Then...FRONTLINE tells the inside story of the origins of the modern financial meltdown and the battle to save the global economy. Over two consecutive weeks, the films explore key decisions, missed opportunities and the unprecedented moves by the government and banking leaders that have affected the fortunes of millions of people...8pm
Tuesday, April 24, 2012
a "New Era", when everyone could be rich...in 1929.
By 1929, Charles Mitchell, President of the National City Bank (now Citibank), had popularized the idea of selling stock and high-yield bonds directly to the smaller investor. Mitchell and a very small group of bankers, brokers, and speculators manipulated the stock market, grew wealthy, and helped create the economic boom of the Twenties. This film chronicles the year the boom went bust through the words and experiences of the descendants of these titans of finance. "The Crash of '29" captures the unbounded optimism of an age, at a time when the stock market promised permanent prosperity...7pm
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