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 brokerage offices around the nation was hours late, so investors had no idea what most stocks were actually trading for at that moment, increasing panic. Several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor. The meeting included Thomas W. Lamont, acting head of Morgan Bank; Albert Wiggin, head of the Chase National Bank; and Charles E. Mitchell, president of the National City Bank of New York. They chose Richard Whitney, vice president of the Exchange, to act on their behalf. With the bankers' financial resources behind him, Whitney placed a