1929 Becomes a Symbol in People's Minds

1929 became a symbol in people's minds. It was January 4th of 1951 that the kid who was born on August 30th in 1930 had finished college before the stock market got back to where it was at that earlier time. But the minds of people had been so scarred, the memories. Parents told their children. If you've said 1929, it was like saying 1776 or 1492. I mean, everybody knew exactly what you were talking about. And it affected stock prices in a rather remarkable way - if you'll change to the next slide.