The Great Crash 1929
| Author | : | |
| Rating | : | 4.83 (637 Votes) |
| Asin | : | 0547248164 |
| Format Type | : | paperback |
| Number of Pages | : | 224 Pages |
| Publish Date | : | 2017-09-28 |
| Language | : | English |
DESCRIPTION:
Great introduction to a very turbulent and complex time in US economic history. Boston suburban dweller Wonderful read. JKG is a great writer, and keeps the story going through what could be labor-some or dry economic topics. Best audience is someone interested in markets & willing to think along the way. It's not a thriller or such, where you just sit back and read. JKG likely does not get "passive" or inattentive readers. If you want to gain a perspective on what happened in 1929, you'll need to read many, many books to gain a full understanding. . Fantastic book C. Eldredge This book is an extremely clear account of the stock market bubble and disastrous crash of the late 1920s. I have read quite a few financial histories, and they are often quite difficult going. However, Mr. Galbraith's account is a pleasure to read, not least because of his very dry wit. The major drawback to the book is that despite the fact that it has been continuously in print since 1955, we have kept on falling into the same trap over and ove. Must read I've just read this book for the third time in the last 30 years. It is eerily relevant to understanding the financial markets, including the post-bubble declines after 2000 and 2007, as it is 1929 and the years immediately after. Also, it is the opposite of dry reading. Enjoyable, understandable, and enlightening. You won't regret reading it.
Galbraith was the receipient of the Order of Canada and the Robert F. John Kenneth Galbraith (1908-2006) was a critically acclaimed author and one of America's foremost economists. Kennedy Book Award for Lifetime Achievement, and he was twice awarded the Presidential Medal of Freedom.. His most famous works include The Affluent Society, The Good Society, and The Great Crash
--Lou Schuler. There are obvious and absolute parallels to the great bull market of the late 1990s, writes Galbraith in a new introduction dated 1997. He notes that the problem wasn't a scarcity of securities to buy and sell; "the ingenuity and zeal with which companies were devised in which securities might be sold was as remarkable as anything." Those words become strikingly relevant in light of revenue-negative start-up companies coming into the market each week in the 1990s, along with fragmented pieces of established companies, like real estate and bottling plants. Assets bought not because of their value but because the buyer believes he can sell them for more in a day or two, or an hour or two. Ramp
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.. 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