Library/Business & Economics/1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation

Cover of 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation

1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation

Andrew Ross Sorkin

Sorkin retells the 1929 crash as a mix of leverage, speculation, institutional weakness, and the social consequences of financial collapse.

What stuck

  • Speculation gets most dangerous when it starts feeling normal.
  • Financial manias are social events as much as economic ones.