Project E04: After the stockmarket crash of 1720 – threat diagnosis and crisis management in Paris and London


Project E04 takes its point of departure from the effects of the 1720 stockmarket collapse in London and Paris, studying the interplay of threat diagnoses and coping strategies. The loss of trust in the credit-based economic order, caused by the dramatic slide in share value, is the point from which this study proceeds. Core aspects treated are the loss of trust and how trust was restored in a re-ordering process against a backdrop of urban ̔face-to-face societies’. While not omitting the economic and the political dimensions, the chief focus is on the cultural practices involved in restoring trust.