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 Crash of 1929 wheat production. From 97¢ per bushel in May, the price of wheat rose to $1.49 in July. When it was seen that at this figure American farmers would get rather more for their smaller crop than for that of 1928, stocks went up again. In August, the wheat price fell when France and Italy were bragging of a magnificent harvest, and the situation in Australia improved. This sent a shiver through Wall Street and stock prices quickly dropped, but word of cheap stocks brought a fresh rush of "stags", amateur speculators and investors. Congress voted for a 100 million dollar