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Rainbow's End: The Crash of 1929 (Pivotal Moments in American History)
by
Maury Klein
Rainbow's End tells the story of the stock market collapse in a colorful, swift-moving narrative that blends a vivid portrait of the 1920s with an intensely gripping account of Wall Street's greatest catastrophe. The book offers a vibrant picture of a world full of plungers, powerful bankers, corporate titans, millionaire brokers, and buoyantly optimistic stock market bull...more
Paperback, 368 pages
Published
May 1st 2003
by Oxford University Press, USA
(first published 2001)
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The amazing lesson from this depression is that no one knows much about the real causes and effect of ANYTHING." -- W. W. Kiplinger (1929)
What caused the Great Crash of 1929? That's what I've been trying to figure out the last few weeks. Stocks were over valued, but there wasn't a typical bubble that suddenly burst sending the markets spiraling downward. Certainly fear turned to panic selling forced the markets abruptly down during the last weeks of October. But what triggered the first massive...more
What caused the Great Crash of 1929? That's what I've been trying to figure out the last few weeks. Stocks were over valued, but there wasn't a typical bubble that suddenly burst sending the markets spiraling downward. Certainly fear turned to panic selling forced the markets abruptly down during the last weeks of October. But what triggered the first massive...more
At Rainbow's End provides a succinct yet through look at the Great Depression and how it changed life in America. By tracking the propensities of the 1920s and the rise of consumer culture the reader gets a clear picture of the investment frenzy that gripped the nation. The over valuation of stocks and the financial crisis is clearly laid out in laymen's terms with an overview for those who want the technical financial explanation. It tracks interesting vignettes and mini biographies of major pl...more
Like another reviewer said, "This didn't really answer any questions so much as give a rundown of what happened during the Crash. I learned a lot of things that I didn't know before, but I didn't necessarily learn the things I wanted to." I liked the details of the different key players (the wealthy and powerful people of the day). I was amazed to learn how people went crazy over property in Florida, over stocks, over anything that might bring instant wealth. The thing I wanted to know was how t...more
History. I thoroughly enjoyed every page of this book. Klein paints the most compelling picture yet of the stock-market crash of 1929. Klein tells the story of the crash clearly and well, with some especially good pen portraits of characters such as Tomas Lamont, Jesse Livermore, Charley Mitchell and Albert Wiggin.
Pretty interesting book on the build-up and event of the crash. Really mainly a narrative of the political and business leaders of the late '20s, not as much an explanation of the crash, which is what I was hoping for.
Excellent book that explains the events surrounding the crash of 1929 that led up to the Great Depression.
This didn't really answer any questions so much as give a rundown of what happened during the Crash. I learned a lot of things that I didn't know before, but I didn't necessarily learn the things I wanted to. The one unsettling thing that I definitely did pick up is that this could definitely happen again. Creepy.
Great book that does a great job explaining WHY the Depression happened, and not just what happened. I have read quite a bit on this topic, but Klein's information and presentation make this one of the better books on a topic that is often misunderstood.
great book - interesting characters from a long gone time that carries erie parallels to the great stock market frenzy of the late 90's early 2000's.
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Maury Klein is renowned as one of the finest historians of American business and economy. He is the author of many books, including The Power Makers: Steam, Electricity, and the Men Who Invented Modern America; and Rainbow's End: The Crash of 1929. He is Professor Emeritus of History at the University of Rhode Island. He lives in Saunderstown, Rhode Island.
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Jun 30, 2012 01:14pm
Jun 30, 2012 10:35pm