The classic examination of the 1929 financial collapse, with an introduction by economist James K. Galbraith
Of John Kenneth Galbraith's The Great Crash 1929, the Atlantic Monthly said: "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." Originally published in 1955, Galbraith's book became an instant bestseller, and in the years since its release it has become the unparalleled point of reference for readers looking to understand American financial history."
"synopsis" may belong to another edition of this title.
Galbraith writes with great wit and erudition about the perilous actions of investors and the curious inaction of the government. 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. Of course, the 1920s were different from the 1990s. There was no safety net below citizens, no unemployment insurance or Social Security. And today we don't have the creepy investment trusts--in which shares of companies that held some stocks and bonds were sold for several times the assets' market value. But, boy, are the similarities spooky, particularly the prevailing trend at the time toward corporate mergers and industry consolidations--not to mention all the partially informed people who imagined themselves to be financial geniuses because the shares of stock they bought kept going up. --Lou Schuler, Amazon.com
"About this title" may belong to another edition of this title.
Shipping:
£ 3.61
Within U.S.A.
Book Description paperback. Condition: New. Seller Inventory # mon0000237720
Book Description Soft Cover. Condition: new. Seller Inventory # 9780547248165
Book Description Paperback or Softback. Condition: New. The Great Crash 1929 0.48. Book. Seller Inventory # BBS-9780547248165
Book Description Condition: New. Brand New! Not Overstocks or Low Quality Book Club Editions! Direct From the Publisher! We're not a giant, faceless warehouse organization! We're a small town bookstore that loves books and loves it's customers! Buy from Lakeside Books!. Seller Inventory # OTF-S-9780547248165
Book Description Condition: New. Seller Inventory # 6552166-n
Book Description Paperback. Condition: New. Brand New!. Seller Inventory # 0547248164
Book Description Paperback. Condition: New. Seller Inventory # BKZN9780547248165
Book Description Condition: New. Brand New. Seller Inventory # 0547248164
Book Description Condition: New. Buy with confidence! Book is in new, never-used condition. Seller Inventory # bk0547248164xvz189zvxnew
Book Description Condition: New. New! This book is in the same immaculate condition as when it was published. Seller Inventory # 353-0547248164-new