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
The Wall Street Transcript From the late 1960s through late 1970s, Holman was involved in a series of court cases with the U.S. Securities and Exchange Commission (S.E.C.), focused around whether the "Wall Street Transcript" published investment news or investment advice. The case ultimately ended in 1978 with "S.E.C. v. Wall Street Transcript", in which the publication was determined to be a legitimate news organization and not an investment adviser. Holman was born in New York City, son of former New York state assemblyman Abraham Goodman. He graduated from Cornell University and served in the Army during World War II in Japan and the