Crash!
eBook - ePub

Crash!

How the Economic Boom and Bust of the 1920s Worked

  1. English
  2. ePUB (mobile friendly)
  3. Available on iOS & Android
eBook - ePub

Crash!

How the Economic Boom and Bust of the 1920s Worked

About this book

The irrationally exuberant highs and lows of the 1920s can help students recognize boom and bust cycles past, present, and future.

Speculation—an economic reality for centuries—is a hallmark of the modern U.S. economy. But how does speculation work? Is it really caused, as some insist, by popular delusions and the madness of crowds, or do failed regulations play a greater part? And why is it that investors never seem to learn the lessons of past speculative bubbles? Crash! explores these questions by examining the rise and fall of the American economy in the 1920s.

Phillip G. Payne frames the story of the 1929 stock market crash within the booming New Era economy of the 1920s and the bust of the Great Depression. Taking into account the emotional drivers of the consumer market, he offers a clear, concise explanation of speculation's complex role in creating one of the greatest financial panics in U. S. history.

Crash! explains how postWorld War I changes in the global financial markets transformed the world economy, examines the role of boosters and politicians in promoting speculation, and describes in detail the disastrous aftermath of the 1929 panic. Payne's book will help students recognize the telltale signs of bubbles and busts, so that they may become savvier consumers and investors.

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Yes, you can access Crash! by Phillip G. Payne in PDF and/or ePUB format, as well as other popular books in History & Government & Business. We have over one million books available in our catalogue for you to explore.

Information

Table of contents

  1. Cover Page
  2. Title Page
  3. Copyright Page
  4. Contents
  5. Preface
  6. Prologue: How Panic Spreads
  7. 1 How in the 1920s the American Economy Promoted Speculation
  8. 2 How Business Culture Encouraged Consumer Spending
  9. 3 How the Market Grew Bullish
  10. 4 How the Economy Crashed
  11. 5 How the New Deal Changed the Financial Sector
  12. Epilogue: How This Time Is (Not) Different
  13. Note
  14. Suggested Further Reading
  15. Index