Very interesting I learned uite a few details that I never knew I loved reading about the time frame this author focuses *On A Well Done Book *a well done book saw it tucked into a library shelf and I am lad I picked it up This didn t really answer any uestions so much as ive a rundown of what happened during the Crash I learned a lot of things that I didn t know before but I Didn T Necessarily Learn The t necessarily learn the I wanted to The one unsettling thing that I definitely did pick up is that this could definitely happen again Creepy Seems FamiliarThe way the author set the table was incredible And he personalized it from the perspective of several individuals high and low in the food chain I never understood that the depression was a slow stone rolling Not entirely a drop off the shelf one uncertain day In that era America suffered three existential threats economic environmental and psychological I don t know about you dear readers but I would not want to face down any kind of such a threat at this point in time The ending would completely different I m certain of it Read it to et an understanding of the mood of people banks and institutions before during and after the crash A lot of time spent laying out the landscape but not much into the downfall A description of the country s condition at the time of the stock market crash of 1929 and it s aftermath There have been many books written on the subject This is a very readable book A book everyone should read It outlines how Black Tuesday happened and how the market fell causing one of the longest and deepest market Depressions in American history It is also a The Prodigal Prophet: Jonah and the Mystery of God's Mercy great precautionary history of what could happen again to the World Economy if. Rainbow's End tells the story of the stock market collapse in a colorful swift moving narrative that blends a vivid portrait of the 1920s with an intenselyripping account of Wall Street's reatest catastrophe The book offers a vibrant picture of a world full of plungers powerful bankers corporate titans millionaire brokers and buoyantly optimistic stock market bulls We meet Sunshine Charley Mitchell head of the Nation. Tempts to convey a sense of the interplay between the shifting mood of Americans and the key events that influenced them in this way can one begin to comprehend what was involved in this pivotal moment Sounds intriguing Unfortunately his argument isn t at all persuasiveInstead of revealing clear *cause and effect relationships between cultural phenomena and market trends Klein ives us over 200 pages of social *and effect relationships between cultural phenomena and market trends Klein ives us over 200 pages of social and biography which interesting as pole sitting the founding of GM and the scandalous adventures of Aimee Semple McPherson may
be are neverare never tied to the pivotal moment of the market s first stumble The crash itself doesn t occur until two thirds of the way through the book and is over within a few pages I was left feeling as bewildered about what just happened as any trader on the floor must have felt on Black Thursday The last two chapters wander off into the 1930s tracing some of the overnment s attempts to slow the country s descent into the Great Depression I Ramp Rats: A Graphic Guide Adventure got to the last page expecting to find a chapter that would some how tie all his information together offering some sort of conclusion But instead when I turned the page all I found were the notes and bibliography Oh Maury you ve fallen far short of your promise to explain the Crash in terms of American s preoccupation with fads advertising and proto televangelismSo maybe Kiplingerot it right 80 years ago maybe nobody will ever really know what let loose that first disastrous sell off Better though to admit that you don t really have the answer than to drag your readers through nearly 300 pages of rehashed social history and then sneak out the back door leaving your My Name is Abu Salem guests bemused and befuddle. In October 1929 came a perfect storm like convergence of factors that shook Wall Street to its foundations We relive Black Thursday when police lined Wall Street brokersrew hysterical customers bellowed like lunatics and the ticker tape fell hours behindThis compelling history of the Crash the first to follow the market closely for the two years leading up to the disaster illuminates a major turning point in our histo.
Maury Klein ´ 7 SummaryThe current administration continues to dismantle the safety net and regulations in placeIt is a compelling read of how everyone was encouraged to invest in Wall Street as the market kept rising then when a correction occurred it scared everyone and forced banks to call kept rising then when a correction occurred it scared everyone and forced banks to call loans it had that were based on the stocks themselves and then went under when they couldn t recover enough money to pay their depositors when they needed their money A ood book on the Crash of 1929 More history than economics but with depth into the characters of the time than Galbraith s Hoover has one up somewhat in my estimation on reading this although his inability to see the seriousness of the situation post April 1930 is unforgivable This The amazing lesson from this depression is that no one knows much about the real causes and effect of ANYTHING W W Kiplinger 1929What caused the Great Crash of 1929 That s what I ve been trying to figure out the last few weeks Stocks were over valued but there wasn t a typical bubble that suddenly burst sending the markets spiraling downward Certainly fear turned to panic selling forced the markets abruptly down during the last
Weeks Of October But Whatof October But what the first massive wave of selling Who pulled the carpet out from under Wall Street and *how Turns out that no one may ever be able to put a thumb on the *Turns out that no one may ever be able to put a thumb on the cause Henry Ford curtly said the crash was due to a serious withdrawal of brains from business Klein offers a much ambitious explanation He argues that the market s crashing was due to a perfect storm created by several small marginally interrelated cultural and economic factors that all contributed to creating the Spitting Daisies Communicating Through the Sunset great market meltdown He at. Al City Bank powerful financiers Jack Morgan and Jacob Schiff Wall Street manipulators such as the legendary Jesse Liver and the lavish living Billy Durant founder of General Motors As Klein follows the careers of these men he shows us how the financial house of cardsradually rew taller as the irrational exuberance of an earlier age ripped America and convinced us that the market would continue to rise forever Then.