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The speculative bubble at the time of the Law system, 19th century (engraving)
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The speculative bubble at the time of the Law system, 19th century (engraving)
ELD4920303 The speculative bubble at the time of the Law system, 19th century (engraving); (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 (View of the rue Quincampoix with the speculators at the time of the system of John Law, Scottish economist, developed between 1716 and 1720 in Paris) Engraving 19th century Private collection); Photo © The Holbarn Archive
Media ID 38480128
© © 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 Speculation Stock Exchange Stock Market 18e Siecle 18th Century 18th Centuries City Of Paris Isadora Street View
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EDITORS COMMENTS
This engraving from the 19th century depicts the speculative bubble that occurred during the time of the Law system in Paris. The image showcases the bustling Rue Quincampoix, where brokers known as agiotors traded public papers and manipulated prices for their own profit. This scene captures a moment in history when economic frenzy and speculation ran rampant, with traders vying to make quick fortunes.
The engraving offers a glimpse into a bygone era when financial markets were volatile and unpredictable, reflecting both the excitement and chaos of speculative trading. The intricate details of the street scene, filled with people, banknotes, and exchange buildings, paint a vivid picture of this tumultuous period.
As viewers gaze upon this historical print, they are transported back to a time when greed and ambition drove individuals to take risks in pursuit of wealth. The engraving serves as a reminder of how economic bubbles can inflate rapidly before inevitably bursting, leaving behind shattered dreams and financial ruin.
Overall, this engraving is not just a visual representation of past events but also a cautionary tale about the dangers of unchecked speculation and market manipulation. It stands as a testament to the enduring allure—and perils—of chasing after riches in an ever-changing world.
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