The Great Crash 1929 Book Review

It is often said that perception is more important than reality, but it is a view of the common stock market. The news that the stock price may be rising may stimulate purchasing motivation and hints that may be slipping may tempt people who sell it. In fact, no one really knows what will happen. It does not matter. John Kenneth Galbraith used the concept of speculation as the theme of 1929 book The Great Crash. The Galbraith market explanation before the crash focused on large-scale speculation for overestimated shares. This inevitably reversed the shares and utilized the wealth of shareholders to use it.

"Great Crash" in 1929 was a book by John Kenneth Galbraith published in 1954, which was the economic history before the Wall Street Crash in 1929. This book insists that stock market crash in 1929 was caused by stock market speculation, but the common point of all speculation is the participant's belief. They can get rich without work, the tendency to speculate repeatedly and carnival is useless, but it will cause serious damage to the economy. Galbraith believes that perfect understanding of what happened in 1929 is the best guarantee for its recurrence.

The stock market crash in 1929, also known as "Great Crush", fell sharply in 1929, leading to the Great Depression of the 1930s. The Great Depression lasted about 10 years and influenced industrialized industrialized countries and industrialized industrialized countries in many parts of the world. From the mid-1920s to the latter half, the US stock market expanded rapidly. Stock price continued to rise during the first six months since Herbert Hoover 's appointment in January 1929. In "Hooverbury Market", stock prices soared, masses ranging from banks and industry giants to drivers and chefs gathered at brokers to invest in saving surplus and securities and sell profits It was. Billions of dollars will enter Wall Street from the bank and get a broker loan to make a margin account. South Sea Bubbles and Mississippi Bubble Glasses came back