The Great Crash, 1929

Front Cover
Houghton Mifflin Harcourt, 1997 - Business & Economics - 206 pages
Of 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 - LibraryThing

This 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 - LibraryThing

Short 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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About the author (1997)

John Kenneth Galbraith who was born in 1908, is the Paul M. Warburg Professor of Economics Emeritus at Harvard University and a past president of the American Academy of Arts and Letters. He is the distinguished author of thirty-one books spanning three decades, including The Affluent Society, The Good Society, and The Great Crash. He has been awarded honorary degrees from Harvard, Oxford, the University of Paris, and Moscow University, and in 1997 he was inducted into the Order of Canada and received the Robert F. Kennedy Book Award for Lifetime Achievement. In 2000, at a White House ceremony, he was given the Presidential Medal of Freedom. He lives in Cambridge, Massachusetts.

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