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ANONYMOUS. - De Actiewereld op haar einde - VONNIS VAN APOL OVER DE BUBBELS - MISSISIPPI, OF 'T WYD BEFAAMDE GOUD-LAND, DOOR DE INBEELDING DER WIND-NEGOTIE (John Law).
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De Actiewereld op haar einde - VONNIS VAN APOL OVER DE BUBBELS - MISSISIPPI, OF 'T WYD BEFAAMDE GOUD-LAND, DOOR DE INBEELDING DER WIND-NEGOTIE (John Law). - ANONYMOUS.
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Title : De Actiewereld op haar einde - VONNIS VAN APOL OVER DE BUBBELS - MISSISIPPI, OF 'T WYD BEFAAMDE GOUD-LAND, DOOR DE INBEELDING DER WIND-NEGOTIE (John Law)..
Map maker : ANONYMOUS..
Date : Amsterdam, 1720.
Size : 11.8 x 14.7 inches. / 29.9 x 37.4 cm.
Colouring : Uncoloured.
Description :"Anonymous - De Actiewereld op haar einde. This engraving is from the important account of one the most infamous financial meltdowns in history, known as the 'Mississippi Bubble incident'. This engraved view is titled ""De Actiewereld op haar einde."" There are some verses in Dutch under and also in the scene.
Anonymous - VONNIS VAN APOL OVER DE BUBBELS. Engraving measuring 280 x 355 mm.
Satire on the Mississippi Bubble, with the title translating as 'Apollo's verdict on the stock-jobbers'. Published in 'Het Groote Tafereel der Dwaasheid' (The Picture of Stupidity), a collection of satires on financial bubbles.
Anonymous - MISSISIPPI, OF 'T WYD BEFAAMDE GOUD-LAND, DOOR DE INBEELDING DER WIND-NEGOTIE. Engraving measuring 153 x 210 mm on sheet with text measuring 384 x 258 mm.
Landscape on the Mississippi with battles between Indians and Europeans. Medallions in the four corners with representations of the effects of the wind trade in a Dutch family. On the sheet below the plate a caption in two columns. Print 59 in the series Het Groote Tafereel der Dwaasheid with cartoons on the Windhandel or Actiehandel of 1720.
John Law, a Scottish financier, established the Banque Generale (central bank) in France. He was then granted control of Louisiana and founded the Compagnie de la Louisiane d'Occident, in 1717. Law developed an elaborate plan to exploit the fabulous resources of the region, which quickly gained popularity and people rushed to invest, not just in France, but throughout Europe.
This resulted in the development of several other overseas companies, such as the English South Sea Company and a number of smaller companies in the Dutch Republic. The share prices rose dramatically in a frenzy of speculation. In 1720 the bubble burst, speculators cashed in, caused a run on the shares, and the company went bankrupt. As a consequence of the failure, confidence in other similar companies failed, and thousands of individual investors across Europe were ruined.
Read more about ""Het Groote Tafereel der Dwaasheid"", or ""The Great Mirror of Folly"" or view several of the seventy-four plates from this book.
Condition : In very good condition.
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