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A Monument dedicated to Posterity, 1720 (engraving) (b / w photo)
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A Monument dedicated to Posterity, 1720 (engraving) (b / w photo)
XJF275556 A Monument dedicated to Posterity, 1720 (engraving) (b/w photo) by Picart, Bernard (1673-1733); British Museum, London, UK; (add.info.: Jonathans Coffee House, Change Alley, London; A satire on The South Sea Bubble of 1711-1720; Enron of England; ); French, out of copyright
Media ID 12791591
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Debt Finance Financial Crisis Folly Fortune Industrial Revolution Investors
EDITORS COMMENTS
This print captures the essence of "A Monument dedicated to Posterity, 1720". Created by Bernard Picart in 1720, this engraving is housed at the British Museum in London. The image depicts Jonathans Coffee House in Change Alley, London, serving as a backdrop for a satirical commentary on The South Sea Bubble of 1711-1720. The artwork cleverly portrays the financial crisis that engulfed England during this period. Dubbed as the "Enron of England" it highlights the folly and fortune associated with speculative investments. A crowd gathers around a symbolic monument adorned with allegorical figures representing investors caught up in the frenzy. Through this piece, Picart masterfully conveys both satire and social criticism. It serves as a reminder of how greed and speculation can lead to devastating consequences within an economy. The chair symbolizes power and authority while also alluding to those who profited from others' misfortune. As we observe this historical scene frozen in time, we are reminded of the cyclical nature of financial crises throughout history. This engraving offers valuable insights into not only past economic events but also human behavior when faced with opportunities for great gain or loss.
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