Island of Fools-Head

In 1720, a map was published in Amsterdam of an island called 'Fools-Head'. The map included place names such as Leugenburg (‘Lie Town’), Sottenburg (‘Crazy Town’) and Bederfwyk (‘Corrupt Quarter’). The island was of course a satire, a comment on the madness and tragedy of economic bubbles. These included the South Sea and Mississippi Bubbles of the early eighteenth century, and the 'tulip mania' of a hundred years earlier, during which tulip bulbs became worth many times more than the average annual wage. All were followed by the inevitable crash.

You can learn more about the fascinating history of this map by clicking on it below.