The Causes of the 1929 Stock Market Crash: a Speculative Orgy or a New Era?
Annotation Refutes the myth that the stock market was overpriced in 1929 and offers an explanation for the crash with implications for the current era of unparalleled stock market gains. Annotation Attempting to reveal the real causes of the 1929 market crash, Bierman refutes the popular belief that wild speculation had excessively driven up stock market prices and resulted in the crash. Although he acknowledges some prices of stocks such as utilities and banks were overpriced, reasonable expl…
Read More ↓Title Statements
- Full title :The Causes of the 1929 Stock Market Crash : a Speculative Orgy or a New Era?.
Summary
Annotation Refutes the myth that the stock market was overpriced in 1929 and offers an explanation for the crash with implications for the current era of unparalleled stock market gains.
Annotation Attempting to reveal the real causes of the 1929 market crash, Bierman refutes the popular belief that wild speculation had excessively driven up stock market prices and resulted in the crash. Although he acknowledges some prices of stocks such as utilities and banks were overpriced, reasonable explanations exist for the level and increase of all other securities prices. Indeed, if stocks were overpriced in 1929, then they are even more overpriced in the current era of staggering growth in stock prices and investment in securities. The causes of the 1929 crash, Bierman argues, lie in an unfavorable decision by the Massachusetts Department of Public Utilities coupled with the popular practice known as debt leverage in the 1920s corporate and investment arena.
Edition Statements
- Publication Date:April 1998.
Publication Statements
- Publisher(s):ABC-CLIO, Incorporated Distributor, Greenwood Press Imprint, Greenwood Publishing Group, Incorporated
- Place of Publication:Portsmouth
- Language:eng
- Publication Date:April 1998.
The Physical Object
- Description:184 s. : : illustrations ; : 21. 600 x 14. 600 cm.
Edition Identifiers
- ISBN:9780313306297, 031330629X
- oclc:ocn760617597
- LC Classification:HB3717
- Dewey Decimal:338.5 4 097309043
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