Fault Lines of a Fallen Market : Exploring Systemic Failures of the 1929 Crash

Language: English

Published by Epubli, 2026

3565403705 / 9783565403707

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Druck auf Anfrage Neuware - Printed after ordering - The Wall Street Crash of 1929 was not a single catastrophic event - it was the visible rupture of a financial system riddled with structural fault lines that had been accumulating for years. By the time the Dow Jones Industrial Average fell nearly 13% on Black Monday, October 28, 1929, the conditions for collapse had long been in place: speculative excess, dangerously thin margin requirements of just 10%, fragile banking architecture, and a Federal Reserve that would prove fatally hesitant in its response.This book examines the 1929 crash not as a historical footnote but as a masterclass in systemic failure - the kind of cascading breakdown that occurs when financial interdependence is mistaken for financial strength. It traces the chain reactions that transformed a stock market correction into a decade-long global depression: the wave of bank failures triggered by margin calls that could not be repaid, the pyramid-like correspondent banking network that amplified risk across the entire system, raising systemic risk by 33% as roughly 9,000 banks failed, and the Federal Reserve's catastrophic decision to allow the money supply to contract by nearly 30% between 1930 and 1933. It examines the structural weaknesses identified by economist John Kenneth Galbraith - bad banking structure, foreign trade imbalances, rampant speculation, poor income distribution, and the fragility of holding companies - and how each interacted with the others to accelerate the downward spiral.…

Seller Inventory # 9783565403707

Title
Fault Lines of a Fallen Market : Exploring Systemic Failures of the 1929 Crash
Author
Kian Tate
Publisher
Epubli
Publication year
2026
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3565403705
ISBN 13
9783565403707
Item weight
452 grams
Dimensions
297x210x8 mm

AHA-BUCH GmbH

Einbeck, Germany

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AbeBooks seller since August 14, 2006

Shipping rates from Germany to U.S.A.

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