The closure of the exchange was prevented by a loan from the Banque de France which enabled sufficient liquidity to support settlement.
Speculators also printed counterfeit money; they renewed their forward contracts in hopes for a continuous rise in prices.
This situation foretold that a collapse would occur when investors would repay their loans, not wanting to pay this premium or to incur refinancing debt at high interest rates.
This could mean the bank would lose its primary revenue source, with the resultant stock overvaluation and share price decline.
The famous painter Paul Gauguin had been working as a stock broker until the crash; after that, he decided to dedicate himself to painting full-time.