Summary for The Great Crash 1929
The Great Crash 1929 examines the causes, effects, aftermath and long-term consequences of America’s infamous financial meltdown, showing how rampant speculation and blind optimism sustained a market mania and led to its terrible downward spiral. Galbraith also describes the people and the corporations at the heart of the financial community and how they were affected by the disaster. With its depiction of the ‘gold-rush fantasy’ ingrained in America’s psychology, this penetrating study of human greed and folly contains lessons that are still vital today – and are now more relevant than ever.
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