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The Stock Market Crash of 1929 – Part 2: Age of Illusion

Conflicted: A History Podcast

CHAPTER

The Market Is Now Its Own Law

We had entered a fourth dimensional economic world. There was no longer any limit upon the rise of common stocks. Since this was so obvious to everyone, it followed that common stocks could not fall. How could they fall? There was no reason for people to ever sell them. The forces behind its advance are irresistible. But one of those forces had a face and a name and a pair of shoes,. A pair of shoes that needed shining. One of pat bologna's top clients just happened to be the one and only sunshine charley mitchell, chief executive of the national city bank and the greatest bond salesmen of all time. On new year's day 19 29 he became a director

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