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
Wall Street investors take on a role that has already been established for them. It is both appropriate and fitting to call Wall Street a culture because of the system of values and practices it holds onto. Moreover, anthropological insight can help improve the general public's understanding of Wall Street and in turn allow the public to appreciate the culture of Wall Street which is both logical and sensible to the workers themselves. Professor Katarina Sjöberg argues in "The Wall Street Culture" that within the media negative images of Wall Street are painted in terms of the district's market falls, money losses