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The Causes of the 1929 Stock Market Cr- Harold Bierman, 9780313306297, hardcover

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Last updated on 02 Jul, 2025 04:44:25 BSTView all revisionsView all revisions

Item specifics

Condition
Acceptable: A book with obvious wear. May have some damage to the book cover but the book is still ...
Book Title
The Causes of the 1929 Stock Market Cr- Harold Bierman, 978031330
Artist
Bierman, Harold
ISBN
9780313306297

About this product

Product Identifiers

Publisher
Bloomsbury Publishing USA
ISBN-10
031330629X
ISBN-13
9780313306297
eBay Product ID (ePID)
23038304345

Product Key Features

Number of Pages
184 Pages
Publication Name
Causes of the 1929 Stock Market Crash : a Speculative Orgy or a New Era?
Language
English
Subject
Economic History, General, Investments & Securities / Stocks, Investments & Securities / General
Publication Year
1998
Type
Textbook
Author
Harold Bierman Jr.
Subject Area
Business & Economics
Series
Contributions in Economics and Economic History Ser.
Format
Hardcover

Dimensions

Item Height
0.4 in
Item Weight
12.7 Oz
Item Length
8.5 in
Item Width
5.5 in

Additional Product Features

Intended Audience
College Audience
LCCN
97-032007
TitleLeading
The
Reviews
"For economic history collections serving general readers and upper-division undergraduate through professional audiences."- Choice, "For economic history collections serving general readers and upper-division undergraduate through professional audiences." Choice
Dewey Edition
21
Series Volume Number
Vol. 195
Number of Volumes
1 vol.
Illustrated
Yes
Dewey Decimal
338.5/4/097309043
Table Of Content
Preface Was the Stock Market Too High? The Hatry Case and the 1929 Stock Market Crash The Attempts to Stop the Speculators The Week of March 25, 1929 Significant News and Dates in the Month of October 1929 Investment Trusts and Margin Buying The Public Utility Sector The Accused An Overview of the Causes of the Crash The 1929 Market and the 1990s Bibliography Index
Synopsis
Attempting to reveal the real causes of the 1929 stock market crash, Bierman refutes the popular belief that wild speculation had excessively driven up stock market prices and resulted in the crash. Although he acknowledges some prices of stocks such as utilities and banks were overprices, reasonable explanations exist for the level and increase of all other securities stock prices. Indeed, if stocks were overpriced in 1929, then they more even more overpriced in the current era of staggering growth in stock prices and investment in securities. The causes of the 1929 crash, Bierman argues, lie in an unfavorable decision by the Massachusetts Department of Public Utilities coupled with the popular practice known as debt leverage in the 1920s corporate and investment arena. This book extends Bierman's argument in an earlier book, The Great Myths of 1929 and the Lessons to Be Learned (Greenwood, 1991), in which he discussed and refuted seven myths about 1929 but could not explain the crash. He now believes he has a reasonable explanation. He also examines the actions of Charles E. Mitchell and Sam Insull and their subsequent unjust criminal prosecution after the crash of the 1929 stock market.
LC Classification Number
HB3717

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