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
48 Wall Street Broadway–Seventh Avenue Line. 48 Wall Street 48 Wall Street, known at one time as the Bank of New York Building was built in 1928 on land used by the bank since 1797, on the corner of Wall Street and William Street in New York City's Financial District. It is 156 m tall. In 2001 Rockefeller Group Business Center opened their offices within this historic building. Its former banking hall has been modified to house the Museum of American Finance, which moved there in October 2007. Immediately outside is the entrance for the Wall Street subway station (served by the )