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Bankruptcy caused by the system of John Law, end of the 19th century (chromolithograph)
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Bankruptcy caused by the system of John Law, end of the 19th century (chromolithograph)
ELD4848838 Bankruptcy caused by the system of John Law, end of the 19th century (chromolithograph); Private Collection; (add.info.: Bankruptcy caused by the system of John Law, Scottish economist, set up between 1716 and 1720 in the rue Quincampoix in Paris. End of the 19th century (chromolithograph)); Photo © The Holbarn Archive
Media ID 38100654
© © The Holbarn Archive / Bridgeman Images
A Lot Of People Bank Banknote Bankruptcy Economic Crisis Economics Economy Finance House Of Bourbon France Louis Xv King Of France 1710 1774 Stock Market Chromolithography Chromo Isadora
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EDITORS COMMENTS
This striking chromolithograph captures the devastating aftermath of the system put in place by Scottish economist John Law between 1716 and 1720 in Paris. The scene depicts a chaotic street filled with a crowd of people, all facing financial ruin due to the economic crisis caused by Law's policies.
Banknotes litter the ground as individuals look on in despair, their faces reflecting the harsh reality of bankruptcy. The once bustling stock market now lies in shambles, symbolizing the collapse of an entire financial system.
In the background, we see a portrait of Louis XV, king of France during this tumultuous period. His presence serves as a reminder of the royal involvement in these disastrous economic decisions.
The vibrant colors used in this chromolithograph contrast sharply with the somber subject matter, emphasizing the stark contrast between wealth and poverty that defined this era. The intricate details captured by the artist bring to life a moment in history when greed and speculation led to widespread devastation for countless individuals.
As we gaze upon this image, we are reminded of the fragility of economic systems and how easily they can crumble under misguided policies. It serves as a cautionary tale for future generations about the dangers of unchecked financial speculation and its far-reaching consequences.
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