10 of 10 people found the following review helpful
Entertaining, Solid write up of the 1929 crash,
This review is from: The Great Crash 1929 (Penguin Business) (Paperback)This is a surprisingly good reference on the 1929 crash. The book is very readable considering the subject matter. For me the run up to the crash got a bit too much detail whereas the details of aftermath and solutions got less attention than I would have liked. He also focuses on trivia about suicide rates which is quite entertaining but doesn't seem to the point (which for me is to understand and avoid these kind of wild crashes).
We seem to have duplicated the conditions of this crash almost exactly in 2008 and indulged in the same property and derivative based speculation. It's also interesting that JK Galbraith goes against current (neo-liberal) orthodoxy e.g. the rich having too much money is destabilising rather than it being a benefit as 'trickle down' theory suggests.
So a good solid history, perhaps a little light on solutions. But, by ignoring history we seem to have repeated it.