J. P. Morgan as a stock-market bull blows bubbles labeled “Inflated Values” as many deluded investors reach for them.

comments and context

Comments and Context

The immediate inspirations for this cartoon Keppler were J. P. Morgan’s organization and capitalization (some said over-capitalization) of the United States Steel Corporation at the time of this drawing, and the brief but unsettling panic on Wall Street caused by the machinations of Morgan, Andrew Carnegie, and other financiers during the formation of the new company.

Collection

Library of Congress Prints and Photographs

Creation Date

1901-05-22

Creator(s)

Keppler, Udo J., 1872-1956

Period

Vice President of the United States (1901)

Repository

Library of Congress Prints and Photographs Division

Page Count

1

Record Type

Image

Resource Type

Cartoon

Rights

These images are presented through a cooperative effort between the Library of Congress and Dickinson State University. No known restrictions on publication.

Citation

Cite this Record

Chicago:

Wall street bubbles; – always the same. [May 22, 1901]. Library of Congress Prints and Photographs.
https://www.theodorerooseveltcenter.org/digital-library/o275845. Theodore Roosevelt Digital Library. Dickinson State University.

MLA:

Keppler, Udo J., 1872-1956. Wall street bubbles; – always the same. [22 May. 1901]. Image.
Library of Congress Prints and Photographs. Theodore Roosevelt Digital Library. Dickinson State University. March 12, 2026. https://www.theodorerooseveltcenter.org/digital-library/o275845.

APA:

Keppler, Udo J., 1872-1956., [1901, May 22]. Wall street bubbles; – always the same.
Library of Congress Prints and Photographs. Theodore Roosevelt Digital Library. Dickinson State University.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o275845.

Cite this Collection

Chicago:

Library of Congress Prints and Photographs. https://www.theodorerooseveltcenter.org/collection/library-of-congress-prints-and-photographs. Theodore Roosevelt Digital Library. Dickinson State University.

MLA:

Library of Congress Prints and Photographs. Theodore Roosevelt Digital Library. Dickinson State University. March 12, 2026. https://www.theodorerooseveltcenter.org/collection/library-of-congress-prints-and-photographs.

APA:

Library of Congress Prints and Photographs. Theodore Roosevelt Digital Library. Dickinson State University. Retrieved from https://www.theodorerooseveltcenter.org/collection/library-of-congress-prints-and-photographs.