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
William Street retaining wall replaced by a porphyry and sandstone wall with an elaborate cast iron railing and a small pissoir built into the wall at the Elizabeth Street end. In November 1888 the contract was awarded to EJ O'Connor, who in the previous year had stabilised the large porphyry retaining wall at Queen Street, Petrie Bight (the Petrie Bight Retaining Wall). Within five months O'Connor was contracted to excavate and reform William Street and build the retaining wall for £1431. By the time Cabinet first met in the new Treasury Building in 1889, the wall, railing and gas lamp in William Street were