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An "Enfant Prodigue": satire on Barings Banks overexposure to Argentinian and Uruguayan debt in the late 1880s and early 1890s (engraving)
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An "Enfant Prodigue": satire on Barings Banks overexposure to Argentinian and Uruguayan debt in the late 1880s and early 1890s (engraving)
7173247 An " Enfant Prodigue" : satire on Barings Banks overexposure to Argentinian and Uruguayan debt in the late 1880s and early 1890s (engraving) by English School, (19th century); Private Collection; (add.info.: An " Enfant Prodigue" : satire on Barings Banks overexposure to Argentinian and Uruguayan debt in the late 1880s and early 1890s. Illustration from Truth, 25 December 1891.); © Look and Learn
Media ID 24753082
© Look and Learn / Bridgeman Images
Argentina Argentina Argentinean Argentinian Argentinians Debt Finance Latinamerica Safe Southamerica Uruguay Uruguayan Latine America
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EDITORS COMMENTS
This 19th-century engraving titled "An Enfant Prodigue" is a satirical depiction of Barings Banks' overexposure to Argentinian and Uruguayan debt in the late 1880s and early 1890s. The image, created by an unknown English School artist, captures the financial turmoil faced by Barings Banks during this period. The engraving showcases a scene filled with symbolism and humor. In the foreground, we see a woman representing finance or wealth, dressed elegantly but with an air of concern on her face. Surrounding her are several men who personify Barings Banks and other investors caught up in the debt crisis. They appear distressed as they struggle to handle stacks of bills labeled "Argentinian" and "Uruguayan". In the background, a map of Europe serves as a reminder that this crisis had far-reaching consequences beyond South America's borders. The inclusion of black-and-white illustrations adds depth to the satire while emphasizing its historical context. Through this artwork, we witness both the dangers of excessive risk-taking in banking institutions like Barings Banks and how economic crises can impact nations worldwide. It serves as a cautionary tale about unchecked speculation and highlights the vulnerability inherent in financial systems. Overall, this engraving offers viewers an insightful glimpse into one specific moment in history when financial mismanagement led to significant repercussions for both individuals and countries involved.
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