Crash!: How the Economic Boom and Bust of the 1920s Worked
Awards:   Winner of Branford Boase Award 2013.
Author:   Phillip G. Payne (St. Bonaventure University)
Publisher:   Johns Hopkins University Press
ISBN:  

9781421418551


Pages:   152
Publication Date:   26 January 2016
Recommended Age:   From 13
Format:   Hardback
Availability:   To order   Availability explained
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Crash!: How the Economic Boom and Bust of the 1920s Worked


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Awards

  • Winner of Branford Boase Award 2013.

Overview

Speculation - an economic reality for centuries-is a hallmark of the modern US 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 US history. Crash! explains how post-World 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.

Full Product Details

Author:   Phillip G. Payne (St. Bonaventure University)
Publisher:   Johns Hopkins University Press
Imprint:   Johns Hopkins University Press
Dimensions:   Width: 15.20cm , Height: 1.60cm , Length: 22.90cm
Weight:   0.318kg
ISBN:  

9781421418551


ISBN 10:   142141855
Pages:   152
Publication Date:   26 January 2016
Recommended Age:   From 13
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Preface Prologue 1. How in the 1920s the American Economy Promoted Speculation 2. How Business Culture Encouraged Consumer Spending 3. How the Market Grew Bullish 4. How the Economy Crashed 5. How the New Deal Changed the Financial Sector Epilogue Notes Suggested Further Reading Index

Reviews

Comparing favorably with works by John Kenneth Galbraith, Frederick Lewis Allen, and Maury Klein, Crash! is an invaluable resource for students of history as well as economics. Essential. * Choice * Payne does what he sets out to do and he is to be credited for such a readable book (indeed I read it twice!). * EH.Net *


Comparing favorably with works by John Kenneth Galbraith, Frederick Lewis Allen, and Maury Klein, Crash! is an invaluable resource for students of history as well as economics. Essential. Choice


Author Information

Phillip G. Payne is a professor of history at St. Bonaventure University. He is the author of Dead Last: The Public Memory of Warren G. Harding's Scandalous Legacy.

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