The Left Bank of Paris is an area of the city situated south of the river Seine, with the 5th, 6th and 7th arrondissements lying on its shore. It was specifically Montparnasse, in the 6th and 14th arrondissements, which acquired an association with literary activity, thanks to the patronage of writers, intellectuals and artists in the early part of the 20th Century. Similarly to Montmartre, rents were cheap and a sense of bohemian community welcomed like-minded souls from far and wide. Picasso, Matisse and Degas were sometime residents, as were the many American writers of the ‘lost generation’, such as Ernest Hemingway, F. Scott Fitzgerald, Gertrude Stein and Ezra Pound. Henry Miller spent possibly some of the most crucial years of his life in the area. One of the most famous bookshops in the world, Shakespeare and Company, is situated in the Left Bank. Established by the great Sylvia Beach in 1919, it continues to thrive today (though not in its original site) thanks to the equally legendary George Whitman. The bookshop allows impecunious devotees of literature to sleepover for free on one condition: they must read a book a day for the duration of their visit.