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DeJean - The Queens Embroiderer: a True Story of Paris, Lovers, Swindlers, and the First Stock Market Crisis

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The Queens Embroiderer: a True Story of Paris, Lovers, Swindlers, and the First Stock Market Crisis: summary, description and annotation

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From the author of How Paris Became Paris, a sweeping history of high finance, the origins of high fashion, and a pair of star-crossed lovers in 18th-century France. Paris, 1719. The stock market is surging and the worlds first millionaires are buying everything in sight. Against this backdrop, two families, the Magoulets and the Chevrots, rose to prominence only to plummet in the first stock market crash. One family built its name on the burgeoning financial industry, the other as master embroiderers for Queen Marie-ThErEse and her husband, King Louis XIV. Both patriarchs were ruthless money-mongers, determined to strike it rich by arranging marriages for their children. But in a Shakespearean twist, two of their children fell in love. To remain together, Louise Magoulet and Louis Chevrot fought their fathers rage and abuse. A real-life heroine, Louise took on Magoulet, Chevrot, the police, an army regiment, and the French Indies Company to stay with the man she loved. Following these families from 1600 until the Revolution of 1789, Joan DeJean recreates the larger-than-life personalities of Versailles, where displaying wealth was a power game; the sordid cells of the Bastille; the Louisiana territory, where Frenchwomen were forcibly sent to marry colonists; and the legendary Wall Street of Paris, Rue Quincampoix, a world of high finance uncannily similar to what we know now. The Queens Embroiderer is both a story of star-crossed love in the most beautiful city in the world and a cautionary tale of greed and the dangerous lure of windfall profits. And every bit of it is true.

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BY THE SAME AUTHOR How Paris Became Paris The Invention of the Modern City - photo 1

BY THE SAME AUTHOR How Paris Became Paris The Invention of the Modern City - photo 2BY THE SAME AUTHOR How Paris Became Paris The Invention of the Modern City - photo 3

BY THE SAME AUTHOR

How Paris Became Paris: The Invention of the Modern City

The Age of Comfort: When Paris Discovered Casual and the Modern Home Began

The Essence of Style: How the French Invented High Fashion, Fine Food, Chic Caf s, Style, Sophistication, and Glamour

The Reinvention of Obscenity: Sex, Lies, and Tabloids in Early Modern France

Ancients against Moderns: Culture Wars and the Making of a Fin de Si cle

Tender Geographies: Women and the Origins of the Novel in France

Fictions of Sappho, 15461937

CONTENTS - photo 4CONTENTS - photo 5

CONTENTS

Paris in the early eighteenth - photo 6Paris in the early eighteenth century 1594 Henri IV the first Bourbon - photo 7

Paris in the early eighteenth century 1594 Henri IV the first Bourbon - photo 8Paris in the early eighteenth century 1594 Henri IV the first Bourbon - photo 9

Paris in the early eighteenth century.

1594

Henri IV, the first Bourbon monarch, wins control of Paris

1610

Henri IV assassinated

16101643

Reign of Louis XIII

16181648

Thirty Years War

16431715

Reign of Louis XIV

1660

Louis XIV marries Marie-Thrse of Spain

1682

French court moves to Versailles

1683

Death of Queen Marie-Thrse

1685

Huguenots banished from France

1686

The League of Augsburg formed

16881697

Nine Years War/War of the League of Augsburg/War of the Grand Alliance

16931694

Famine in Europe

17011714

War of the Spanish Succession

17081709

The Great Winter

September 1, 1715

Death of Louis XIV

17151723

Regency of Philippe dOrlans

May 1716

Founding of the General Bank

August 1717

Founding of the Western Company

May 1718

Founding of New Orleans

December 1718

Founding of the Royal Bank

May 1719

The Western Company and the Indies Company merge

June 1719

First slaves arrive in Louisiana

December 1719

Shares in the Indies Company reach 10,025; the ship Mutinous sails for Louisiana with 150 Frenchwomen on board

Summer 1720

Runs on the Royal Bank; riots in Paris

September 1720

South Sea Bubble bursts in London

December 1720

Shares in the Indies Company at 1,000; John Law flees France

1721

Publication of Montesquieus Persian Letters denouncing the effects of Laws system

17231774

Independent reign of Louis XV

1733

Publication of Voltaires Letters Concerning the English Nation , harbinger of the movement now known as the Enlightenment

17741792

Reign of Louis XVI

1789

French Revolution begins

One August afternoon in Frances National Archives, I found two documents listed under the name of Jean Magoulet, official embroiderer to Louis XIVs queen. The first, Magoulets letter of appointment as the Queens Embroiderer, was no surprise, but the second, a royal decree, stopped me in my tracks: August 5, 1719. Lock Marie Louise Magoulet up in prison and ship her off to Louisiana.

In 1719, such an official pronouncement was unequivocal: Marie Louise Magoulet had been accused of prostitution and was being deported to the newly founded city of New Orleans as an undesirable.

Minutes later, I was racing through the streets of Paris Marais, bound for the Arsenal Library, where the records of the Bastille prison are housed. Before the afternoon was out, I had learned that Louise Magoulet was indeed, as I had suspected, the daughter of the Queens Embroiderer. I had also learned that the charge of prostitution had been trumped up by her very own father. I had even glimpsed the outline of a great love affair, between Louise Magoulet and Louis Chevrot.

Well before I realized that various Magoulets and Chevrots would crisscross the globe and that this family saga would play out over two full centuries, I already knew that it would be no easy task to retrace the Magoulet familys path from Versailles magnificence to prison squalor. I walked away from this project several times but always came back: I couldnt get Louise Magoulets star-crossed love story out of my mind.

She and Louis Chevrot deserved so much more than life gave them.

Th is is among the earliest surviving depictions of the interior of an authentic shop, the emporium of a known merchant, in this case, Jean Magoulet. Magoulet is identified in the caption printed below the handsomely etched image as brodeur ordinaire, or official embroiderer in the service of the queenthat is, Queen Marie-Thrse, the Spanish infanta who from the time of her marriage in 1660 to her death in 1683 ruled France as Louis XIVs wife. The caption adds that the queen is deceased, so we know that the scene depicted took place after 1683.

Jean Magoulet, the Queens Embroiderer, wears the accoutrements of everyday aristocratic dressa perfectly curled periwig, fine muslin cuffs and cravatand his younger assistant is similarly attired. But one element is missing, and that absence distinguishes the merchants dress as infinitely less costly than the garments worn by the great aristocrat who is Magoulets potential client. The merchants attire, while elegant, is unadorned, whereas the cuffs and the front panels of the noblemans handsome justaucorps (the ancestor of todays suit jacket) are richly ornamented with the kind of embroidery for which Magoulet was famous.

Across the back wall hang official garments of various kinds: the cross of the Saint-Esprit, or Holy Spirit, the highest chivalric distinction that could be conferred on French noblemen; a chasuble, the principal vestment worn by a priest when celebrating mass; and a housse , the decorative cloth placed under the saddles of horses on ceremonial occasions. This housse , featuring a fleur-de-lis pattern, seems destined for the mount of a royal guard.

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