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Egg speculation
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Egg speculation
Egg speculation. Illustration shows a two panel cartoon, in the left panel, a man labeled Egg Plunger is standing atop a large egg labeled Egg Speculation that rests on top of buildings labeled Cold Storage, in the right panel, Uncle Sam has smashed the egg with an axe labeled Pure Food Law causing the man to plunge into the egg. Date 1913 December 10. Egg speculation. Illustration shows a two panel cartoon, in the left panel, a man labeled Egg Plunger is standing atop a large egg labeled Egg Speculation that rests on top of buildings labeled Cold Storage, in the right panel, Uncle Sam has smashed the egg with an axe labeled Pure Food Law causing the man to plunge into the egg. Date 1913 December 10
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EDITORS COMMENTS
1. Title: "Egg Speculation: The Bursting of the Egg Bubble, 1913" This intriguing two-panel cartoon, published in Puck magazine on December 10, 1913, humorously illustrates the concept of egg speculation during a time when the market was experiencing significant volatility. In the left panel, an eager speculator, labeled as "Egg Plunger," stands atop an enormous egg labeled "Egg Speculation." The egg rests precariously atop buildings identified as "Cold Storage," symbolizing the delicate nature of the market and the potential for a sudden collapse. The right panel of the cartoon showcases the sudden bursting of the egg bubble. Uncle Sam, a symbol of the U.S. government, wields an axe labeled "Pure Food Law." With a swift and decisive blow, he shatters the egg, causing the "Egg Plunger" to plunge into the yolky interior below. This illustration humorously represents the unpredictable nature of the egg market and the potential consequences of speculation gone wrong. The Pure Food Law, enacted in 1906, aimed to regulate the production and sale of food in the United States. The cartoonist may be suggesting that government intervention, in the form of regulations, can lead to the bursting of market bubbles and the potential for significant losses for speculators. This cartoon provides a glimpse into the financial and regulatory climate of the early 20th century, highlighting the risks and uncertainties associated with egg speculation during this time.
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