The quote below was written in the 1920s: the disaster which was impending was destined to be as bewildering and frightening to the rich and the powerful and the customarily sagacious as to the foolish and unwary holder of fifty shares of margin stock. --frederick lewis allen source: http://xroads. Virginia. Edu/~hyper/allen/ch13. Html to what event does this quote refer? the events on black tuesday the programs of the first new deal the dust bowl the end of the dust bowl.