The Great Crash 1929 (Penguin Business) (English and Spanish Edition)

3.94 avg rating
( 3,779 ratings by Goodreads )
 
9780140136098: The Great Crash 1929 (Penguin Business) (English and Spanish Edition)
View all copies of this ISBN edition:
 
 

This work examines the 'gold-rush fantasy' in American psychology and describes its dire consequences. The Florida land boom, the operations of Insull, Kreuger and Hatry, and the Shandoah Corporation all come together in Galbraith's study of concerted human greed and folly.

"synopsis" may belong to another edition of this title.

Review:

Rampant speculation. Record trading volumes. Assets bought not because of their value but because the buyer believes he can sell them for more in a day or two, or an hour or two. Welcome to the late 1920s. There are obvious and absolute parallels to the great bull market of the late 1990s, writes Galbraith in a new introduction dated 1997. Of course, Galbraith notes, every financial bubble since 1929 has been compared to the Great Crash, which is why this book has never been out of print since it became a bestseller in 1955.

Galbraith writes with great wit and erudition about the perilous actions of investors, and the curious inaction of the government. He notes that the problem wasn't a scarcity of securities to buy and sell; "the ingenuity and zeal with which companies were devised in which securities might be sold was as remarkable as anything." Those words become strikingly relevant in light of revenue-negative start-up companies coming into the market each week in the 1990s, along with fragmented pieces of established companies, like real estate and bottling plants. Of course, the 1920s were different from the 1990s. There was no safety net below citizens, no unemployment insurance or Social Security. And today we don't have the creepy investment trusts--in which shares of companies that held some stocks and bonds were sold for several times the assets' market value. But, boy, are the similarities spooky, particularly the prevailing trend at the time toward corporate mergers and industry consolidations--not to mention all the partially informed people who imagined themselves to be financial geniuses because the shares of stock they bought kept going up. --Lou Schuler

Book Description:

Previous ISBN 978-0-395-85999-5

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9780547248165: The Great Crash 1929

Featured Edition

ISBN 10:  0547248164 ISBN 13:  9780547248165
Publisher: Mariner Books, 2009
Softcover

9780395139356: The Great Crash, 1929

Hought..., 1988
Hardcover

9780395859995: The Great Crash of 1929

Marine..., 1997
Softcover

9780395284209: The Great Crash: Anniversary Edition

Hought..., 1979
Hardcover

9780141038254: The Great Crash, 1929

Pengui..., 2009
Softcover

Top Search Results from the AbeBooks Marketplace

1.

Galbraith, John Kenneth
Published by Penguin Books Ltd
ISBN 10: 0140136096 ISBN 13: 9780140136098
New PAPERBACK Quantity Available: 1
Seller:
The Book Nerd
(Port chester, NY, U.S.A.)
Rating
[?]

Book Description Penguin Books Ltd. PAPERBACK. Condition: New. 0140136096. Seller Inventory # AX-2WKD-XV4W

More information about this seller | Contact this seller

Buy New
US$ 15.82
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

2.

Galbraith, John Kenneth
Published by Penguin Books Ltd (1992)
ISBN 10: 0140136096 ISBN 13: 9780140136098
New Paperback Quantity Available: 2
Seller:
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Penguin Books Ltd, 1992. Paperback. Condition: New. Never used!. Seller Inventory # P110140136096

More information about this seller | Contact this seller

Buy New
US$ 41.09
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

3.

Galbraith, John Kenneth; Galbraith, John Kenneth [Introduction]
Published by Penguin Books Ltd (1992)
ISBN 10: 0140136096 ISBN 13: 9780140136098
New Paperback Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Penguin Books Ltd, 1992. Paperback. Condition: New. Seller Inventory # DADAX0140136096

More information about this seller | Contact this seller

Buy New
US$ 42.95
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

4.

John Kenneth Galbraith
Published by Penguin Books Ltd (1992)
ISBN 10: 0140136096 ISBN 13: 9780140136098
New Softcover Quantity Available: 1
Seller:
Irish Booksellers
(Portland, ME, U.S.A.)
Rating
[?]

Book Description Penguin Books Ltd, 1992. Condition: New. book. Seller Inventory # M0140136096

More information about this seller | Contact this seller

Buy New
US$ 49.43
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

5.

Galbraith, John Kenneth
Published by Penguin Books Ltd
ISBN 10: 0140136096 ISBN 13: 9780140136098
New PAPERBACK Quantity Available: 1
Seller:
Cloud 9 Books
(Wellington, FL, U.S.A.)
Rating
[?]

Book Description Penguin Books Ltd. PAPERBACK. Condition: New. 0140136096 New Condition. Seller Inventory # NEW7.0961729

More information about this seller | Contact this seller

Buy New
US$ 59.99
Convert Currency

Add to Basket

Shipping: US$ 4.99
Within U.S.A.
Destination, Rates & Speeds