The Great Crash, 1929 crash described by Galbraith and the crash occurring in the Late 2000s recession. Revised editions of the book, each time with updated research and a more timely version of the introduction, were published in 1961, 1972, 1988, 1997 and 2009. Galbraith, J.K, "The Great Crash" 1929, Pelican, 1961 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
Wall Street officers managing risk and compliance functions earned as much as $324,000 annually in New York City in 2013. On October 29, 2012,—ironically, the 83rd anniversary of "Black Tuesday," the culmination of the disastrous Wall Street Crash of 1929—Wall Street was disrupted when New York and New Jersey, an area not normally known as a hotbed of hurricane activity the way that areas much further south are, were blasted by Hurricane Sandy. Its 14-foot-high storm surge, a local record, caused massive street flooding in many parts of Lower Manhattan. Power to the area was knocked out by a transformer explosion at