The early effects of the Great Depression, which in poplar parlance at least. began with the crash of the stock market in late October 1929, were slow to be felt in Wabash.

It’s unlikely that many Wabash people owned significant amounts of stock in companies traded on the New York Stock Exchange then. Instead, most investors here had put their money into local companies, such as banks, factories, stores and real estate. When the crash came its consequences for people here were somewhat delayed.