Wall Street 1929: The $205 Bid That Bought Five Days

On Thursday, October 24, 1929, one man walked onto the floor of the New York Stock Exchange and said a price out loud. For one afternoon it froze a panic. Five days later the panic came back - and the man who made that bid would end up on trial. CHAPTERS 0:00 The Bid at Two Hundred and Five 4:31 Ten Percent Down 8:03 Monday and Tuesday 12:44 The Long Way Down to Forty-One 16:47 Under Oath SOURCES - Stock Market Crash of 1929 - Federal Reserve History - https://www.federalreservehistory.org/essays/stock-market-crash-of-1929 - Wall Street crash of 1929 - Wikipedia - https://en.wikipedia.org/wiki/Wall_Street_crash_of_1929 - Stock market crash of 1929 - Encyclopaedia Britannica - https://www.britannica.com/event/stock-market-crash-of-1929 - Stock Market Crash of 1929 - HISTORY - https://www.history.com/articles/1929-stock-market-crash - Pecora Commission - Wikipedia - https://en.wikipedia.org/wiki/Pecora_Commission - Richard Whitney (financier) - Wikipedia - https://en.wikipedia.org/wiki/Richard_Whitney_(financier) - Joseph P. Kennedy Sr. - Wikipedia - https://en.wikipedia.org/wiki/Joseph_P._Kennedy_Sr. - Great Depression in the United States - Wikipedia - https://en.wikipedia.org/wiki/Great_Depression_in_the_United_States Where the sources disagree, the narration says so. IMAGE CREDITS (archival images, used under the licences shown) • 2015 Federal Reserve Bank of New York from west - Beyond My Ken - CC BY-SA 4.0 - https://commons.wikimedia.org/wiki/File:2015_Federal_Reserve_Bank_of_New_York_from_west.jpg • Roger W. Babson, 1930s - Los Angeles Times - CC BY 4.0 - https://commons.wikimedia.org/wiki/File:Roger_W._Babson,_1930s.jpg • 2013 Federal Reserve Bank of New York from Maiden Lane - Beyond My Ken - CC BY-SA 4.0 - https://commons.wikimedia.org/wiki/File:2013_Federal_Reserve_Bank_of_New_York_from_Maiden_Lane.jpg • New York, korsningen av Broadway och Wall Street 1927 SLSA 1232-3 foto 5 - Eduard Paulig - CC BY 4.0 - https://commons.wikimedia.org/wiki/File:New_York,_korsningen_av_Broadway_och_Wall_Street_1927_SLSA_1232-3_foto_5.jpg Public domain / CC0 (Wikimedia Commons): Former head of New York Stock Exchange before Senate Committ; Sing Sing (prison) with warden; Crowds gathering outside New York Stock Exchange; Crowds gathering outside New York Stock Exchange (2); Thomas Edison stock ticker NMAH-JN2014-3625; Crowds gathering outside New York Stock Exchange (3); Portrait of Thomas W. Lamont; A.H. Wiggin & J.P. Morgan, Jr. in 1917 in Manhattan at a war; Chas. E. Mitchell, (1-3-23) LOC npcc.07600; "The Panic" LCCN2002719231; United States Steel Company 1924; J. P. Morgan & Co. Bldg., Wall & Broad Sts. LCCN99471908; Beurskrach New York, Wall Street, 1929, SFA001006911; GENERAL VIEW - National City Bank, 55 Wall Street, New York,; Irvingfisher; Joseph P. Kennedy, Sr. 1938 (cropped); Bernard Baruch cph.3b33468; Crowd outside nyse; Stockbrokers at the New York Stock Exchange; W.C. Durant, motor magnate, & wife - photo. by Bain News Ser; John D. Rockefeller Jr. cph.3a03736; Radiola Super VIII ad; Automatic ticker apparatus, New York Stock Exchange. Central; 19291030 Crash of '29 - New York Times; US Federal Reserve Eccles Building 1937; HOOVER, HERBERT C. WITH CABINET LCCN2016859637; AWMellon; CUNNINGHAM, E.H. HONORABLE LCCN2016858814; American union bank; Ford Industries, River Rouge, Mich (62380); White Angel Breadline, San Francisco, 1932, by Dorothea Lang; Unemployed men queued outside a depression soup kitchen open; Aerial Photograph of Lower Manhattan in New York City - NARA; Picketers for Veterans bonus at U.S. Capitol, Washington, D.; Whitney returns to testify. Washington, D.C. Jan. 15. Sen. B; Subpoena of J. P. Morgan to Appear Before the Senate Banking; Ferdinand Pecora 1938 (3x4 cropped); Chas. E. Mitchell, 1-3-23 LOC npcc.07601; GlassSteagall; Joseph P. Kennedy, Sr. 1938; Franklin D. Roosevelt and Henry Morgenthau Jr - NARA - 19561; "Whew" thatÆs that. Washington, D.C. Jan. 15. Richard Whitne; Thomas E. Dewey with campaign manager Russell Sprague at 193; Sing Sing old cell block; Forceful speaker. Washington, D.C., March 1. A new informal ; The Bubblers Medley, or a Sketch of the Times- Being Europe'. Archival images are real historical material; other illustrations are artistic reconstructions created with AI tools; narration voice is synthetic. #businesshistory #documentary #economics