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A brief panic caused by the sudden failure of the Grant and Wood bank
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A brief panic caused by the sudden failure of the Grant and Wood bank
PNP329414 A brief panic caused by the sudden failure of the Grant and Wood bank, illustration from Harpers Weekly 24th May 1884 (litho) by American School, (19th century); Private Collection; (add.info.: The Wall Street Panic of 1884 was a short-lived economic downturn; ); Peter Newark American Pictures; American, out of copyright
Media ID 22946660
© Peter Newark American Pictures / Bridgeman Images
Banking Economics Economy Finance Financial Crisis Manhattan
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EDITORS COMMENTS
This black and white lithograph captures a moment of chaos and uncertainty in the heart of New York City. The print titled "A brief panic caused by the sudden failure of the Grant and Wood bank" takes us back to May 24th, 1884, during a tumultuous period known as the Wall Street Panic. In this scene, we witness a bustling street corner filled with anxious faces. Men dressed in dapper suits can be seen frantically discussing the news that has shaken their financial world. The failed bank's collapse has sent shockwaves through Manhattan, causing a temporary economic downturn. The artist skillfully portrays the intensity of this crisis through intricate engravings. Every detail is meticulously captured - from the worried expressions on people's faces to their hurried movements amidst an atmosphere thick with tension. As we delve into this historical snapshot, it becomes evident that money and commerce are at stake here. This illustration serves as a reminder that even in America's booming economy, unforeseen events can trigger moments of panic and instability. Today, we look back at this artwork not only as a visual representation of an economic crisis but also as a testament to resilience and recovery. It stands as evidence that throughout history, societies have faced challenges head-on and emerged stronger than before. This powerful image from Bridgeman Images invites us to reflect on our own turbulent times while appreciating how far we've come since those uncertain days on Wall Street over a century ago.
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