In 1928, the Lynchburg Chamber of Commerce hired the Technical Advisory Corporation of Wyckoff, New Jersey, to create an economic development plan for the Hill City. In February 1929, the Lynchburg Chamber of Commerce received the results of the study. The Lynchburg Industrial Survey, a lengthy work that had been in preparation for eight months, contained data and analysis that must have caused a stir among the Hill City’s business and political elite. The director of the Technical Advisory Corporation of Wyckoff, New Jersey, wrote, “We have rarely worked in a city where it was possible to draw what seemed to us to be more sharply defined conclusions.”
The study’s findings suggested impending challenges for The Hill City. “Lynchburg conditions are not satisfactory,” warned the first sentence of the Survey’s confidential preface. The statement continued, “There has been a moderately prolonged and moderately deep depression from which the city now seems to be recovering.”
By autumn, although the Great Depression had not hit Lynchburg’s economy full-force, citizens who had investments in the stock market experienced the fiscal pain that accompanied the closing days of October 1929.
*Sections annotated from On the Precipice: Lynchburg at the Dawn of the Great Depression by Jeffrey Cole.