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
14 Wall Street 14 Wall Street 14 Wall Street, originally the Bankers Trust Company Building, is a skyscraper at 14 Wall Street at the corner of Nassau Street and running through to Pine Street in the Financial District of Manhattan in New York City. It sits across Nassau Street from Federal Hall National Memorial, across Wall Street from the New York Stock Exchange and diagonally across from the original headquarters of J. P. Morgan & Company. It was built in 1910-12 and was designed by Trowbridge & Livingston in the neoclassical style as the headquarters for Bankers Trust. An addition with Art Deco