16 October 2008

The Great Crash, 1929, by John Kenneth Galbraith

The Great Crash, 1929A topical read of the seminal work on the 1929 crash written in a lively & engaging style. It describes the gathering sense of foreboding followed by the panic of the collapse that occurred in the Autumn of 1929. It puts the crash into the context of the wider American economy & society, describing the people it affected, directly & indirectly, & it also touches on the crash's influence on the Depression that followed it. Understandably quite a lot of technical economic information & terms, some of which went over my head, although the author does a decent job at describing them. The book obviously describes events that occurred nearly 80 years ago but it's arguably never been more relevant in these volatile times, & some of the parallels with now are quite hair-raising!
3/5

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