The Great Crash 1929
by John Kenneth Galbraith

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Review

      

     This book starts by setting the scene years before the stock market crash.  The background, including key players and events, is thoroughly discussed.  Piece by piece, the economic atmosphere of the time grows clearer.  Businessmen lied about the stability of the stock market to increase their own profits.  People who tried to denounce the high rates of borrowing and speculation were practically considered traitors.  Even after the crash, people did not accept the economic severity of this event.  People who pulled their money out in time put it right back in a few days later, losing everything in the pursuit of "bargains."  This book offers a detailed description and analysis of the stock market crash, clears the name of the Federal Reserve, and lays the blame on businessmen who were unwilling to face the truth.




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