Download or read book The Great Crash 1929 written by John Kenneth Galbraith and published by . This book was released on 1961 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Kenneth Galbraith's classic study of the Wall Street Crash of 1929.
Download or read book Six Days in October written by Karen Blumenthal and published by Simon and Schuster. This book was released on 2013-02-12 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over six terrifying, desperate days in October 1929, the fabulous fortune that Americans had built in stocks plunged with a fervor never seen before. At first, the drop seemed like a mistake, a mere glitch in the system. But as the decline gathered steam, so did the destruction. Over twenty-five billion dollars in individual wealth was lost, vanished, gone. People watched their dreams fade before their very eyes. Investing in the stock market would never be the same. Here, Wall Street Journal bureau chief Karen Blumenthal chronicles the six-day period that brought the country to its knees, from fascinating tales of key stock-market players, like Michael J. Meehan, an immigrant who started his career hustling cigars outside theaters and helped convince thousands to gamble their hard-earned money as never before, to riveting accounts of the power struggles between Wall Street and Washington, to poignant stories from those who lost their savings—and more—to the allure of stocks and the power of greed. For young readers living in an era of stock-market fascination, this engrossing account explains stock-market fundamentals while bringing to life the darkest days of the mammoth crash of 1929.
Download or read book Narrative Economics written by Robert J. Shiller and published by Princeton University Press. This book was released on 2020-09-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.
Download or read book Roll Jordan Roll written by Mrs Julia (Mood) Peterson and published by . This book was released on 1934 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Great Contraction 1929 1933 written by Milton Friedman and published by Princeton University Press. This book was released on 2012-12-27 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: Friedman and Schwartz's A Monetary History of the United States, 1867-1960, published in 1963, stands as one of the most influential economics books of the twentieth century. A landmark achievement, the book marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. The chapter entitled "The Great Contraction, 1929-33" addressed the central economic event of the century, the Great Depression. Published as a stand-alone paperback in 1965, The Great Contraction, 1929-1933 argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy--a concept that has come to inform the actions of central banks worldwide. This edition of the original text includes a new preface by Anna Jacobson Schwartz, as well as a new introduction by the economist Peter Bernstein. It also reprints comments from the current Federal Reserve chairman, Ben Bernanke, originally made on the occasion of Milton Friedman's 90th birthday, on the enduring influence of Friedman and Schwartz's work and vision.
Download or read book Lords of Finance written by Liaquat Ahamed and published by Penguin. This book was released on 2009 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that the stock market crash of 1929 and subsequent Depression occurred as a result of poor decisions on the part of four central bankers who jointly attempted to reconstruct international finance by reinstating the gold standard.
Download or read book Black Tuesday written by Barbara Silberdick Feinberg and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses events contributing to the stock market crash of 1929, the Great Depression that followed, and the steps that were taken to revive the nation.
Download or read book Gastonia 1929 written by John A. Salmond and published by UNC Press Books. This book was released on 2014-10-27 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of the wave of labor strikes that swept through the South in 1929, the one at the Loray Mill in Gastonia, North Carolina, is perhaps the best remembered. In Gastonia 1929 John Salmond provides the first detailed account of the complex events surrounding the strike at the largest textile mill in the Southeast. His compelling narrative unravels the confusing story of the shooting of the town's police chief, the trials of the alleged killers, the unsolved murder of striker Ella May Wiggins, and the strike leaders' conviction and subsequent flight to the Soviet Union. Describing the intensifying climate of violence in the region, Salmond presents the strike within the context of the southern vigilante tradition and as an important chapter in American economic and labor history in the years after World War I. He draws particular attention to the crucial role played by women as both supporters and leaders of the strike, and he highlights the importance of race and class issues in the unfolding of events.
Download or read book The World in Depression 1929 1939 written by Charles Poor Kindleberger and published by Univ of California Press. This book was released on 1986 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far."--John Kenneth Galbraith
Download or read book A Rabble of Dead Money written by Charles R. Morris and published by PublicAffairs. This book was released on 2017-03-07 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Crash of 1929 profoundly disrupted the United States' confident march toward becoming the world's superpower. The breakneck growth of 1920s America -- with its boom in automobiles, electricity, credit lines, radio, and movies -- certainly presaged a serious recession by the decade's end, but not a depression. The totality of the collapse shocked the nation, and its duration scarred generations to come. In this lucid and fast-paced account of the cataclysm, award-winning writer Charles R. Morris pulls together the intricate threads of policy, ideology, international hatreds, and sheer individual cantankerousness that finally pushed the world economy over the brink and into a depression. While Morris anchors his narrative in the United States, he also fully investigates the poisonous political atmosphere of postwar Europe to reveal how treacherous the environment of the global economy was. It took heroic financial mismanagement, a glut-induced global collapse in agricultural prices, and a self-inflicted crash in world trade to cause the Great Depression. Deeply researched and vividly told, A Rabble of Dead Money anatomizes history's greatest economic catastrophe -- while noting the uncanny echoes for the present.
Download or read book The Life and Letters of Walter H Page written by Burton Jesse Hendrick and published by . This book was released on 1922 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on the Great Depression written by Ben S. Bernanke and published by Princeton University Press. This book was released on 2009-01-10 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.
Download or read book Millions of Cats written by Wanda Gág and published by Putnam Publishing Group. This book was released on 1928 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can an old man and his wife select one cat from a choice of millions and trillions.
Download or read book Black Tuesday written by Charles River Charles River Editors and published by . This book was released on 2017-01-26 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: *Includes pictures *Includes accounts of the stock market crash written by newspapers and other contemporaries *Includes a bibliography for further reading *Includes a table of contents The Roaring Twenties were an age of optimism. New technology was being invented, and novel products were making their way to the store shelves. Americans believed that a new era, driven by technology, was upon them, and this optimism extended to financial markets. Investments especially soared in the bond market, where investors lent money to companies, and the stock market, where investors bought partial ownership of companies. During the 1920s, financiers believed that the economy would continue to boom, as it had been since the end of World War I. As a result, investors and financiers increasingly accepted lower and lower returns on money they lent. In the stock market, the result was much the same: stocks skyrocketed throughout the 1920s, led by new technology stocks, such as Radio Corporation of America, or RCA, which made radios and owned broadcasters. However, the rampant purchasing and rise in prices meant that stock prices soon bore little relationship to the underlying value of the businesses, because the prices were bid up by investors. Prior to 1920, few middle class Americans owned shares in the stock market, but as the prices of stocks grew, the enthusiasm for purchasing stocks grew as well. More middle class Americans purchased stocks in the 1920s than ever before. As stock prices rose throughout the 1920s, some economists believed that stock prices would never fall back to where they had been before World War I. Economist Irving Fisher famously said "Stock prices have reached what looks like a permanently high plateau." Some speculators even sought to capitalize on rising stock prices by borrowing money to buy stocks. Buying stocks with borrowed money had previously seemed very risky, because if the stock market declined, the speculator would be required to post additional collateral to back the loan. But with share prices continuously rising, buying with borrowed money seemed like a good way to make larger profits. However, during the fall of 1929, the stock market was becoming increasingly unstable. Prices would rise and fall rapidly, and some investors were becoming more cautious. Then, on October 24, 1929, the stock market lost 11% of its value right at the opening of the stock market. Panic ensued, but several prominent investment bankers were able to restore confidence by buying stocks well above the market rate. Investors were still extremely nervous, however, and when word of the panic spread over the weekend, investors flooded their brokers with sell orders for Monday morning. On Monday, October 28, the market fell almost 13%, earning it the moniker "Black Monday." The market fared no better the next day, falling nearly another 12% during what became known as "Black Tuesday." This time, efforts by wealthy investors, including members of the Rockefeller family and General Motors founder William C. Durant to restore confidence failed. Durant believed he could single-handedly restore confidence to the market by committing his whole fortune to buying stocks; instead, his business failed. Black Tuesday was a catastrophe the country wasn't ready for, and in fact, the market would not return to its 1929 peak until the 1950s. Black Tuesday is best remembered for investors and consumers making a run on banks that could not service everyone, and banks failed often during the Great Depression, due to bad loans and a lack of public confidence that produced further bank runs. The Federal Reserve was reluctant to backstop banks and protect them against bank runs, so banks were unable to borrow enough money to cover depositors' demands. When banks failed, depositors who couldn't get their money out of the bank were wiped out.
Download or read book Scarlet Sister Mary written by Julia Peterkin and published by Standard Ebooks. This book was released on 2024-10-15T15:48:10Z with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Set in the post-Civil War South on Blue Brook Plantation, Scarlet Sister Mary tells the story of Mary, a fifteen-year-old orphan girl in a close-knit Gullah community. As she prepares to marry the charismatic but unreliable July, Mary finds herself torn between tradition and her own desires. Love, community, and superstition intertwine as Mary learns who and what truly matter to her. Scarlet Sister Mary, written at the height of the Harlem Renaissance, is notable for its depiction of African-American life, particularly the Gullah people; and especially so because it was written by a white author, something very unusual for the era. It won Julia Peterkin the Pulitzer Prize for Fiction in 1929. The Pulitzer was not without controversy. The jury chair had spoken publicly of another candidate, Victim and Victor by John Rathbone Oliver, as his favorite for the prize, which was reported in Publishers’ Weekly as being the actual announcement of the winner. Shortly afterward, The New York Times published an article by the head of the Advisory Board refuting Publishers’ Weekly. Ultimately, the Advisory Board chose Scarlet Sister Mary as the winner and, subsequently, the jury chair resigned. Despite this, the novel remains a noteworthy part of the early 20th-century conversation on race and Southern literature. This book is part of the Standard Ebooks project, which produces free public domain ebooks.
Download or read book At the Price of the Republic written by James Ramon Felak and published by University of Pittsburgh Pre. This book was released on 2010-11-23 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Slovak nationalist sentiment has been a constant presence in the history of Czechoslovakia, coming to head in the torrent of nationalism that resulted in the dissolution of the Republic on January 1, 1993. James Felak examines a parallel episode in the 1930s with Slovak nationalists achieved autonomy for Slovakia-but "at the price" of the loss of East Central Europe's only parliamentary democracy and the strengthening of Nazi power. The tensions between Czechs and Slovaks date back to the creation of Czechoslovakia in 1918. Slovaks, who differed sharply in political tradition, social and economic development, and culture, and resented being governed by a centralized administration run from the Czech capital of Prague, formed the Slovak People's Party, led by Roman Catholic priest Ankrej Hlinka. Drawing heavily on Czech and Slovak archives, Felak provides a balanced history of the party, offering unprecedented insight into intraparty factionalism and behind-the-scenes maneuvering surrounding SSP's policy decisions.James R. Felak is associate professor of history at the University of Washington.
Download or read book 1929 written by William K. Klingaman and published by HarperCollins Publishers. This book was released on 1989 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author captures all the drama of the economic events and shows how the entire world was experiencing a year of crisis.
