The Great Crash, 1929 The Great Crash, 1929 The Great Crash, 1929 is a book written by John Kenneth Galbraith and published in 1955; it is an economic history of the lead-up to the Wall Street Crash of 1929. The book argues that the 1929 stock market crash was precipitated by rampant speculation in the stock market, that the common denominator of all speculative episodes is the belief of participants that they can become rich without work and that the tendency towards recurrent speculative orgy serves no useful purpose, but rather is deeply damaging to an economy. It was Galbraith's belief that a good
Wall Street continue to learn more about Wall Street, we learn about each independent banker. As the banker brings their life experiences into the business, we can see the reasons for their actions. Each investor has a unique identity which contributes to the culture of Wall Street. Ideally, they live in the moment. However, job insecurity and the volatile nature of the market creates a constant state of fear within the investor. Therefore, they must organize themselves and follow a pattern to ensure security, profit and prosperity for the long run. Karen Ho wishes for us to see Wall Street through the