Thomas Lamont on the cover of Time Magazine on November 11, 1929
Labor and business leaders leaving the White House after a meeting with President Franklin D. Roosevelt, January 14, 1938. (L-R): Adolf A. Berle, Philip Murray, John L. Lewis, Owen D. Young, Thomas W. Lamont.
Lamont Library at Harvard University
Wall Street crash of 1929
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The Wall Street crash of 1929, also known as the Great Crash, was a major stock market crash in the United States which began in October 1929 with a sharp decline in prices on the New York Stock Excha
Thomas W. Lamont
…Morgan & Co.'s leading representative in Italy. Lamont worked to secure Fummi's release. Fummi was released on October 1 and went to Switzerland. On Black Thursday in 1929, Lamont was acting head of J.P. Morgan & Co. Five days prior to the Crash, President Herbert Hoover had contacted Lamont with concerns about…
Crowd gathering on Wall Street after the 1929 crash
After large market declines on October 28 and 29, The New York Times described the financial community's response to "the most disastrous trading day in the stock market's history". Margin requirements were reduced to 25%, banking leaders expressed assurance of their support, and the sentiment on Wall Street was said to be "more cheerful" after earlier declines.
Unemployed men march in Toronto.