The Great Crash of 1929

John Kenneth Galbraith

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Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said:"Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community.

Widely and admiringly reviewed as a bestseller in 1955, John Galbraith's "skilled chronicle and analysis of the causes of that most memorable year in our economic history, 1929, " (St. Louis Post-Dispatch) put the past in perspective. Now with a new introduction, it has become even more timely in the aftermath of the 1987 stock market crash and the 2008 economic meltdown.

John Kenneth Galbraith (October 15, 1908–April 29, 2006) was the Paul M. Warburg Professor of Economics Emeritus at Harvard University and a past president of the American Academy of Arts and Letters. He is the distinguished author of thirty-one books spanning three decades, including The Affluent Society, The Good Society, and The Great Crash. He has been awarded honorary degrees from Harvard, Oxford, the University of Paris, and Moscow University, and in 1997 he was inducted into the Order of Canada and received the Robert F. Kennedy Book Award for Lifetime Achievement. In 2000, at a White House ceremony, he was given the Presidential Medal of Freedom. He lived in Cambridge, Massachusetts.

	Introduction
	A Note on Sources
1	"Vision and Boundless Hope and Optimism"	1
2	Something Should Be Done?	24
3	In Goldman, Sachs We Trust	43
4	The Twilight of Illusion	66
5	The Crash	88
6	Things Become More Serious	108
7	Aftermath I	128
8	Aftermath II	144
9	Cause and Consequence	168
	Index	197

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