Rainbow's End by Maury Klein
The Crash of 1929 (Pivotal Moments in American History)

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Synopsis

The first major history of the Crash in over a decade, 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 bulls. We meet Sunshine Charley Mitchell, head of the National City Bank, powerful financiers Jack Morgan and Jacob Schiff, Wall Street manipulators such as the legendary Jesse Livermore, and the lavish-living Billy Durant, founder of General Motors. As Klein follows the careers of these men, he shows us how the financial house of cards gradually grew taller, as the irrational exuberance of an earlier age gripped America and convinced us that the market would continue to rise forever. Then, in October 1929, came a "perfect storm"-like convergence of factors that shook Wall Street to its foundations. We relive Black Thursday, when police lined Wall Street, brokers grew hysterical, customers "bellowed like lunatics," and the ticker tape fell hours behind. This is followed by the even worse Bloody Tuesday, when an irrational desire to sell at any price gripped the market and even blue chip stocks plummeted precariously.
This compelling history of the Crash--the first to follow the market closely for the two years leading up to the disaster--illuminates a major turning point in our history.
 

About Maury Klein

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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.
 
Published October 25, 2001 by Oxford University Press. 368 pages
Genres: Business & Economics, History. Non-fiction

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He is adept at explaining complex business ideas (such as covert stock pools and the bearish tactic of “selling short,” both of which were factors in the crash) in terms that convey the gravity of what followed 1929’s “Summer of Fun.” He builds toward the climactic disaster via scrupulous readin...

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The Guardian

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Rainbow's End: The Crash of 1929 Maury Klein Oxford £27.50, pp345 It was the 'New Era'.

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Publishers Weekly

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(Oct. 29)Forecast:There are many books on the 1929 market crash, but John Kenneth Galbraith's innovative and engaging The Great Crash of 1929 easily remains the best account for the general reader;

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