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Contributions in Economics and Economic History Ser.: Causes of the 1929 Stock Market Crash : A Speculative Orgy or a New Era? by Harold Bierman Jr. (1998, Hardcover)
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About this product
Product Identifiers
PublisherBloomsbury Publishing USA
ISBN-10031330629X
ISBN-139780313306297
eBay Product ID (ePID)23038304345
Product Key Features
Number of Pages184 Pages
LanguageEnglish
Publication NameCauses of the 1929 Stock Market Crash : a Speculative Orgy or a New Era?
SubjectEconomic History, General, Investments & Securities / Stocks, Investments & Securities / General
Publication Year1998
TypeTextbook
AuthorHarold Bierman Jr.
Subject AreaBusiness & Economics
SeriesContributions in Economics and Economic History Ser.
FormatHardcover
Dimensions
Item Height0.4 in
Item Weight12.7 Oz
Item Length8.5 in
Item Width5.5 in
Additional Product Features
Intended AudienceCollege Audience
LCCN97-032007
Reviews"For economic history collections serving general readers and upper-division undergraduate through professional audiences."- Choice, "For economic history collections serving general readers and upper-division undergraduate through professional audiences." Choice
Dewey Edition21
TitleLeadingThe
Series Volume NumberVol. 195
Number of Volumes1 vol.
IllustratedYes
Dewey Decimal338.5/4/097309043
Table Of ContentPreface Was the Stock Market Too High? The Hatry Case and the 1929 Stock Market Crash The Attempts to Stop the Speculators The Week of March 25, 1929 Significant News and Dates in the Month of October 1929 Investment Trusts and Margin Buying The Public Utility Sector The Accused An Overview of the Causes of the Crash The 1929 Market and the 1990s Bibliography Index
SynopsisAttempting to reveal the real causes of the 1929 stock 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 overprices, reasonable explanations exist for the level and increase of all other securities stock prices. Indeed, if stocks were overpriced in 1929, then they more 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. This book extends Bierman's argument in an earlier book, The Great Myths of 1929 and the Lessons to Be Learned (Greenwood, 1991), in which he discussed and refuted seven myths about 1929 but could not explain the crash. He now believes he has a reasonable explanation. He also examines the actions of Charles E. Mitchell and Sam Insull and their subsequent unjust criminal prosecution after the crash of the 1929 stock market.
LC Classification NumberHB3717
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