|
During the year of 1929, financiers who controlled the money
supply in America suddenly withdrew a large percentage of it
from circulation and thereby
threw into a state of stagnation
the industry and progress in this
great land of abundance.
More than 15,000,000 workmen were thrown out of employment and the national production of wealth in this great country was cut in two. Millions of willing workmen and business men were made paupers and forced into bread lines; soup kitchens and garbage cans for food to keep their bodies and souls together. Milk dealers threw millions of cans of
The Original Benefactor
milk into the sewers because the people had no money
to buy it while babies everywhere
died for the want of it.Out of the financial panic that existed therefrom the big financiers got control of the largest part of the wealth of the U.S.A. through foreclosures on mortgages that could not be met without the money to pay them. More than 200,000 factories were taken away from manufacturers, as well as millions of farms and workingmen’s homes. It was the biggest single financial grab in history. About that time Alfred Lawson was one of the foremost builders of Aircraft in the world. He was the inventor of the large Cabin Airliner such as are used in every country in the world today to carry large numbers of passengers within spacious cab- |