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The Great Crash 1929 John Kenneth Galbraith
Publisher: Houghton Mifflin Harcourt

If you did, what could you have found out? Smoot-Hawley did not cause the 1929 crash, but did contribute heavily to the mid-1930 crash. Galbraith writes well, and he writes particularly well on the subject of the Great Crash of 1929. Furthermore, the rate of increase in general government debt during the contraction from 1929 to 1933 (34.8%) was almost as great as its rate of increase during the expansion from 1933 to 1937 (36.2%). By: Jay Clowney Many factors contributed to the stock market crash of 1929. Massive land speculation, dramatic growth in margin lending, promotion of exotic investment structures by “trusted” investment bankers, promotion of tech stocks that reaches rampant levels. 1929 shows why he was one of the best explainers of economics ever known. About how they or others came to financial ruin in the bad old days of the Great Depression? Many of these factors were forming and active in the decades leading up to the crash. And finally, the rate of increase in nominal GDP was so great during 1933-37 that . FAIRLY SUBTITLED "the classic study of that disaster", Professor Galbraith's world-famous history of the Great Crash starting in Oct.