In 1929, Charles Mitchell, President of the National City Bank (which would later become Citibank), was at the helm of a financial revolution. He popularized the concept of selling stock and high yield bonds to smaller investors, forever changing the way people invest their money. By doing so, Mitchell and a select group of bankers, brokers and speculators enabled individuals to actively participate in the stock market.
These men grew wealthy as they manipulated and capitalized on stock market trends throughout the 1920s. This helped fuel an economic boom that included rising wages, increased production and consumption of goods and services, and ultimately helped catapult America into becoming one of the greatest economic powers in world history.
The decade-long journey experienced by these pioneers has been documented in great detail in the recent documentary “The Money Makers”. Viewers get a firsthand look at how these influential individuals made their fortunes in this unpredictable industry – from shady tactics to ingenious strategies – as well as some of the pitfalls they encountered along the way.
With its vivid storytelling style, The Money Makers is an engaging watch for any aspiring investor or history buff alike. Thanks to Mitchell’s innovation and creativity during this tumultuous era, it serves as a reminder that even during difficult times there is always opportunity for success if you are smart enough to seize it. We highly recommend watching The Money Makers; you won’t regret it!