1929 Great Crash

Author: John Kenneth Galbraith (USA)
Publisher:
Publish Date: 2006-10-01
Features: From the thunderous history, seek the classics; from the coagulating classics, retrieve the path to the future! The "Hu'an Fund #8226; World Capital Classics Translation Series" aims to sift through the complexities of the past, uncovering gold, and with vivid language, allowing readers to immerse themselves in the ups and downs of the market, experiencing its storms and bloodshed. "War is deception." So is the market. "The supreme art of war is to subdue the enemy without fighting." Undoubtedly, this series of books helps readers dispel the mists of the past and discover wisdom and strategy that benefit the present. The September-October 1929 that triggered the U.S. stock market crash was described by later generations as "the day millions of millionaires were slaughtered" and "ate away the future." In the four years following the crisis, the U.S. GDP fell by 30%, investment dropped by 80%, and 15 million people lost their jobs. The famous American economist Galbraith wrote "The Great Crash of 1929," which comprehensively, systematically, and accurately reviews those suffocating days, aiming to "reveal the root of the problem and draw attention to its cure." Since its first publication in 1954, the book has been reprinted in 1955, 1961, 1972, 1979, 1988, and 1997, receiving widespread acclaim and becoming a highly representative work widely cited in academia and the securities investment field. U.S. "Fortune" magazine listed "The Great Crash of 1929" as the top choice among its recommended 75 must-read business books. The "St. Louis Post-Dispatch"《1929》 an extraordinary legendary economist's masterful analysis of the most unforgettable years in human economic history. The "Atlantic Monthly Review": "Economic articles rarely excel in entertainment value, but this book does. Galbraith's writing is elegant and witty, and humorously critiques the errors of certain financial thinkers and policies in this country." In the preface to the new edition written 40 years later, Galbraith examines the lessons of history and the consequences of blind optimism and power manipulation in the financial world from a fresh perspective.