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The Bankruptcy of John Law of Lauriston (chromolitho)
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The Bankruptcy of John Law of Lauriston (chromolitho)
667233 The Bankruptcy of John Law of Lauriston (chromolitho) by French School, (19th century); Private Collection; (add.info.: The Bankruptcy of John Law of Lauriston. French educational card, c 1900.); © Look and Learn
Media ID 22963404
© Look and Learn / Bridgeman Images
Bubble Crash Economic Events Mississippi Banque De France
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The Bankruptcy of John Law of Lauriston
EDITORS COMMENTS
is a captivating chromolithograph that takes us back to the 18th century, specifically to the economic crash in France. This historical print, created by an anonymous French artist from the 19th century, depicts a pivotal moment in history when financial speculation led to disaster. The image showcases the aftermath of John Law's bankruptcy, a Scottish economist and banker who was responsible for creating one of Europe's first modern paper money systems. However, his ambitious plan eventually collapsed due to excessive speculation and inflation. In this vibrant artwork, we witness chaos and despair as people scramble amidst crumbling buildings and falling stocks. The once prosperous Banque de France now lies in ruins while King Louis XIV looks on with dismay. The Mississippi Company's logo prominently displayed serves as a reminder of its involvement in this financial bubble. This print not only captures an important event but also reflects upon broader themes such as greed, power dynamics, and the consequences of unchecked economic practices. It offers viewers a glimpse into French history while shedding light on the fragility inherent within any economic system. As we admire this chromolithograph from our private collection today, let us remember that even centuries later, lessons can still be learned from past mistakes – reminding us to approach finance with caution and prudence.
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