- Finance (ART) History -
In financial history, the year 1720 is infamous for both the South Sea, and Mississippi bubbles.
The 'Arlequin Actionist', painted in 1720, clearly portrays the public's disdain for speculators after each bubble burst.
Let's break it down. pic.twitter.com/BRNz6l5n5c
2/ In the painting, two men pull back a curtain to reveal the chaos on Rue Quincampoix (street name pictured), where the Mississippi Company HQ was located, and its shares were traded.
To fight the mania, a separate gate entrance was later built for 'Speculators of Quality'. pic.twitter.com/Gghzb4HETx
3/ The mayhem on Quincampoix was well-known at the time. Daniel Defoe, author of Robinson Crusoe, stated:
"The inconvenience of the darkest and nastiest street in Paris does not prevent the crowds of people...coming to buy and sell their stocks...up to their ankles in dirt." pic.twitter.com/pDIguJBs6k
1/ On Twitter, I have often shared insights and quotes from my late grandfather, Sir Fred Catherwood.
However, the story of another relative of mine also named Frederick Catherwood is perhaps even more fascinating. pic.twitter.com/yTr8DlKe6f
2/ Today, most of us are familiar with the ancient Maya civilization.
Particularly after the conspiracy theory in 2012 that claimed the Mayan calendar had predicted the end of the world. pic.twitter.com/YFflUDGftd
3/ However, the Western world has only truly known about the ancient Maya since the mid-19th century.
In the 1840s, Frederick Catherwood and John Lloyd-Stephens were “credited with the rediscovery of the Maya civilization”. pic.twitter.com/kUHTutAFea