The Great Crash 1929
HarperCollins, 2009 M09 10 - 224 pages
John Kenneth Galbraith's classic examination of the 1929 financial collapse.
Arguing that the 1929 stock market crash was precipitated by rampant speculation in the stock market, Galbraith notes that the common denominator of all speculative episodes is the belief of participants that they can become rich without work. It was Galbraith's belief that a good knowledge of what happened in 1929 was the best safeguard against its recurrence.
Atlantic Monthly wrote, "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."
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LibraryThing ReviewUser 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 ReviewUser 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