Long cycles and the development of style: Painting in the 19th and 20th centuries

Well‐known epochs of style such as Romanticism, Realism, Impressionism, Cubism, etc. are combined with historical facts of economic long cycles. It turns out that long depressions/declines correlate with Romantic movements in style whereas long periods of prosperity coincide with realism. Basic innovations in painting do not cluster in difficult economic times. The evidence indicates almost the contrary.