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cover of episode The Stock Market Crash of 1929 – Part 1: To The Moon!

The Stock Market Crash of 1929 – Part 1: To The Moon!

2022/1/14
logo of podcast Conflicted: A History Podcast

Conflicted: A History Podcast
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Zach Cornwell
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Zach Cornwell: 本播客系列将深入探讨1929年美国股市崩盘这一具有里程碑意义的事件，分析其起因、发展过程以及对美国乃至全球经济的深远影响。我们将从普通民众的视角出发，结合历史资料和专家观点，还原这一历史事件的真相。同时，我们将重点关注杰西·利弗莫尔等关键人物的经历和决策，以及他们对市场走向的预测和判断。 Jesse Livermore: 作为一位经验丰富的股票交易员，我通过对市场数据的长期观察和分析，预见了1929年股市崩盘的到来。我意识到市场存在着严重的泡沫和风险，并采取了相应的措施来保护自己的利益。同时，我也对那些盲目跟风、缺乏经验的投资者感到担忧，他们的行为加剧了市场的风险。 Evangeline Adams: 作为一名著名的占星师，我通过对星象的解读，预测到了1929年股市将经历一段时间的繁荣，随后将出现大幅度的下跌。我的预测并非完全基于神秘学，而是结合了对市场趋势和经济形势的综合判断。 Homer Dowdy: 作为一名普通的邮递员，我亲眼目睹了周围的人们是如何参与到股市投机中的，以及他们是如何在股市中获得巨额利润的。然而，我也意识到这种投机行为存在着巨大的风险，并最终导致了灾难性的后果。 President Calvin Coolidge: 我坚信美国的经济繁荣是不可阻挡的，股市的上涨反映了美国经济的强劲增长。然而，我并没有预见到股市泡沫的破裂以及随之而来的经济危机。 Historians: 1929年股市崩盘是多种因素共同作用的结果，包括过度投机、保证金交易的滥用、经济结构性问题以及政府监管的不足等。这场危机深刻地改变了美国的经济和社会结构，并对全球经济产生了深远的影响。

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The episode sets the stage for the stock market crash of 1929, detailing the economic euphoria of the Roaring Twenties and the factors that contributed to the crash, including the widespread use of margin buying and the speculative frenzy it fueled.

Shownotes Transcript

*One of the worst financial disasters in history unfolded on Wall Street in late October of 1929. Within a week, 30 billion dollars had disappeared into thin air, leaving the global economy in tatters and heralding the beginning of a worldwide Depression. But what exactly happened? And why? In Part 1 of this 3-Part series on the Wall Street Crash of 1929, we discover how the American public became fatally infatuated with the stock market during the “Roaring 20’s”; and how one debauched day trader – Jesse Livermore – saw the whole thing coming. *

SOURCES:

Ahamed, Liaquat. Lords of Finance: The Bankers Who Broke the World. 2009.

Blumenthal, Karen. Six Days in October. 2002. 

Charles Rivers Editors. Jesse Livermore. 2021.

Charles Rivers Editors. Wall Street. 2020.

Galbraith, John Kenneth. The Great Crash 1929. 1955.

Galbraith, John Kenneth. A Short History of Financial Euphoria. 1990.

Geisst, Charles R. Wall Street: A History. 1997.

Klein, Maury. Rainbow’s End. 2001. 

Morris, Charles R. A Rabble of Dead Money. 2017.

Nations, Scott. A History of the United States in Five Crashes. 2017.

Parker, Selwyn. The Great Crash. 2008.

Perino, Michael. The Hellhound of Wall Street. 2010.

Rubython, Tom. Jesse Livermore: Boy Plunger. 2016.

Thomas, Gordon. Morgan-Witts, Max. The Day the Bubble Burst. 1979.

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