The Great Crash, 1929 (1954) (edit title/settings)

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“Box 29”

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“The book is not what i expected it to be. As an economist I expected more dept analysiy of why stock market colapsed then and the reasons behind it. ”

• Rated 4 stars

“It’s all been done before: easy money, rising enthusiasm, convenient confusion of luck with genius, increasing leverage, new financial instruments to create even more leverage, complexity, opacity, “sharp criticism of the prophets of doom,” falling demand, official claims that things are “fundamentally sound,” scrutiny of short selling, and so on, ending in the arrest of fraudulent operators and a (temporary) strengthening of regulatory oversight. (Knowing that this pattern recurs can be very profitable.)”

• Rated 4 stars

“Very interesting, especially considering the market events of the last two years. Written in 1954, this goes through the events that eventually led to the great depression. The lessons learned from those years would have been quite useful the past 10 years, such as "the market will not go up forever" and "companies that produce no products or profits are not good investments". There are a lot of interesting parallels with holding companies in the 20's and investment derivatives in the 2000's. Worth reading.”

• Rated 5 stars

“Re-reading in Ireland in 2009, was struck again and again by the similarities to our own current economic woes. All of the influences that were present for us in the 1990s were present also in the US in the 1920s - construction bubble, 'light' regulation, buying on margin, political clientelism to name just four. This book has not aged at all, and apart from being terrific on the economics of the crash, is a complete page turner of a read, which requires no prior knowledge of economic matters.”

• Rated 5 stars

“Bestes Buch über das Thema "Die große Depression".”

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“The non-fiction book discusses the Stock Market Crash and the effects on America. It sets up the scene for the Great Depression.”

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“detailed book with lots of financial jargon, I need to reread sections a few times as it got quite technical. but it gave all the infoneeded to figure out why the crash occurred”

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“Liked it. Surpisingly, never out of date. Very readable analysis of the stock crash of 1929 that marked the beginning of the great depression. Limited for the most part to what happened to the stock market that year and the individuals and institutions involved. ”

• Rated 5 stars

“An excellent observation as well as fantastic narration. That's John Kenneth Galbreath.”