At noon on September 23, 1857, a businessman Jeremy Lamphier, started a prayer meeting in lower Manhattan on Fulton street only a couple of blocks from Wall Street. He invited many people but only six showed up, however this did not discourage Lamphier as he already knew the history of prayer and its ability to bring revival.
What does a prayer meeting have to do with Stockcasting and business on Wall Street? In times of crisis we need to pray. Seventeen days after Lamphier started his prayer meeting on October 10th, 1857 the stock market crashed. The crash is now described as the "great panic of 1857".
Within six months Lamphier's little prayer meeting had grown to nearly 10,000 people a day. This revival in prayer spread to other American cities as well. In Chicago 2,000 gathered daily for prayer. Other cities like St. Louis, Cleavland, Louisville experienced similar revivals. By February 1858 the media caught wind of the revival and several articles were written including ones in the New York Herald and the New York Tribune. It was this small prayer meeting of six men led by Jeremy Lamphier lead to what is now known as "The Third Great Awakening". This revival spread quickly to Ireland, Scotland, Wales, England, Europe, South Africa, India, Australia, and the Pacific islands.
What does a prayer meeting have to do with Stockcasting and business on Wall Street? In times of crisis we need to pray. Seventeen days after Lamphier started his prayer meeting on October 10th, 1857 the stock market crashed. The crash is now described as the "great panic of 1857".
Within six months Lamphier's little prayer meeting had grown to nearly 10,000 people a day. This revival in prayer spread to other American cities as well. In Chicago 2,000 gathered daily for prayer. Other cities like St. Louis, Cleavland, Louisville experienced similar revivals. By February 1858 the media caught wind of the revival and several articles were written including ones in the New York Herald and the New York Tribune. It was this small prayer meeting of six men led by Jeremy Lamphier lead to what is now known as "The Third Great Awakening". This revival spread quickly to Ireland, Scotland, Wales, England, Europe, South Africa, India, Australia, and the Pacific islands.
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