1929: Inside the Greatest Crash in Wall Street History, and How It Shattered a Nation by Andrew Ross Sorkin is an engrossing, thoroughly researched history of the stock market crash that precipitated the Great Depression.
The best-selling author of Too Big to Fail is taking readers behind the headlines into the world of financiers, risk-takers, and political leaders who thought the boom would never end until it did.
Based on newly discovered documents and historical background, Sorkin uncovers how unchecked optimism, power struggles, and warnings ignored contributed to one of the most catastrophic economic collapses in history.
The book makes good comparisons with markets today, showing how cycles of speculation and trust continue to repeat themselves.
With dramatic storytelling and an acute sense of human drama, Sorkin relates the crash not simply as an economic event but as a national inflection point that reshaped American society and policy.
1929 has important lessons to teach us about the perils of thinking “this time it’s different”, and why understanding risks in advance of the fall is key to avoiding future crises.
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