THE SOUTH SEA BUBBLE, 1720. Change Alley, at the junction of Lombard Street and Cornhill, during the time of the South Sea Bubble scandal, 1720. Wood engraving, English, 19th century
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THE SOUTH SEA BUBBLE, 1720. Change Alley, at the junction of Lombard Street and Cornhill, during the time of the South Sea Bubble scandal, 1720. Wood engraving, English, 19th century
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Media ID 7537795
1720 Banking Business Man Commerce Scandal Change Alley South Sea Bubble
EDITORS COMMENTS
This print takes us back to the bustling streets of London in 1720, during the infamous South Sea Bubble scandal. The image captures Change Alley, a vibrant city street located at the junction of Lombard Street and Cornhill. Wood engraved by an English artist in the 19th century, this piece beautifully depicts a pivotal moment in history. The scene is filled with activity as business-minded men engage in commerce and trade. They can be seen conversing animatedly, their faces reflecting both excitement and apprehension. The buildings that line the street exude grandeur and prestige, serving as symbols of power within the banking industry. The South Sea Bubble was a speculative frenzy that gripped England's financial markets during this time period. Investors were lured into purchasing shares of stock from the South Sea Company under false promises of immense wealth. However, when reality struck and it became clear that these promises were empty, panic ensued. This engraving serves as a reminder of how easily greed can cloud judgment and lead to devastating consequences for individuals and economies alike. It stands as a cautionary tale against blind trust in financial institutions without proper scrutiny. With its intricate details capturing both architectural beauty and human emotion, this wood engraving transports us back to an era defined by scandalous events that forever changed the course of British history.
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