Apr 1, Reading Het groote tafereel der dwaasheid: An Emblem Book of the Folly of Speculation in the Bubble Year Frans De Bruyn. Frans De. Jan 1, Frans DeBruyn; Het groote tafereel der dwaasheid and the Speculative Bubble of A Bibliographical Enigma and an Economic Force. Yet, amidst this renewed critical attention, the largest and, arguably, most important Bubble text of all, the Dutch folio Het groote tafereel der dwaasheid [ The.

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This booklet appeared inshortly after the first stock market crash in the Netherlands. The British Museum and British Museum Shop use cookies to ensure you have the best browsing experience, to improve functionality and to make advertising relevant to you and your interests.

Dickson, “the most dramatic financial storm” of the eighteenth century. The human psyche is still weak and vulnerable to irrational herding behaviour. M De vierde in plaets van gelt te winnen, Verliest zyn eyge bet en zinnen, En zoekt verbystert in den grond Of hy het daer ook weder vond. John Lawtafereeel France’s biggest company and its national bank, essentially was the economy.

With the children is a fool with fools-capwho hopes to profit, but will be swindled as well. In June, the shares traded for d, and in July they reached 1,d. This large volume includes satirical engravings, plays, poems, and prospectuses, taferedl well as maps and sample decks of playing cards.

De Hooghe painted, engraved, sculpted, designed medals, enameled, taught drawing school, and bought and sold art as a dealer. At the sides and below the design are three columns of Dutch verse in letterpress, which have been translated as follows:.

However, unlike the Compagnie d’Occident, the South Sea Company actually had no geographical presence, so its future earnings were always going to be problematic. Het Groote Tafereel der Dwaashei 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 Taferele.


Een die de paelen Voor by streeft van Fortuin moet daelen I een ander staet als zot en kykt Dewyl hy niet dan nullen strykt. Despite the corrupt execution of the South Sea Scheme, its ostensible aim, the restructuring of the national debt, was ultimately achieved, and the country’s public finances were thereafter placed on a more honest and efficient footing. The share price dropped as dramatically as it had risen. The stock went up from livres per share to a peak of 18, in the summer ofthen collapsed in September, settling at about in The Directors of the South Sea Company were relying on persuading holders of the annuities to exchange them for shares in the Company, but by inflating the share price, so that a large proportion of the annuities could be cancelled with the issue of a smaller value of shares.

The following year Law purchased the tobacco monopoly in this region. In the distance evil spirits are hastening away; in the air Truth is seated, holding a wreath. Het groote tafereel der dwaasheid and the Speculative Bubble of The effects were felt throughout Europe.

The South Sea Bubble, London, The share price dropped as dramatically as it had risen. The Museum makes its collection database available to be used by scholars around the world. The Bubble was an international phenomenon, with speculative activity in Britain, France, and the Netherlands spilling across national borders; and the reaction it provoked in the press was correspondingly international in character.

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By this time, Law’s reputation was truly in the ascendant. The South Sea Bubble, London, When one considers that these tributaries include the Missouri and the Ohio Rivers, the French laid claim to a vast area, including regions also claimed by the British.

Also pulling the barrel is a butcher, festooned with sausages and brandishing the jawbone of an ass. This man ought to dwaasheix in good time, and not to go the net. While the financial markets look way more refined and sophisticated right now, the basics are still the same as almost years ago.

Not only are the plates worth studying as a historical document, it is also notable for examples of the kind of textual and visual language we still use whenever a new “bubble” appears. For several Netherlandish provinces, he created interior architectural paintings and other works.


Without cookies your experience may not be seamless. Romeyn de Hooghe was born in Amsterdam in and worked there until c. Tulip mania or tulipomania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.

When one considers that these tributaries include dwaashekd Missouri and the Ohio Rivers, the French laid claim to a vast area, including regions also claimed by dwaashied British. A few plates in the book are signed by Bernard Picard. Neither the publisher nor the exact date of publication are known, most dwaashekd it was issued over a period of several dwaxsheid. Het groote tafereel der dwaasheid. An Economic-Bibliographical Studyp. Financial Bubble Acquisition name Purchased from: His plates were often retouched and adapted for later events, sometimes by De Hooghe, sometimes by others.

The Company seems to have been run responsibly at first, and achieved considerable success, indicated by King George III becoming governor in To this day, the Bubble remains the paradigmatic instance of speculative madness in the history of capitalism, and its memory is reinvoked hrt a new financial storm threatens on the horizon.

File:Het Groote Tafereel der Dwaasheid, Quincampoix of de – Wikimedia Commons

Not everyone can climb aboard. Dan raest, dan woelt het, door dat vier. Moreover, confidence in the other European companies was also destroyed, and these in turn went bankrupt.

He was an expressive master of physiognomy; and his original, lively style displayed the baroque fashion for spectacular and allegorical fantasy. Antique maps, old prints, Medieval Manuscripts, Auction and Gallery. More about supporters and how you can help.