40 Wall Street the height of his project and then publicly claimed the title of the world's tallest building. (This distinction excluded structures that were not fully habitable, such as the Eiffel Tower.) Construction of 40 Wall Street began in May 1929 at a frantic pace, and it was completed twelve months later. In response, the Chrysler's architect William Van Alen obtained permission for a long spire and had it secretly constructed inside the frame of the building. The spire was delivered to the site in four different sections. On October 23, 1929, the day before the catastrophic Wall Street Crash of 1929
Wall Street Crash of 1929 macroeconomic difficulties, including contraction of credit, business closures, firing of workers, bank failures, decline of the money supply, and other economically depressing events. The resultant rise of mass unemployment is seen as a result of the crash, although the crash is by no means the sole event that contributed to the depression. The Wall Street Crash is usually seen as having the greatest impact on the events that followed and therefore is widely regarded as signaling the downward economic slide that initiated the Great Depression. True or not, the consequences were dire for almost everybody. Most academic experts agree on