South Sea Bubble / 1721
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South Sea Bubble / 1721
THE SOUTH-SEA BUBBLE A satire on Mr. Knight, the cashier of the South -Sea Company, who fled the country as the situation became too hot
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Media ID 620086
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10072230
1721 Bubble Cashier Fled Hanging Hell Knight Satire Situation
EDITORS COMMENTS
This satirical print from 1721, titled 'The South-Sea Bubble: or, A Peep at Mr. Knight, the Cashier of the South Sea Company, who Fled the Country,' offers a scathing commentary on the infamous South Sea Bubble scandal that rocked Britain during this period. The South Sea Company, which was established in 1711 to reduce the national debt, experienced a rapid rise in stock prices due to speculation and manipulation. However, the bubble burst in August 1720, leaving many investors bankrupt and the company's reputation in ruins. In this print, Mr. Knight, the cashier of the South Sea Company, is depicted hanging from a gallows, with the caption 'Who escapes the Halter, but to be hanged in a Breechcloth.' The image is a satirical commentary on the fleeing of those involved in the scandal, including Mr. Knight, who attempted to escape the consequences of their actions. The background of the print shows a chaotic scene of people rioting and fighting, reflecting the chaos and turmoil that ensued as the bubble burst. The print also includes several other satirical elements, such as the devilish figure in the top left corner, symbolizing the greed and corruption that fueled the South Sea Bubble. The overall tone of the print is one of moral outrage and condemnation, reflecting the public's anger and disillusionment with those who had profited from the scandal. The South Sea Bubble was a significant event in British history, and this print offers a fascinating glimpse into the public's reaction to the scandal. It serves as a reminder of the dangers of speculation and the importance of ethical business practices.
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