Author: John Kenneth Galbraith
Publisher: Houghton Mifflin Company
Year Printed: 1955
Edition: Second
Condition: Fine
Pages: 212
Height: 8.25 inches
Width: 5.75 inches
Red Hardcover - 5 3/4"x8 1/2" See QFinance review.
Entertaining account of the market mania and resulting historic crash of 1929.
Tells a relevant and timely story of over-investment and market frenzy, and why financial bubbles since then have always been compared to the Great Crash.
Traces the market fluctuations of the time, showing how the crash evolved and helped ignite a full economic depression.
“As a protection against financial illusion or insanity, memory is far better than law.”
“A roaring boom was in progress in the stock market and, like all booms, it had to end.”
“But now, as throughout history, financial capacity and political perspicacity are inversely correlated.”