eBook - PDF

The Causes of the 1929 Stock Market Crash

Name: The Causes of the 1929 Stock Market Crash
ISBN: 9780313007996

A Speculative Orgy or a New Era?

Harold Bierman Jr.,

184 pages
English
PDF
Available on iOS & Android

eBook - PDF

The Causes of the 1929 Stock Market Crash

A Speculative Orgy or a New Era?

Harold Bierman Jr.,

About this book

Attempting to reveal the real causes of the 1929 stock market crash, Bierman refutes the popular belief that wild speculation had excessively driven up stock market prices and resulted in the crash. Although he acknowledges some prices of stocks such as utilities and banks were overprices, reasonable explanations exist for the level and increase of all other securities stock prices. Indeed, if stocks were overpriced in 1929, then they more even more overpriced in the current era of staggering growth in stock prices and investment in securities. The causes of the 1929 crash, Bierman argues, lie in an unfavorable decision by the Massachusetts Department of Public Utilities coupled with the popular practice known as debt leverage in the 1920s corporate and investment arena. This book extends Bierman's argument in an earlier book, The Great Myths of 1929 and the Lessons to Be Learned (Greenwood, 1991), in which he discussed and refuted seven myths about 1929 but could not explain the crash. He now believes he has a reasonable explanation. He also examines the actions of Charles E. Mitchell and Sam Insull and their subsequent unjust criminal prosecution after the crash of the 1929 stock market.

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Yes, you can access The Causes of the 1929 Stock Market Crash by Harold Bierman Jr. in PDF and/or ePUB format, as well as other popular books in Economics & Business General. We have over one million books available in our catalogue for you to explore.