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View of the rue Quincampoix with the speculators at the time of the system of John Law, 19th century (engraving)
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View of the rue Quincampoix with the speculators at the time of the system of John Law, 19th century (engraving)
ELD4905830 View of the rue Quincampoix with the speculators at the time of the system of John Law, 19th century (engraving); Private Collection; (add.info.: Economic system: the speculative bubble at the time of the Law system, the agiotors of Rue Quincampoix - Under Louis XV, some brokers set up on Rue Quincampoix, under the name of bankers, to trade public papers and make prices play upward or down for their profits, around 1720.); Photo © The Holbarn Archive
Media ID 38335016
© © 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 Exchange Buildings Finance Financial Economy Group Of Persons Lot Of People Main Exchange Scholarship Krach Speculation Stock Exchange Stock Market 18e Siecle 18th Century 18th Centuries City Of Paris Isadora Scotland Scotish Street View
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EDITORS COMMENTS
This engraving captures the bustling scene on the rue Quincampoix during the time of John Law's economic system in the 19th century. The street is filled with speculators, known as agiotors, who were involved in trading public papers and manipulating prices for their own profits.
Under Louis XV, brokers set up shop on Rue Quincampoix to engage in this speculative frenzy around 1720. The image showcases a chaotic yet vibrant atmosphere as people crowd around exchange buildings, eagerly participating in the stock market activities of the time.
The artist skillfully conveys the sense of excitement and greed that characterized this period of financial speculation. Banknotes are exchanged frantically, while bankers oversee transactions with a keen eye for profit. The sheer number of people depicted in the scene highlights just how widespread and influential these practices were during this era.
Overall, this engraving provides a fascinating glimpse into a pivotal moment in economic history when fortunes could be made or lost at the drop of a hat. It serves as a reminder of both the allure and dangers associated with speculative bubbles and financial markets throughout history.
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