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 the financial market is volatile in conjunction with the existence of job insecurity, Wall Street workers are compensated through their salaries. In Situating Global Capitalisms: A View from Wall Street Investment Bankers by Karen Ho, she interviews a banker who believes that working for Wall Street puts them at the top of the hierarchal ladder in society. The banker feels that everything goes through Wall Street, in terms of loans, investments, change or growth. From his point of view, Wall Street values are embedded in power. Similarly to Sjöberg's article, The Wall Street Culture, she states that as she was