Download or read book The Role of Accounting in the Stock Market Crash of 1929 written by Gadis J. Dillon and published by . This book was released on 1984 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Role of Accounting in the Stock Market Crash of 1929 written by Gadis J. Dillon and published by . This book was released on 1977 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Role of the 1929 Stock Market Crash and other Factors that caused the Great Depression written by Dennis Sauert and published by GRIN Verlag. This book was released on 2010-09-23 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2009 in the subject Economics - History, grade: 1.3, Berlin School of Economics and Law, language: English, abstract: Within macroeconomics, economists agree that there were a number of contributing factors that led to the Great Depression. However, most of the discussion is about what was responsible for the depth and the length of this economic event. In the four years starting in the summer of 1929 until 1933,financial markets and institutions, labor markets as well as international currency and goods markets had stopped functioning and it seemed that economic and monetary policy remained helpless in that period. To analyze the Great Depression, Friedman and Schwartz supply one of the most critical but popular explanations. They focus on the monetary policy of the Federal Reserve System (hereinafter Fed) of the United States(hereinafter U.S.) since the Fed allowed a severe contraction in money supply in the period of 1929 – 1933, even though the Federal Reserve Act of 1913 delegated monetary actions by the Fed to avoid such monetary contraction. Friedman and Schwartz claim that the severeness of monetary contraction resulted from the Fed’s passive response to the banking panics in the 1930s when the public increased sharply its demand for currency. However, they admit that the Fed conducted a successful policy during most of the 1920s until a “shift in power within the system and the lack of understanding and experience of those individuals to whom the power shifted” occurred. Herein, they point to the death of Benjamin Strong the Governor of the New York Federal Reserve Bank who had the sagacity and leadership to take measures that would have avoided the Great Depression. Thus, they maintain that monetary contraction in the period of 1929 – 1933 induced the Great Depression due to a misguided policy by the Fed that was eventually in authority for the downturn in economic activity.

Download or read book The 1929 Stock Market Crash written by Marty Gitlin and published by ABDO. This book was released on 2008-01-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the 1929 Stock Market Crash and how that event has sculpted societies, the sciences, and politics.

Download or read book The Stock Market Crash of 1929 written by Gordon V. Axon and published by . This book was released on 1974 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a view of the shocking financial event in the history of the United States, and connects that event to the world of today.

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 The Great 1929 Stock Market Crash written by Doug West and published by . This book was released on 2020-06-25 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The decade after the First World War saw a period of growing prosperity and new freedoms for the average American. With help of clever bankers, brokers, and a supply of easy money the average man and woman found their path to wealth - the stock market. As moths are drawn to a flame, so were the gullible investors lured to the securities exchanges seeking to turn their pennies into dollars. For years the market just went up and up, and as the lyrics of the song of the time echoed, "Blue skies, Smiling at me, Nothing but blue skies, Do I see." By the end of the decade the cracks in the market and the teetering U.S. financial system would engulf the stock market, taking with it, billions of dollars and the hopes and dreams of so many Americans. As reported in the New York Times the crash came quickly, "It came with a speed and ferocity that left men dazed, The bottom simply fell out of the market..." Just as if a door closed and another one opened, America went from a time of exuberance to a time of despair - the Great Depression was unfolding, spreading misery in its wake. This is the story of the men and women that rode this wild stock market roller coaster and the changes that occurred in the market as a result.The book "The Great 1929 Stock Market Crash: A Short History" gives a concise look at the events leading up to the 1929 stock market crash and the aftermath. To illustrate the story there are numerous pictures of the people, places, and events that were part of this historic collapse. In addition the book contains: a list of reference books for further reading, a timeline of the market crash that puts the events and that period of history in sequence, and a section that contains short biographical sketches of the key individuals in the book. 30-Minute Book SeriesThis is the 46th book in the 30-Minute Book Series. Books in this series are fast-paced, accurate, and cover the story in as much detail as a short book possibly can. Most people complete each book in less than an hour, which makes the books in the series a perfect companion for your lunch hour, a school project, or a little down time

Download or read book The Great Stock Market Crash of 1929 written by Doug West and published by . This book was released on 2020-06-25 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The decade after the First World War saw a period of growing prosperity and new freedoms for the average American. With help of clever bankers, brokers, and a supply of easy money the average man and woman found their path to wealth - the stock market. As moths are drawn to a flame, so were the gullible investors lured to the securities exchanges seeking to turn their pennies into dollars. For years the market just went up and up, and as the lyrics of the song of the time echoed, "Blue skies, Smiling at me, Nothing but blue skies, Do I see." By the end of the decade the cracks in the market and the teetering U.S. financial system would engulf the stock market, taking with it, billions of dollars and the hopes and dreams of so many Americans. As reported in the New York Times the crash came quickly, "It came with a speed and ferocity that left men dazed, The bottom simply fell out of the market..." Just as if a door closed and another one opened, America went from a time of exuberance to a time of despair - the Great Depression was unfolding, spreading misery in its wake. This is the story of the men and women that rode this wild stock market roller coaster and the changes that occurred in the market as a result.The book "The Great 1929 Stock Market Crash: A Short History" gives a concise look at the events leading up to the 1929 stock market crash and the aftermath. To illustrate the story there are numerous pictures of the people, places, and events that were part of this historic collapse. In addition the book contains: a list of reference books for further reading, a timeline of the market crash that puts the events and that period of history in sequence, and a section that contains short biographical sketches of the key individuals in the book. 30-Minute Book SeriesThis is the 46th book in the 30-Minute Book Series. Books in this series are fast-paced, accurate, and cover the story in as much detail as a short book possibly can. Most people complete each book in less than an hour, which makes the books in the series a perfect companion for your lunch hour, a school project, or a little down time. About the AuthorDoug West is a retired engineer and an experienced non-fiction writer with several books to his credit. His writing interests are general, with special expertise in history, science, and biographies. Doug has a Ph.D. in General Engineering from Oklahoma State University.

Download or read book The Crash and Its Aftermath written by Barrie A. Wigmore and published by Bloomsbury Publishing USA. This book was released on 1985-12-23 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Crash and Its Aftermath is an excellent work of reference on the Great Contraction. It will be useful both to people with only a passing curiosity about the Crash and to those for whom the Great Depression is a major scholarly concern. Business History From now on any serious student of the Depression will be obliged to consult this work for a sense of securities price movements, investor attitudes, and relevant contemporary sources. Journal of Economic History This is the first book to focus on the broader structural changes which took place in the financial industry over the full period of decline from the Stock Market Crash in 1929 to the end of President Franklin D. Roosevelt's One Hundred Days in 1933. The basis for many of Wigmore's comments is an analysis of 142 leading companies whose stocks constituted approximately 77 percent of the market value of all New York Stock Exchange stocks. Wigmore also examines the various bond markets and relates the money market to the bond market, monetary policy, business conditions, and the problems of the banking system. Treating each year from 1929 to 1933 separately, Wigmore shows the interrelation between the stock, bond, and money markets and events in politics, the economy, international trade and finance, and monetary policy. The Statistical Appendix of 41 tables consolidates financial statistics which have hitherto been widely dispersed, permitting in-depth study.

Download or read book The Mind of Wall Street written by Leon Levy and published by PublicAffairs. This book was released on 2009-03-25 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: As stock prices and investor confidence have collapsed in the wake of Enron, WorldCom, and the dot-com crash, people want to know how this happened and how to make sense of the uncertain times to come. Into the breach comes one of Wall Street's legendary investors, Leon Levy, to explain why the market so often confounds us, and why those who ought to understand it tend to get chewed up and spat out. Levy, who pioneered many of the innovations and investment instruments that we now take for granted, has prospered in every market for the past fifty years, particularly in today's bear market. In The Mind of Wall Street he recounts stories of his successes and failures to illustrate how investor psychology and willful self-deception so often play critical roles in the process. Like his peers George Soros and Warren Buffett, Levy takes a long and broad view of the rhythms of the markets and the economy. He also offers a provocative analysis of the spectacular Internet bubble, showing that the market has not yet completely recovered from its bout of "irrational exuberance." The Mind of Wall Street is essential reading for all of us, whether we are active traders or simply modest contributors to our 401(k) plans, as volatile and unnerving markets come to define so much of our net worth.

Download or read book Accounting For Crises A Marxist History Of American Accounting Theory C 1929 2007 written by Rob Bryer and published by World Scientific. This book was released on 2023-07-07 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historians have not convincingly explained modern capitalism's two major economic crises, the Great Depression of the 1930s, and the Global Financial Crisis (GFC) of 2008-2009. Accounting for Crises offers a new explanation, why both began and were more severe in the USA ('America'), based on an accounting interpretation of Marx's theory of crises. It explains their origins in capitalists' control of accumulation, which reveals important overlooked roles for Irving Fisher's accounting theory. This theory, by allowing discretion in accounts, in the context of falling rates of profit, encouraged 'swindling', overstating reported profits, and understating their risk, which facilitated and aggravated both crises. Framed by Fisher's theory, during the 1920s American accounting theorists justified discretion, which Creating the 'Big Mess' (the companion volume) concluded it management used to conservatively smooth earnings. Accounting for Crises shows that Fisher's theory , also underlays the popular new theory of investment that justified valuing shares using reported earnings, which encouraged their manipulation and legitimized 'speculation'. This, it argues, underlays America's exceptional late-1920s stock market boom, the 1929 Great Crash, and the depth and length of its Great Depression. Prominently associated with the boom, Fisher became unpopular after the crash, his name disappearing from public debate. Nevertheless, the book concludes, his theory hindered economic recovery, weakened 1930s reforms, undermined accounting regulation from the late-1930s, and following his rehabilitation from the late-1950s, underlies the Financial Accounting Standards Board's conceptual framework, which by allowing off-balance-sheet accounting for securitization-SPEs, fostered the 2007 'credit crunch' that triggered the 2008-2009 Global Financial Crisis (GFC).

Download or read book The Great Crash of 1929 written by A. Kabiri and published by Springer. This book was released on 2014-11-25 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the American stock market boom and bust of the 1920s is vital for formulating policies to combat the potentially deleterious effects of busts on the economy. Using new data, Kabiri explains what led to the 1920s stock market boom and 1929 crash and looks at whether 1929 was a bubble or not and whether it could have been anticipated.

Download or read book The Great Crash written by Selwyn Parker and published by Piatkus. This book was released on 2010-09-02 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the story of the financial cataclysm that started with the Wall Street stock market crash of 1929, and set in motion a series of economic, political and social events that affected many millions of people in America, Britain, Europe and Australia. The Crash rolled across the world like a tidal wave, toppling governments, spreading the wave of dictatorships in Italy and Germany, infecting entire industries and plunging millions into unemployment and poverty. By the time it began to lift in 1935, the lives of people in scores of countries had changed forever. Selwyn Parker's book also poses the question: could it happen again?

Download or read book The Stock Market Crash of 1929 written by Mary Gow and published by Enslow Publishing. This book was released on 2003 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The day of October 24, 1929, will be forever remembered as "Black Thursday." On this day, stock prices plummeted. By the following Tuesday, Wall Street had suffered the worst stock market crash in history, changing the lives of millions of Americans. Fortunes and life savings were wiped out. People's confidence in business was shattered. After the crash, weaknesses that were already present in the U. S. economy raced out of control. Unemployment soared. Factories and stores closed. Poverty and despair settled over millions of Americans. The stock market crash of 1929 marked the end of a decade of prosperity as the nation found itself swept into the Great Depression. In The Stock Market Crash of 1929: Dawn of the Great Depression, author Mary Gow captures this important period in U. S. history through firsthand accounts and quotes. Also examined are subsequent economic crises, up to the present day. Book jacket.

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 Black Tuesday written by Charles River Charles River Editors and published by CreateSpace. This book was released on 2015-02-09 with total page 42 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 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.