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Midas Transmuting all into Gold Paper, published by Hannah Humphrey in 1797
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Midas Transmuting all into Gold Paper, published by Hannah Humphrey in 1797
NCO190488 Midas Transmuting all into Gold Paper, published by Hannah Humphrey in 1797 (hand-coloured etching) by Gillray, James (1757-1815); 35.4x24.8 cm; Courtesy of the Warden and Scholars of New College, Oxford; (add.info.: reference to the issue of paper money after a run on the Bank of England on 26th February 1797; William Pitt (1759-1806) depicted as a giant standing over the bank; Opposition heads in the rushes; storm cloud coming from France; ); English, out of copyright
Media ID 23224268
© Bridgeman Images
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EDITORS COMMENTS
The print titled "Midas Transmuting all into Gold Paper" captures a powerful and satirical political commentary on the financial crisis of 1797. Created by James Gillray and published by Hannah Humphrey, this hand-coloured etching depicts William Pitt, the Prime Minister at the time, as a towering giant with a massive belly made of gold coins. Pitt is shown standing over the Bank of England, symbolizing his control over the nation's finances. In this cleverly crafted cartoon, tiny opposition heads are seen in rushes below Pitt's feet, representing their diminished influence in comparison to his towering stature. A storm cloud emanating from France adds an ominous touch to the scene, highlighting the economic pressures faced by Britain during that period. Gillray's attention to detail is evident in every aspect of this artwork. From Pitt's donkey ears symbolizing foolishness to diminutive figures spewing paper money from his mouth, each element contributes to conveying a sense of national bankruptcy and devaluation. This print serves as both a historical document and a work of art. It reflects not only Gillray's skillful technique but also his ability to use satire as a means of social commentary. The image reminds us that even those in positions of power can be subject to criticism and scrutiny when it comes to matters of finance and governance. Courtesy: Warden and Scholars of New College, Oxford; Bridgeman Images
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