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BANK PANIC, 1869. What a Fall was There, My Countrymen! Thomas Nasts cartoon
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BANK PANIC, 1869. What a Fall was There, My Countrymen! Thomas Nasts cartoon
BANK PANIC, 1869.
What a Fall was There, My Countrymen! Thomas Nasts cartoon comment on Wall Streets original Black Friday, the bank panic of 24 September 1869, caused by the efforts of Jay Gould and James Fisk to corner the gold market
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Media ID 12241794
1869 Bank Panic Banking Black Friday Cattle Collision Commerce Crisis Dead Depression Event Failure Finance Fisk Gold Gould Nast Political Action Robber Baron Robber Barons Rubble Ruin September Wall Street
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EDITORS COMMENTS
BANK PANIC, 1869. What a Fall was There, My Countrymen! Thomas Nast's cartoon captures the chaos and devastation of Wall Street's original Black Friday, the bank panic of September 24th, 1869. In this powerful image, Nast comments on the events that unfolded when Jay Gould and James Fisk attempted to corner the gold market. The print showcases a city in turmoil as buildings crumble and rubble fills the streets. The once bustling center of commerce now lies in ruins, symbolizing the collapse of financial stability. Amidst this destruction, we see figures representing both political action and robber barons who played significant roles in this crisis. Nast's use of symbolism is evident with cattle depicted colliding into each other - an allegory for investors blindly following one another towards disaster. The dead bodies scattered throughout serve as a grim reminder of lives lost during this economic catastrophe. Through his artistry, Nast highlights not only the immediate impact but also emphasizes how such events reverberate across society. This depiction serves as a cautionary tale against unchecked greed and unscrupulous actions within America's banking system. This historical print offers us a glimpse into one of America's darkest financial moments while reminding us to remain vigilant against similar crises in our own time.
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