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The Great Crash of 1929: A Reconciliation of Theory and Evidence

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Understanding the American sk market boom and bust of the 1920s is vital for formulating policies to combat the potentially deleterious effects of busts on the economy. Using new data, Kabiri explains what led to the 1920s sk market boom and 1929 crash and looks at whether 1929 was a bubble or not and whether it could have been anticipated.