What is depicted in the image above?

That is a paint made it by Joseph Mallord William Turner . The title is "The Burning of the Houses of Lords and Commons" on October 16, 1834. It represent  the Burning of Parliament from the south bank of the River Thames, opposite Westminster, that occurs in the same year. It represents nature’s power over man and the terrible consecuens. It compares the strong of the nature with the strong of the man. For example, in the paint the small dots of light from the man-made gas lamps seem weak compared to the uncontrollable flames. The painting also hints at political unrest. The Houses of Parliament were built in the eleventh century and represented governmental stability. The fire occurred during a time of political change, and some regarded the event as a symbol of the need for further reform.

Explanation:

The event that is depicted above is the Burning of the Houses of Lords and Commons.

It shows the burning of the British Parliament in the year 1834 which lasted for several hours as people watched.

The painting was painted by Joseph Mallord William Turner to showcase the event from the perspective of someone downriver.

In conclusion, this shows the burning of Parliament.

Find out more on the House of Lords at  link.