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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