1929 by Andrew Ross Sorkin Book Summary & Review: A Minute-by-Minute History of the Great Crash
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A detailed summary and review of Andrew Ross Sorkin's book "1929," focusing on the events leading to the Stock Market Crash of 1929 and the beginning of the Great Depression. The analysis moves beyond typical economic statistics to explore the interpersonal conflicts and psychological factors influencing the market collapse, referencing previously confidential minutes from the Federal Reserve Bank of New York to detail the human drama on Wall Street. The content tracks the dynamic between established financiers, such as Thomas Lamont, and newer, more aggressive figures like Charles Mitchell of National City Bank. Furthermore, the discussion examines the role of speculative practices, including the dangers of mass-market margin debt, during the "Coolidge Market."
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