The Crash of 1929 (Full Version)

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By 1929, Charles Mitchell, President of the National City Bank (which would become Citibank), had popularized the idea of selling stock and high yield bonds directly to smaller investors. Mitchell and a very small group of bankers, brokers, and speculators manipulated the stock market, grew wealthy and helped create the economic boom of that fabulous decade.

Their successes made them folk heroes of the day. The Crash of 1929 chronicles a fateful year through the words and experiences of the descendants of these titans of finance.

In 1929, while the market was rising, seemingly without limits, there were few critics. Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions — a “New Era” when everyone could be rich.

Instead it was the rich who became became richer. Jesse Livermore, a Wall Street insider, drove around town in one of six yellow Rolls Royces. His daughter-in-law describes his two yachts, private railway car and five homes, including an apartment on Fifth Avenue he bought to have a place where he could change clothes for the theater.  More at www.pbs.org

 

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Orwell Rolls in His Grave (Full Version), 4.7 out of 5 based on 15 ratings
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Orwell Rolls in His Grave (Full Version)

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A 2004 documentary about the power of the corporate media in the USA.

 

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Orwell Rolls in His Grave (Full Version), 4.7 out of 5 based on 15 ratings

3 comments to Orwell Rolls in His Grave (Full Version)

  • Hi, Thanks for your mention. Orwell Rolls in his Grave has a facebook page. We’d love you to “like” us: http://www.facebook.com/pages/Orwell-Rolls-In-His-Grave/187719241245981 and is on twitter @orwellrolls. Plus, there is always orwellrollsinhisgrave.com.

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  • Jake

    I am about 55 minutes into this and while I believe that the media is controlled and is also a controller, both parties, Republicans and Democrats are controlled and corrupt. The answer is not let’s give the Government more power. The answer is, let’s have the people exercise their power over their own lives.

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    • Schmooish

      Good luck with that, but I predict you will simply be arrested for violating one of the many laws that can see you imprisoned for nothing other than a whispered accusation. Anyone that remembers East Germany should be prepared for the arrival of the Stasi police state in America. They will imprison you and shoot you to keep you under control.

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