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 terms. One needs to understand that they have a value system which is not only logical to them, but also reflective of North America's values of individual power, prestige, and social practices based on individualism. For example, throughout the 1940s and into the 1950s Manhattan was a "white-only" community. Within that time period, there was a lot of racial segregation. The values of America and the social practices were not like they are today, so African Americans were not within the Wall Street community. Many people associated with Wall Street have become famous; although in most cases their reputations are