Once in Golconda: A True Drama of Wall Street 1920-1938

Once in Golconda: A True Drama of Wall Street 1920-1938

by John Brooks, Crawford, Brooks
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Once in Golconda: A True Drama of Wall Street 1920-1938 5 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
I attempted to read this book when it came out in the early '70s, but I was only 15 at the time. I have to admit now it was over my head back then. With an adult perspective and a college education, though, I truly appreciate this financial classic by the late John Brooks. Brooks takes us back to the time of the roaring '20s boom and the '30s bust that followed. To a time when the New York Stock Exchange was private club and scounrels manipulated the market with impunity without the nuisance of an SEC. We may have Bernie Madoff, AIG and bank bailouts, but 75 years ago our grandparents had Richard Whitney, RCA and the bank holiday. Will GM go bankrupt in 2009? Possibly, but back then even though GM survived, its founder William C. "Billy" Durant did go bankrupt. His story is among many in Brooks's recounting of that long ago financial era. After reading this book, you'll come away with the feeling that the more things change the more they stay the same.