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ANONYMOUS. - Missisippi.. Nieuwe Volkplanting om wind.

ANONYMOUS. - Missisippi..      Nieuwe Volkplanting om wind.
Missisippi.. Nieuwe Volkplanting om wind. - ANONYMOUS.
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Title : Missisippi.. Nieuwe Volkplanting om wind..
Map maker : ANONYMOUS..
Date : Amsterdam 1720.
Size : 5.7 x 7.5 inches. / 14.5 x 19.0 cm.
Colouring : Coloured.

Description :This satirical engraving is one of the most famous cartographic curiosities. They represent the collapse of the French Compagnie de la Louisiane d'Occident, and similar English and Dutch companies. John Law, a Scottish financier, established the company in 1717 and was granted control of Louisiana. Law developed an elaborate plan - The Mississippi Scheme (now known as the Mississippi Bubble) - to exploit the fabulous resources of the region. It quickly gained popularity and people rushed to invest in the scheme. Share prices opened at 500 livres and rapidly rose to 18,000 livres. At this point, speculators cashed in, caused a run on the shares, and the company went bankrupt. As a consequence of the failure of the Mississippi Scheme, confidence in other similar companies failed, and thousands of individual investors across Europe were ruined. The general term Bubble was applied to such schemes and this great engraving is filled with puns referring to the greed and foolishness of the speculators and investors. This is an engraved view of the Mississippi River and four similar vignettes showing investors devastated by the scheme. Dutch text below.

Condition : In very good condition.


ID: 80625

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