"The Great Crash: 1929"

Paper Summary:

This paper takes a brief look at the book "The Great Crash: 1929" written by economist John Kenneth Galbraith. It explains how the American population was so shaken by the crash because their expectations of the economy had been so high and the shock was great.

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."

More papers on "The Great Crash: 1929":

• Analytical Essay # 5879 : "John Kenneth Galbraith's 'The Great Crash: 1929'"
• Book Review # 26303 : "The Great Crash 1929"
• Book Review # 108569 : "The Great Crash: 1929," by John Kenneth Galbraith"

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