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The October 1929 collapse of the stock market wiped out millions of investors and plunged thc country into the Great Depression. This book examines the historical and sociological causes for the crash, as well as its after effects.
- Sales Rank: #6871311 in Books
- Brand: Brand: Chelsea House Publications
- Published on: 2000-02
- Original language: English
- Number of items: 1
- Dimensions: .53" h x 7.53" w x 9.56" l,
- Binding: Library Binding
- 128 pages
- Used Book in Good Condition
From School Library Journal
Grade 7 Up-An outline of the causes, development, and consequences of the Great Depression in the United States. Beginning with a dramatic account of "Black Thursday," October 24, 1929, Brennan shows how unstable the economy actually was beneath its prosperous veneer and goes on to show how various groups, including farmers and unemployed veterans of World War I, were affected. A final chapter discusses whether such a crash could recur, given the hair-trigger nature of computer-based investing. The writing style is well suited to the text but stays on a general level; the author does not provide any stories of individual effort or hardships to humanize the account. She describes the social trends among the middle class, and only briefly mentions the particular suffering of African Americans. The chronology leaves out the Panic of 1893, and the glossary includes a confusingly formal definition of "margin." The black-and-white portraits of important people and institutions are well captioned but not as evocative as those in other books on the topic. Milton Meltzer's Brother, Can You Spare a Dime? (Facts On File, 1990) gives much more detail, including many personal stories, and has more useful illustrations, though it doesn't explain the financial problems as extensively. Don Nardo's The Great Depression (Greenhaven, 1997) offers opposing viewpoints on the period, which demands more background knowledge from readers. Barbara Silberdick Feinberg's Black Tuesday (Millbrook, 1995) presents virtually the same material in even more effective language, with superior illustrations and slightly better graphic design. However, Brennan's sweep is a bit broader, making it a useful supplement.
Jonathan Betz-Zall, formerly at Sno-Isle Regional Library System, Edmonds, WA
Copyright 2000 Reed Business Information, Inc.
Most helpful customer reviews
0 of 2 people found the following review helpful.
Easy reading
By anonymously
It is a very high level description on the 1929 crash.
One thing which I did notice which is very misleading, it clearly states that, "For all of his uncanny instincts, however, Jesse Livermore was no match for the Stock Market Crash of 1929. He lost everything." (see page 37). Also includes a photo of Livermore.
For those who are a true Livermore follower, you will know that this is not correct. Contrary to this from the book, he actually made $100 million during the crash of 1929, by selling short.
For more information on Livermore visit jesselivermore dot com.
I am hoping that there will be a second edition of this book which will have this information corrected.
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