Crisis Economics Economics Science Economy Economy In A Crisis Exchange Buildings Finance Financial Economy Group Of Persons Lot Of People Main Exchange Speculation Stock Exchange Stock Market 18e Siecle 18th Century 18th Centuries City Of Paris Isadora Scotland Scotish
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EDITORS COMMENTS
This engraving captures the chaotic scene of the Bankruptcy of the rue Quincampoix in Paris during the 19th century, a result of the financial system created by Scottish economist John Law. The intricate details in this print showcase a bustling street filled with people, banknotes flying through the air, and exchange buildings looming in the background.
The artist skillfully conveys the frenzy and despair that engulfed Paris during this tumultuous period, as individuals scrambled to salvage their investments amidst economic collapse. The image serves as a stark reminder of the dangers of unchecked speculation and greed within financial markets.
As we gaze upon this historical depiction, we are transported back in time to witness firsthand the repercussions of risky financial schemes. The sheer number of people depicted highlights how widespread and devastating this bankruptcy was for society at large.
Through this engraving, we are given a glimpse into a pivotal moment in history when fortunes were made and lost overnight. It stands as a cautionary tale about the fragility of economic systems and serves as a poignant reminder that prudent financial practices are essential for stability and prosperity.
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