Book Reviews · History · Non Fiction

The Great Crash of 1929

The Great Crash of 1929The Great Crash of 1929 by John Kenneth Galbraith

My rating: 3 of 5 stars

“The Great Crash of 1929” has been seating on my “to be read” shelf for ages, and I finally gave it a chance. In the past couple of years, I came across many books/articles/stories/movies that at some degree evolved around the big financial crash of 1929, therefore I wanted to dig a bit dipper to fully understand the history of the big misfortune and learn the reasons that lead to the atrocious tragedy and effected many lives and lasted for almost a decade.

I was expecting the book to be written in chronological order, instead, it jumped back and forth between years/decades and overwhelmed me with all the details and facts about the stock exchange that I was not familiar with. Nevertheless, the novel has provided a lot of info that summarized the history of the big stock market crash and provided detailed explanations to the reasons that lead to it:

1. The bad distribution of income
2. The bad corporate structure
3. The bad banking structure
4. The dubious state of the foreign balance
5. The poor state of economic intelligence

This is an old edition of the book, that has been written and publishes decades ago, regardless, it contains the historical events and facts about the largest stock market crash.

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