It was small, had only a front door, was four stories, and had two windows on the front of each floor with three windows on one side. It was McMahon’s building, and he didn’t own the land.īut the building was odd. But Jones had no idea the building was being constructed on her land. It was assumed that Mabel Jones was cashing in on the need for office space because of the oil boom and that she attached her building to her Uncle’s two-room structure. One day, a construction crew and materials showed up on the site, and a building was soon constructed. Next to Newby’s building was a vacant lot that was owned by Newby’s niece, Mabel Jones, who lived in Oklahoma. People were willing to give over their new money that the area’s oil boom had brought on only years before. He secured $200,000 in stock (about $2.9 million in today’s dollars) from investors by showing them blueprints of a massive building 480 feet high with 48 stories. He wanted to build a new skyscraper that had room for apartments, offices, and retail businesses, but he wouldn’t give a location where he planned to build it. McMahon was looking for investors for a bold new project. One of those businessmen was JD McMahon, a petroleum landman from Philadelphia. Nothing happened for 13 years until Newby rented one of his rooms to six businessmen in 1919. Things started in 1906 when Gus Newby built a two-room building next to a vacant lot where the world’s littlest skyscraper would end up. The red brick building is four stories, 10 feet wide and 16 feet long, 40 feet high, and has 118 square feet per floor. The world’s littlest skyscraper is officially called the Newby–McMahon Building. There is an interesting tale behind the structure that is called “The Littlest Skyscraper in the World.” It sits on a corner near downtown Wichita Falls on Seventh Street and LaSalle Street, and how it got built is even stranger than the way the building looks. The Petronas Towers built in Kuala Lumpur, Malaysia in 1997 were the tallest buildings in the world at the time and coincided with the financial crisis in Asia that peaked in 1998.In Wichita Falls, Texas, there is a strange building that is four stories tall and very skinny.economy was plagued by a long period of stagnation, due to high prices of oil in 1973 and a subsequent stock market crash from 1973 to 1974. Both spectacular creations happened just before the U.S. Only a year later, Chicago’s Sears Tower beat this number when it was unveiled standing at 1,450 ft. In 1972, the original One World Trade Center opened its doors as the tallest building in the world towering at 1,368 ft.The building, which stood at 1,250 ft, was the world’s tallest building at the time. The Great Depression which started in the early 1930s immediately followed the completion of the Empire State Building in 1931.Following its construction phase, the Banker’s Panic of 1907 occurred and a financial crisis was born. The building was considered the tallest building in the world at 700 ft. The tower was an addition to an existing 1893 building. Plans for the Metropolitan Life Insurance Company Tower, or simply the Met Life Tower, were announced in 1905 and unveiled in 1909.Both constructions were followed by the New York Stock Exchange (NYSE) market crash in 1901, also called the Panic of 1901. Shortly after its opening in 1899, Philadelphia City Hall was built in 1901, surpassing the height of the Park Row Building at 548 ft. The 391-ft Park Row Building was considered one of the first skyscrapers and the tallest commercial building in the world.