The Great Crash, 1929Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said: "Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community. |
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LibraryThing Review
User Review - EricCostello - LibraryThingThis was a re-re-reading of the book. The positives of the book are a cogent analysis (toward the end) of the factors that could have led to the 1929 stock market crash, including problems with supply ... Read full review
LibraryThing Review
User Review - breic - LibraryThingShort and interesting story, focused on the stock market boom and crash. He tries to understand the reasons for both, but maybe there are not enough comparisons to other speculative booms for his ... Read full review
Contents
Something Should Be Done? | 24 |
In Goldman Sachs We Trust | 43 |
Things Become More Serious | 108 |
Aftermath I | 128 |
Aftermath II | 144 |
Cause and Consequence | 168 |
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Common terms and phrases
action American announced authority bankers banks became become believe better Board boom brokers called capital caused cent close collapse committee common stock continued Corporation crash depression dropped early economic effect fact fall Federal Reserve Federal Reserve Board firm funds further gain Goldman holding Hoover important income increase industrial interest investment trust issue later least less loans March margin meeting million Mitchell months never noted November October October 24 once opened operations orders organized perhaps period points Practices President production reached reasons remained Report Reserve Bank result rich Sachs securities seemed sell Senate September shares short showed sold sound speculation stock market summer things thought tion told trading turn twenties United volume Wall Street Washington week Whitney York York Stock Exchange