Page 25 - Volume 12, Number 7

The company offered the DC-A powered by a Wright J6-9 radial engine of 300 horsepower, and the DC-6B that featured a J6-7 rated at 225 horsepower (shown here). Only a small number of both versions were built before the national economy gradually collapsed in 1930, adversely affecting sales of new aircraft in the United States. (ROBERT PICKETT COLLECTION/TEXTRON AVIATION)
daily with the reckless buying and selling of stocks. Even the average American could dabble in the risky business of investing, and millions of people did just that.
As the summer of 1929 slowly gave way to autumn, there were growing signs of potential trouble ahead. The trading stocks slowly began to waver. Investors and speculators quickly lost their nerve to stay in the market, fearing irrecoverable losses. On Thursday, Oct. 24, an unprecedented selling spree occurred that led to a steep nosedive in stock values. The next week another wave of panic selling precipitated a colossal collapse in prices – the stock market had finally crashed.
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JULY 2018 KING AIR MAGAZINE • 23