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McCall has specialized in public finance since our founding in 1919. As we mark the firm's 100th anniversary, we extend our deepest gratitude to you—our clients and colleagues—who have trusted us to deliver and work with you through the decades. To commemorate our anniversary, we'd like to share a series of blog posts about our firm's history.

In our third blog below you will learn about John D. McCall in the 1920s, which included his move to Dallas, several partnerships, advising the City of Dallas on how to finance construction of the Cotton Bowl Stadium, and the birth of Permanent University Fund bonds.

The Roaring Twenties

The Economic Boom in the 1920s was marked by rapid industrial growth and advances in technology, such as the modern assembly line, mass distribution of electricity, and radio. After an initial recession following World War I in 1919, a period of prosperity ensued. Between 1921 and 1924, the nation’s gross national product jumped 40% from $69 billion to $93 billion and wages rose by an average of 22% per person, leading to massive profits for businesses and corporations.

Cotton Bowl Stadium circa 1933

Image Source: Edwin J. Foscue Map Library, Southern Methodist University