Paper Summary:

This paper studies the possible reasons for the stock market crash in 1929. It examines John Kenneth Galbraith's book 'The Great Crash: 1929' which claims that the reason for the Great Crash was the over-zealousness and miscalculations of financial analysts and brokers at the time. It discusses how the basis economic theories were suddenly irrelevant afterward. Finally, it blames the stock market crash on investors that did not want to see the reality.

From the Paper:

"John Kenneth Galbraith's book "The Great Crash: 1929 claims that the depression of 1929 was a direct result of the miscalculations of the financial analysts and the other brokers which caused the crash of the stocks. He states that these actors of the economic field had a direct involvement in the stock market and had become too greedy to actually see what was happening to the market around them---too greedy to actually fear the recuperation's of what was easily predictable as the downfall."

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