Lot #: 28395

De kornet van vuil gewin of wortel en besse postiljon op zyn mager, doch niewlyks gemest varken uitschreewende de kompany is vol.

Maker / Publisher:		ANONYMOUS
Place & Date:		Amsterdam, 1720
Colored:		Uncolored.
Size:		340 x 269 mm / 13.4 x 10.6 inches
Condition:		A good and dark impression.

$200 / ≈ €176

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Description
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Description

Page taken from "Het groote tafereel der dwaasheid : vertoonende de opkomst, voortgang en ondergang der actie, bubbel en windnegotie, in Vrankryk, Engeland, en de Nederlanden, gepleegt in den jaare MDCCXX."

The text reads in English: The rider of foul profit or the rubbish-bearing course, riding on his thin, but newly fatted boar, cries: The company is full.

A caricature in prose and verse satirizing the first truly international speculative crisis in the history of financial capitalism, the "Mississippi scheme" (1718-1720) of the French Compagnie d'Occident and the speculations it's stock that led to the complete ruin of many of its over-eager French, Dutch and English shareholders.

John Law (1671-1729), the son of an Edinburgh banker and successful financier who established the Banque Générale in Franc in 1715, founded the Compagnie de l'Occident for the exploitation of the resources of French Louisiana after Antoine Crozat had surrendered his charter in 1717. Law's reputation caused the stock to sell readily, and the organization soon enlarged the scope of its activities by absorbing other commercial companies, its name than being changed to the 'Company of the Indies'.

Enormous profits were anticipated…and the increasing demand for its stock led to wild speculation.

The anticipated immense and immediate profits were not realized, and soon the scheme revealed itself as a purely speculative venture. In 1720 the company failed, the 'bubble' busted and the stockholders lost their entire investment, many being completely ruined.

You may read more about "Het Groote Tafereel der Dwaasheid", or "The Great Mirror of Folly".

Reference: Drugulin, Historische Bilderatlas/ Fr. Muller: Beredeneerde beschrijving van Ned. Historie platen en zinneprenten, 1876/ Prof. Laspeyres, Gesch. der Volkswirtschaftl. Anschauungen der Niederlaender u. ihrer Literat. z. Zeit der Republik, 1863

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Paulus Swaen maintains an archive of most of our high-resolution rare maps, prints, posters and medieval manuscript scans. We make them freely available for download and study. Read more about free image download	Click this image for a free HR-image download. De kornet van vuil gewin of wortel en besse postiljon op zyn mager, doch niewlyks gemest varken uitschreewende de kompany is vol.

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