The Great Crash, 1929

The Great Crash, 1929 by John Kenneth Galbraith, published by Penguin in 2009, offers a detailed examination of the financial turmoil that characterized the year 1929. This edition, originally copyrighted in 1962, spans 222 pages and is presented in English. Galbraith explores the psychological aspects of the era, particularly the ‘gold rush fantasy’ that influenced American behavior and decision-making, leading to significant economic consequences.

Readers will find a thorough analysis of various events and figures that contributed to the financial crisis, including the Florida land boom and notable individuals such as Insull, Kreuger, and Hatry. The book presents a blend of economic history and human drama, illustrating the interplay between greed and folly during this pivotal moment in U.S. history. Through a readable and engaging narrative, Galbraith sheds light on the complexities of investments and securities, making this work a significant contribution to the understanding of 20th-century economic events.