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
40 Wall Street ground for the pilot at the building's 58th story level. Parts of the aircraft and pieces of brick and mortar from the building fell into the street below, but there were no reported injuries to any of the estimated 2,000 workers in the building, nor anyone on the street. This crash at 40 Wall Street was the second of its kind in New York City's history, the first being when an Army B-25 bomber struck the 78th floor of the Empire State Building in July 1945. The cause of that crash was also fog and poor visibility. The 1946 accident