Wednesday, February 10, 2021

1929 Stock Market Crash Investor

 


Bankrupt investor Walter Thornton tries to sell his luxury roadster for $100 cash on the streets of New York City following the 1929 stock market crash

The car pictured in this photograph was a 1929 Chrysler 75 and sold new for around $1555 at the time. That would equal about $23,000 today.  The $100 asking price after the crash would be about $1500 today. 


Walter Thornton (pictured) recovered quickly after the stock crash and started a modelling agency in 1929. As the Walter Thornton Modelling Agency grew, it was considered one of the "Big Three" and one of the largest model agencies in the United States. The agency was known for its World War II era pin-up girls.

https://en.wikipedia.org/wiki/Walter_Clarence_Thornton

Source:  Reddit

 

 

 

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