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Hardcover The Causes of the 1929 Stock Market Crash: A Speculative Orgy or a New Era? Book

ISBN: 031330629X

ISBN13: 9780313306297

The Causes of the 1929 Stock Market Crash: A Speculative Orgy or a New Era?

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Format: Hardcover

Condition: Good*

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Book Overview

Attempting 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...

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