After the Wall Street Crash of 1929, how long did it take for the general public to understand the severity of the crisis? The reason I ask is because this Connecticut Thanksgiving proclamation from 1929 seems to either ignore, or completely misrepresent the economic conditions to come. See State of Connecticut. By His Excellency John H. Trumbull. Governor. A proclamation
According to Frederick Lewis Allen (Only Yesterday: An Informal History of the 1920s) it was in the first half of 1931 that, essentially, "the uncertain dawn was seen to have been false... stock prices faded until the panic levels of November, 1929, looked lofty by comparison."
