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Rainbow's End: The Crash of 1929
     

Rainbow's End: The Crash of 1929

5.0 1
by Maury Klein
 

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ISBN-10: 0195158016

ISBN-13: 9780195158014

Pub. Date: 05/28/2003

Publisher: Oxford University Press

The first major history of the Crash in over a decade, Rainbow's End tells the story of the stock market collapse in a colorful, swift-moving narrative that blends a vivid portrait of the 1920s with an intensely gripping account of Wall Street's greatest catastrophe.

The book offers a vibrant picture of a world full of plungers, powerful bankers, corporate

Overview

The first major history of the Crash in over a decade, Rainbow's End tells the story of the stock market collapse in a colorful, swift-moving narrative that blends a vivid portrait of the 1920s with an intensely gripping account of Wall Street's greatest catastrophe.

The book offers a vibrant picture of a world full of plungers, powerful bankers, corporate titans, millionaire brokers, and buoyantly optimistic stock market bulls. We meet Sunshine Charley Mitchell, head of the National City Bank, powerful financiers Jack Morgan and Jacob Schiff, Wall Street manipulators such as the legendary Jesse Livermore, and the lavish-living Billy Durant, founder of General Motors. As Klein follows the careers of these men, he shows us how the financial house of cards gradually grew taller, as the irrational exuberance of an earlier age gripped America and convinced us that the market would continue to rise forever. Then, in October 1929, came a "perfect storm"-like convergence of factors that shook Wall Street to its foundations. We relive Black Thursday, when police lined Wall Street, brokers grew hysterical, customers "bellowed like lunatics," and the ticker tape fell hours behind. This is followed by the even worse Bloody Tuesday, when an irrational desire to sell at any price gripped the market and even blue chip stocks plummeted precariously.

This compelling history of the Crash--the first to follow the market closely for the two years leading up to the disaster--illuminates a major turning point in our history.

Product Details

ISBN-13:
9780195158014
Publisher:
Oxford University Press
Publication date:
05/28/2003
Series:
Pivotal Moments in American History Series
Pages:
368
Sales rank:
715,459
Product dimensions:
9.00(w) x 5.84(h) x 0.95(d)

Table of Contents

Editors' Notexi
Introduction The Crash as Historical Problemxiii
Prologue The Summer of Fun, 19291
1 America the Bountiful19
2 The Club and the Street42
3 Plungers and Politicians61
4 The Birth of the Bull80
5 The Good Life101
6 The New Era121
7 The Culture of Greed145
8 Makin' Whoopee165
9 The Fall Follies190
10 Rainbow's End207
11 Over the Rainbow236
Epilogue The Winter of Discontent, 1930253
Notes279
Selected Bibliography313
Acknowledgments323
Index325

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Rainbow's End: The Crash of 1929 5 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
The machinery of Wall Street is thoroughly analyzed here, circa 1929. The reader will find fascinating the colorful characters among Klein's pages. When you think the average human was living in pale sqaulor during this chaotic period,the high and mighty(and often criminal) were living quite well, thank you. Wall Street in 1929 became the gambling casino of the absurdly wealthy and savvy.In these pages the reader can see how the financial decisions of the movers and shakers of the world financial scene helped a global crises become an economic nightmare. I was gripped by this story; it is easy to see modern parallels in our economy today. Could 1929 happen again? Read on...