Crash! : how the economic boom & bust of the 1920s worked /

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Bibliographic Details
Author / Creator:Payne, Phillip G., author.
Imprint:Baltimore : Johns Hopkins University Press, 2015.
©2015
Description:viii, 142 pages : illustrations ; 23 cm.
Language:English
Series:How things worked
How things worked.
Subject:
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/10424094
Hidden Bibliographic Details
ISBN:9781421418551
142141855X
9781421418568
1421418568
Notes:Includes bibliographical references and index.
Summary:"Speculation--an economic reality for centuries--is a hallmark of the modern U.S. economy. But how does speculation work? Is it really caused, as some insist, by popular delusions and the madness of crowds, or do failed regulations play a greater part? And why is it that investors never seem to learn the lessons of past speculative bubbles? Crash! explores these questions in by examining the rise and fall of the American economy in the 1920s.Phillip G. Payne frames the story of the 1929 stock market crash within the booming New Era economy of the 1920s and the bust of the Great Depression. Taking into account the emotional drivers of the consumer market, he offers a clear, concise explanation of speculation's complex role in creating one of the greatest financial panics in United States history. Crash! explains how post-World War I changes in the global financial markets transformed the world economy, examines the role of boosters and politicians in promoting speculation, and describes in detail the disastrous aftermath of the 1929 panic. Payne's book will help students recognize the telltale signs of bubbles and busts, so that they may become savvier consumers and investors"--
"Most measures of the American economy over the past two centuries or so produce a jagged sine wave--"irrationally exuberant" highs leading to painful lows. Bubbles lead to panics, over and over again. Payne has written a short book on the 1920s to demonstrate to undergraduates how this pattern emerges, especially how the highs get to be so high--specifically during the 1920s, which seem to offer instructive examples of the worst practices and circumstances. This "How Things Worked" volume explains market mechanisms, popular pressures, and the workings or failings of regulation. While every drop in the economy has its peculiar features, that of 1929 has the markings of a classic"--

MARC

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245 1 0 |a Crash! :  |b how the economic boom & bust of the 1920s worked /  |c Phillip G. Payne. 
264 1 |a Baltimore :  |b Johns Hopkins University Press,  |c 2015. 
264 4 |c ©2015 
300 |a viii, 142 pages :  |b illustrations ;  |c 23 cm. 
336 |a text  |b txt  |2 rdacontent  |0 http://id.loc.gov/vocabulary/contentTypes/txt 
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490 1 |a How things worked 
504 |a Includes bibliographical references and index. 
520 |a "Speculation--an economic reality for centuries--is a hallmark of the modern U.S. economy. But how does speculation work? Is it really caused, as some insist, by popular delusions and the madness of crowds, or do failed regulations play a greater part? And why is it that investors never seem to learn the lessons of past speculative bubbles? Crash! explores these questions in by examining the rise and fall of the American economy in the 1920s.Phillip G. Payne frames the story of the 1929 stock market crash within the booming New Era economy of the 1920s and the bust of the Great Depression. Taking into account the emotional drivers of the consumer market, he offers a clear, concise explanation of speculation's complex role in creating one of the greatest financial panics in United States history. Crash! explains how post-World War I changes in the global financial markets transformed the world economy, examines the role of boosters and politicians in promoting speculation, and describes in detail the disastrous aftermath of the 1929 panic. Payne's book will help students recognize the telltale signs of bubbles and busts, so that they may become savvier consumers and investors"--  |c Provided by publisher. 
520 |a "Most measures of the American economy over the past two centuries or so produce a jagged sine wave--"irrationally exuberant" highs leading to painful lows. Bubbles lead to panics, over and over again. Payne has written a short book on the 1920s to demonstrate to undergraduates how this pattern emerges, especially how the highs get to be so high--specifically during the 1920s, which seem to offer instructive examples of the worst practices and circumstances. This "How Things Worked" volume explains market mechanisms, popular pressures, and the workings or failings of regulation. While every drop in the economy has its peculiar features, that of 1929 has the markings of a classic"--  |c Provided by publisher. 
611 2 7 |a Stock Market Crash (1929)  |2 fast  |0 http://id.worldcat.org/fast/01133536 
648 7 |a To 1945  |2 fast 
650 0 |a Depressions  |y 1929  |z United States.  |0 http://id.loc.gov/authorities/subjects/sh85037059 
650 0 |a Stock Market Crash, 1929.  |0 http://id.loc.gov/authorities/subjects/sh96001966 
650 7 |a HISTORY / United States / General.  |2 bisacsh 
650 7 |a POLITICAL SCIENCE / General.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / Government & Business.  |2 bisacsh 
650 7 |a Depressions.  |2 fast  |0 (OCoLC)fst00890969 
650 7 |a Economic history.  |2 fast  |0 (OCoLC)fst00901974 
650 7 |a Economic policy.  |2 fast  |0 (OCoLC)fst00902025 
651 0 |a United States  |x Economic conditions  |y 1918-1945.  |0 http://id.loc.gov/authorities/subjects/sh85140023 
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