John LAW - Lot 11

Lot 11
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Estimation :
150 - 200 EUR
John LAW - Lot 11
John LAW DesWaerelds doen en doolen Burin published in Amsterdam, 1720. Very nice proof cut to the subject, partly glued with a vertical fold in the middle. 30,5 x 41,3cm. This satirical print illustrates the bankruptcy of John Law, a banker of Scottish origin, under whose impetus the Regency authorized in 1716 the creation of a general bank that issued shares in order to erase the country's heavy debts. The funds were destined in large part to the "Compagnie d'Occident" for the exploitation of the French colonies of Louisiana and Canada. Investors from all over were attracted by the promise of huge profits. In fact, the stock reached new heights, unfortunately followed by a collapse after the financial bubble burst. The Company was forced into bankruptcy and the French, English and Dutch investors were ruined. Our engraving represents a fairground carousel with passengers, it is located near the sea and many people are shouting all around, losers of the "Wind negotie", of the bankruptcy; one of them in the foreground is about to cut his throat, his neighbors want to dissuade him. Bills are flying around with "0" written on them in connection with the bankruptcy. This print comes from the collection "Het Groote Tafereel..." published in Amsterdam (1721?), this satirical collection includes 75 plates and 1 frontispiece.
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