The Great Crash 1929
The Great Crash 1929 by John Kenneth Galbraith, published by Houghton Mifflin Harcourt in 2009, is a first edition that spans 206 pages. This book presents a thorough examination of the financial collapse of 1929, focusing on the rampant speculation that characterized the stock market leading up to the crash. Galbraith argues that the belief among participants that they could achieve wealth without effort was a common thread in speculative episodes, making this analysis relevant for understanding economic behaviors.
Readers will find a detailed exploration of the events surrounding the 1929 stock market crash, emphasizing the importance of historical knowledge as a safeguard against future financial crises. The book delves into themes of economic history and investments, providing insights into the dynamics of the financial community during this tumultuous period in the United States. Galbraith’s engaging prose offers a unique perspective on the errors and antics of the time, making this work a significant contribution to the study of economics and history.
Official synopsis Publisher
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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