Emphasis Preaching Journal
In 1929, as the stock...
Illustration
In 1929, as the stock market crash was at its worst, representatives of the richest banking
houses in America walked into the stock exchange with millions of dollars to spend. All
around them, brokers were frantically issuing "sell" orders; they began to buy. When
word of what they were doing got out, the panic slowed, and the market settled down to a
kind of equilibrium. Their gesture of confidence was contagious; it saved the market --
and the US economy.
