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cover of episode The Stock Market Crash of 1929 – Part 3: The Music Stops

The Stock Market Crash of 1929 – Part 3: The Music Stops

2022/4/6
logo of podcast Conflicted: A History Podcast

Conflicted: A History Podcast
AI Deep Dive AI Chapters Transcript
People
J
John Brooks
J
John Kenneth Galbraith
K
Karen Blumenthal
L
Liaquat Ahamed
M
Mark Twain
M
Maury Klein
M
Michael Perino
S
Scott Nations
Topics
Maury Klein：20年代股票市场成为文化现象，人们热衷投资，对市场运作缺乏了解。 Liaquat Ahamed：旁观他人一夜暴富令人沮丧，尤其是不费吹灰之力。 Karen Blumenthal：许多人盲目投资，对市场缺乏了解。 John Kenneth Galbraith：1929年是经济和金融史上具有里程碑意义的一年，标志着资本主义经历的最严重和最持久的危机。股市崩盘并非一蹴而就，而是缓慢而渐进的过程。 John Brooks：股票池操纵旨在通过操纵股市行情来欺骗公众。 Zach Cornwell：第一次世界大战后，美英银行家采取的低利率政策刺激了美国的股票投机，最终导致了股市泡沫的膨胀。Sunshine Charlie Mitchell 为了自身利益，积极推动股票市场投机，加剧了股市泡沫。保证金电话导致的强制平仓加剧了股市崩盘。止损单的触发加剧了股价下跌。股价下跌速度过快，导致投资者基于不可靠的信息做出决策。

Deep Dive

Chapters
The episode sets the stage for the Great Crash by revisiting the events leading up to October 24th, 1929, highlighting the economic prosperity of the 1920s, the widespread stock market speculation, and the underlying financial instability that would eventually lead to the crash.

Shownotes Transcript

*After weeks of uncertainty and fear, the Great Crash finally arrives on October 24th, 1929. While America’s financial infrastructure burns, Jesse Livermore makes $100 million in a single week. Wall Street’s great cheerleader, Sunshine Charlie Mitchell, schemes and maneuvers to puff up the bull market and preserve his legacy. Amidst the wreckage of the Great Depression, a scrappy immigrant lawyer named Ferdinand Pecora leads a Federal investigation into Sunshine Charlie and National City Bank that shakes the very bedrock of American financial law.   *

SOURCES:

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

Allen, Frederick Lewis. Only Yesterday: An Informal History of the 1920s. 1931

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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