The Great Crash, 1929Houghton Mifflin Harcourt, 1997 - 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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American announced assets autumn of 1929 Babson bankers Blue Ridge boom borrow brokers capital cash cent Chase close collapse committee common stock depression dropped early economic effect enterprises Federal Reserve Bank Federal Reserve Board firm Florida Frederick Lewis Allen funds gain Goldman Sachs Goldman Sachs Trading Hatry holding companies Ibid income increase industrial interest investment trust investors Irving Fisher issue J. P. Morgan Kreuger later less leverage loans March margin calls market operations meeting ment million Mitchell months no-business November October October 24 organized panic points President Hoover prosperity Raskob reassurance Richard Whitney securities seemed sell Senate September shares Shenandoah short selling sold sound South Sea Bubble speculation Steel Stock Exchange Practices stock market crash suicide things ticker tion told twenties vestment trusts volume Washington week Wiggin York Federal Reserve York Stock Exchange