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Clarence Hatry financier and bankrupt
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Clarence Hatry financier and bankrupt
Clarence Hatry (1888-1965), financier and bankrupt. The fall of the Hatry Group in September 1929 contributed to the Wall Street Crash.
1929
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 23079098
© The John Barrett Collection / Mary Evans Picture Library
Bankrupt Clarence Commerce Crash Finance Financier Hatry Money 1929
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EDITORS COMMENTS
"This evocative photograph captures the enigmatic figure of Clarence Hatry (1888-1965), a financier whose meteoric rise and subsequent fall from grace played a significant role in the events leading up to the Wall Street Crash of 1929. Hatry, a man of charisma and ambition, had built up the Hatry Group, a London-based financial empire, through a series of shrewd investments and daring business deals. However, his success was short-lived. In September 1929, the Hatry Group collapsed under the weight of its own debt, leaving many investors and creditors devastated. The fall of the Hatry Group was a harbinger of the larger financial crisis that was to engulf the world just a few weeks later. The photograph captures Hatry in the twilight of his career, a man who had once been hailed as a financial genius but was now facing the consequences of his own recklessness. The 1920s, a decade of prosperity and excess, were drawing to a close, and the dark clouds of economic uncertainty were gathering on the horizon. The photograph is a poignant reminder of the volatile nature of the financial world and the human cost of economic instability. Hatry's story is a cautionary tale of ambition, greed, and the perils of taking on too much debt. The photograph also serves as a visual snapshot of a bygone era, a time when men in suits and bowler hats ruled the world of finance and commerce, and the stock market held the power to make or break fortunes." This photograph, from The John Barrett Collection / Mary Evans Picture Library, offers a fascinating glimpse into the world of finance during the 1920s and the human drama that unfolded behind the headlines. It is a reminder of the enduring power of images to capture the essence of history and the stories that shape our world.
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