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

Kian Tate

ISBN 10: 3565403705 / ISBN 13: 9783565403707

Published by epubli, 2026

About this Item

Fault Lines of a Fallen Market | Exploring Systemic Failures of the 1929 Crash | Kian Tate | Taschenbuch | Englisch | epubli | EAN 9783565403707 | Verantwortliche Person für die EU: Neopubli GmbH (Imprint: epubli), Köpenicker Str. 154a, 10997 Berlin, produktsicherheit[at]epubli[dot]com | Anbieter: preigu.

Seller Inventory # 135081489

Bibliographic Details

• Title: Fault Lines of a Fallen Market | Exploring Systemic Failures of the 1929 Crash
• Publisher: epubli
• Publication Date: 2026
• Language: English
• ISBN 10: 3565403705
• ISBN 13: 9783565403707
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 9W x 210H x 297D millimeters 9 millimeters width by 210 millimeters height by 297 millimeters depth
• Weight: 389 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

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.