Lithograph on Paper - 1920's World Economic Depress. Paul Cu...

Estimate

£2,500 - £3,000

Lithograph on Paper - 1920's World Economic Depress. Paul Culler 50.8x36.2cm
Paul Culler is an American painter best known for his work on NASA art projects and for his series of stamps for the United States Postal Service.
Art Introduction: This painting appeared on the Republic of the Marshall Islands The 20th Century series 60c World Suffers Economic Depression stamp issued March 16, 1998.

In the 1920s, the United States experienced spectacular economic growth stemming from new technology developments and government policies that aided big business. Investments in stocks and corporations increased dramatically, providing new capital for corporate expansion both in America and globally. Beginning in September 1929, the stock market began to decline and falling prices prompted investors to sell. By October 29, ""Black Tuesday,""panic-stricken investors had sold so much stock that the resulting low stock values caused the market to collapse. This catastrophic event precipitated a worldwide economic slump that affected all Western industrialized countries. The crash, combined with other economic factors, led to the Great Depression and the most difficult decade of the 20th century." This artwork is from a private collection in Hong Kong and will be shipped from there if successfully bid on.


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