Winston Churchill and the Crash of 1929
On Saturday, August 3, 1929, Winston Churchill, accompanied by his younger brother, Major “Jack” John Churchill (age 49), Winston’s son, Randolph Churchill (age 18), and Jack’s son, Johnny (age 20), departed England for their trip to Canada and the United States aboard the ocean liner, Empress of Austrialia.
Why they went and what they did there is the subject of Pat Riott’s, The Greatest Story Never Told: Winston Churchill and the Crash of 1929.
On the back cover he writes:
In 1929, a financial disaster of unprecedented proportions swept through the United States with lightening speed. The American people began a slow decent into an 11-year financial hell that became known as The Great Depression. Learn:
- Why Winston Churchill being at the New York Stock Exchange on Black Thursday, October 24, 1929, was not “quite by chance,” as he later wrote.
- Why Wall Street “plunger” Bernard Baruch was Churchill’s “favorite American.”
- Why on October 29, 1929, the same evening of the crash, Churchill was guest of honor at a bizarre “celebration” attended to by over 40 “bankers and master plungers” of Wall Street at the Fifth Avenue mansion of Bernard Baruch.
- Where the shiploads of gold (the real money) went in the weeks and months after the crash.
- Who Churchill met with in Washington, D.C., San Francisco, Los Angeles, Chicago and New York immediately before and after the crash.
- Why the Prime Minister of Great Britain was also in New York two weeks before the Crash, and where he went next. (No, it was not back to Great Britain!)
- Who supplied the seed money for publisher Simon and Shuster?
- How the New York Times “Sunday Editorial” described Churchill’s visit and “the man who knew everything” that headed one of the world’s leading newspapers.
- Who was really manipulating the levers of U.S. financial policy during Herbert Hoover’s four years in office? What Hoover knew about the people working in his administration and who they really worked with and for.
- About Cecil Rhodes (Winston Churchill’s friend) diabolical will and the plans it contained….Read it for yourself. What was the plot that began to take shape in the Wilson administration?
- The curious connection between Cecil Rhodes, Winston Churchill, Bill Clinton, presidential hopeful H. Ross Perot, SONY founder Akio Morita, and the new U.S. Ambassador to France, Pamela Churchill Harrimann.
While containing a bibliography, the book has no endnotes citing primary sources. The reader is simply expected to believe everything Pat Riott says. As we enter a recession which some predict will parallel the Great Depression, an examination of Pat Riott’s contentions with reference to the historical evidence in an attempt to see whether his understanding of the Wall Street Crash of 1929 can give us understanding of the current financial meltdown is surely timely.