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The Great Crash 1929
by John Kenneth GalbraithThe great economist offers his theory for what happened in the 1929 crash.
The Great Crash 1929 (Pelican Ser.)
by John Kenneth GalbraithJohn Kenneth Galbraith's classic examination of the 1929 financial collapse. Arguing that the 1929 stock market crash was precipitated by rampant speculation in the stock market, Galbraith notes that the common denominator of all speculative episodes is the belief of participants that they can become rich without work. It was Galbraith's belief that a good knowledge of what happened in 1929 was the best safeguard against its recurrence. Atlantic Monthly wrote, "Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community."
The Great Crash Ahead
by Harry S. Dent Rodney JohnsonIn his most recent New York Times bestselling book, The Great Depression Ahead, Harry S. Dent, Jr., predicted that the stimulus plan created in response to the first crisis would hit demographic and debt saturation headwinds and ultimately fail. In 2010, the stimulus plan had started to fail, and it was already stalling by the first quarter of 2011. The Great Crash Ahead outlines why the next crash and crisis is inevitable, and just around the corner--coming between 2012 and 2014. With incisive critical analysis and historical examples, this book lays bare the traditional assumptions of economics. Dent shows that the government doesn't drive our economy, consumers and businesses do; that the Fed does not create most of the money in our economy, the private banking system does; and that the largest generation in history is now saving for or moving into retirement, meaning slowing growth. This is the new normal! Our banking system borrowed to lend for the first time in history with unprecedented leverage and debt levels of $42 trillion, way beyond the massive government debt. But the government's promises and unfunded liabilities take the cake, at an estimated $66 trillion and growing! These massive debts will have to be restructured in a time of slowing spending, and this means a deflationary crisis, which is very different from the inflationary crisis of the 1970s and requires very different personal, investment, and business strategies. Dent and Johnson outline these strategies in very practical detail. In the coming years, the greatest surprise will be that the U.S. dollar becomes the safe haven and appreciates just when everyone is calling for it to crash, while the gold and silver bubbles burst along with the stock and commodity bubbles. And real estate will see another round of declines just when everyone thought it could go no lower. The Great Crash Ahead is about making smart, cautious investments--avoiding the sort of high-risk, high-profit investment schemes that sank the world economy. The road to recovery will be filled with challenges and will require massive change, such as debt restructuring, plans for greater employment, the restructuring of social welfare programs such as social security and health care, budget cuts, and higher taxes--in short, a revision of the kind of lifestyle that characterized the "Roaring 2000s." The good news is this process will eliminate tens of trillions of dollars of debt and can make way for growth again as the echo boom generation ascends. Or we can continue on our present course and end up like the Japanese, with no growth and high debt two decades later.
The Great Crash of 1929
by Ali KabiriUnderstanding the American stock market boom and bust of the 1920s is vital for formulating policies to combat the potentially deleterious effects of busts on the economy. Using new data, Kabiri explains what led to the 1920s stock market boom and 1929 crash and looks at whether 1929 was a bubble or not and whether it could have been anticipated.
Great Crash Of 2008
by David Llewellyn-Smith Ross GarnautAs the world enjoyed the prosperity of an unparalleled boom, an economic earthquake was looming, and then struck abruptly. Bastions of finance collapsed, long-standing policy beliefs were abandoned, and governments charged into the rubble without time to watch their steps. But for those who were looking, the faultlines that ran beneath the boom had been apparent for years. In The Great Crash of 2008, Ross Garnaut and David Llewellyn-Smith take us through the imbalances that led to the global financial crisis, tracing the cracks that were appearing within the modern economy and presenting a whole-world view of reasons for the downturn. They assess the implications of the global financial crisis and offer hope for finding order in the wreckage, in restoring development and building a stronger and more sustainable world.
The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them
by Linda Yueh'A masterclass in spotting the early signs of a crisis' Nouriel Roubini'This is the historical perspective we need' John Kay'A first point of entry for anybody who wants to learn how the world sleep-walked into multiple crashes' Daron Acemoglu'Fascinating, well-written and authoritative' Tim Harford-----------------------------------------------------------------The global economy has weathered the most tumultuous century in modern financial history. Since America's Wall Street Crash of 1929, the global economy has weathered the most tumultuous century in financial history. From the currency crises of the 1980s, to Japan's housing meltdown, the dot com boom and bust, the global financial crash and the COVID pandemic, crash after crash has sent shockwaves through our world.The Great Crashes tells the stories of ten of these historic financial events. They serve as a series of cautionary tales, each with their own lessons to be learnt. With clear-eyed analysis, renowned economist Professor Linda Yueh uses these meltdowns to extract a critical three-step framework to help recognise the early signs of a crash, mitigate the effects and even prevent them in the future. There is very little that is certain in economics, except for this: there will be another financial crisis.Combining her in-depth knowledge with compelling storytelling, The Great Crashes is essential reading that offers urgent lessons for the modern world.-----------------------------------------------------------------'An important contribution that can help society anticipate and tackle potential crashes in the future' Christine Lagarde
The Great Culture [Dis]Connect: Building a Business Culture That Works
by Mary MarshallTrace a company's breakdown back to various points that added up and created a destructive company cultureThe Great Culture [Dis]Connect is a tool for entrepreneurs, executives, managers, and anyone concerned with the work environment and company culture they are a part of. Filled with both positive and negative examples of company culture, this book will teach you that a company&’s foundation is its values. These pages contain everything from how to select values based on your company to how to deal with cultural misfits in your company, as well as looking to the future to build toward the legacy you want your company to leave. Intertwined is the story of Automation Engineers, a company that ignores values, culture, integrity, and many other elements essential to a business. Discover how this company completely unravels, and learn from their mistakes. The Great Culture [Dis]Connect is essential for everyone who is serious about business and wants to lead their company to success.
Great Customer Service on the Telephone (The\worksmart Ser.)
by Kristin AndersonFirst impressions are often lasting impressions. How customers are treated on the phone can quickly turn them into either an ex-customer or a customer for life. This thorough, quick-reading guide shows anyone who uses the phone -- from salesperson to manager to secretary -- how to treat it as a service tool that directly impacts on company profits. Readers will be able to double their effectiveness when they learn how to:* handle irate customers* end those ""endless"" calls* take meaningful messages* handle conference calls and transfer calls* screen calls and ask focused questions* use the phone during emergencies* improve their voice effectivenessWith worksheets, checklists, and fill-in forms, this desktop primer will inspire fabulous phone service.
Great Days at Work
by Suzanne HazeltonGreat Days at Work will enable you to become more enthusiastic at work, feel more positive and work more effectively with others. Drawing on the latest insights from positive psychology, it outlines practical day-to-day changes you can make immediately for instant benefit, as well as helping you develop a longer term version that means you'll get more out of work. The book is based on a three-layered framework, with the first layer focusing on the mindset for change, the second on personal responsibility, and the third on vision and choice. It reveals how to use these layers to develop an effective perspective on time, embed productive new habits, gain a clear sense of self and work better with others. As a result you will make a bigger contribution to your organization, as well as feeling more engaged, satisfied and in control of your own work and career. Discover how to have a great day at work, every day!
A Great Deal of Ruin: Financial Crises since 1929
by James GerberA Great Deal of Ruin provides an accessible introduction to the enduring problem of financial crises. Illustrated with historical analysis, case studies, and clear economic concepts, this book explains in three parts what financial crises are, how they are caused and what we can learn from them. It begins with a taxonomy of crises and a list of factors that increase the risk for countries experiencing a financial crisis. It then examines five of the most important crises in modern economic history, beginning with the Great Depression and ending with the subprime crisis in the United States and its evolution into a debt crisis in the Eurozone. The book concludes with a set of lessons that can be learnt from the crises of the past. It will appeal to university students as well as general readers who are curious to learn more about the recent subprime crisis and other financial crises.
The Great Decline: From the Era of Hope and Progress to the Age of Fear and Rage
by John BoneIt seems clear that many formerly stable societies in wealthy developed countries appear to be falling into an apparent state of ‘permacrisis' accompanied by an increasingly angry and irrational social and political culture that is undermining the peace and stability of our societies and democratic institutions, from the local to the global. Applying an original biosocial approach (the social map), and drawing on ideas and evidence from sociology, history and political economy, to psychology, neuroscience and epigenetics, John Bone argues that conditions in our turbocapitalist and increasingly estranged, media dominated societies have created a toxic environment, deeply damaging to our mental and physical health. As well as shedding new light on our current troubles, Bone also outlines why this leaves us ill prepared to deal with two of the greatest challenges confronting humanity: the rise of AI and automation and how we deal with climate change.
The Great Deformation: The Corruption of Capitalism in America
by David A. StockmanA New York Times bestseller The Great Deformation is a searing look at Washington’s craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state-especially the Federal Reserve-has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America’s private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few. Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian "borrow and spend” policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. Stockman’s analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base-even as the Fed’s massive money printing allowed politicians to enjoy "deficits without tears. ” But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. The Great Deformation explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.
The Great Deformation: The Corruption of Capitalism in America
by David A. StockmanA "New York Times" bestseller "The Great Deformation" is a searing look at Washington's craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state--especially the Federal Reserve--has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused Americas private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few. Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian "borrow and spend" policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. Stockmans analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base--even as the Feds massive money printing allowed politicians to enjoy "deficits without tears. " But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. "The Great Deformation" explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.
The Great Degeneration: How Institutions Decay and Economies Die
by Niall FergusonFrom renowned historian Niall Ferguson, a searching and provocative examination of the widespread institutional rot that threatens our collective futureWhat causes rich countries to lose their way? Symptoms of decline are all around us today: slowing growth, crushing debts, increasing inequality, aging populations, antisocial behavior. But what exactly has gone wrong? The answer, Niall Ferguson argues in The Great Degeneration, is that our institutions--the intricate frameworks within which a society can flourish or fail--are degenerating.Representative government, the free market, the rule of law, and civil society--these are the four pillars of West European and North American societies. It was these institutions, rather than any geographical or climatic advantages, that set the West on the path to global dominance beginning around 1500. In our time, however, these institutions have deteriorated in disturbing ways. Our democracies have broken the contract between the generations by heaping IOUs on our children and grandchildren. Our markets are hindered by overcomplex regulations that debilitate the political and economic processes they were created to support; the rule of law has become the rule of lawyers. And civil society has degenerated into uncivil society, where we lazily expect all of our problems to be solved by the state.It is institutional degeneration, in other words, that lies behind economic stagnation and the geopolitical decline that comes with it. With characteristic verve and historical insight, Ferguson analyzes not only the causes of this stagnation but also its profound consequences. The Great Degeneration is an incisive indictment of an era of negligence and complacency. While the Arab world struggles to adopt democracy and China struggles to move from economic liberalization to the rule of law, our society is squandering the institutional inheritance of centuries. To arrest the breakdown of our civilization, Ferguson warns, will take heroic leadership and radical reform.
The Great Democracy: How to Fix Our Politics, Unrig the Economy, and Unite America
by Ganesh SitaramanA leading progressive intellectual offers an agenda for how real democracy can triumph in America and beyondSince the New Deal in the 1930s, there have been two eras in our political history: the liberal era, stretching up to the 1970s, followed by the neoliberal era of privatization and austerity ever since. In each period, the dominant ideology was so strong that it united even partisan opponents. But the neoliberal era is collapsing, and the central question of our time is what comes next. As acclaimed legal scholar and policy expert Ganesh Sitaraman argues, two political visions now contend for the future. One is nationalist oligarchy, which rigs the system for the rich and powerful while using nationalism to mobilize support. The other is the great democracy, which fights corruption and extends both political and economic power to all people. At this decisive moment in history, The Great Democracy offers a bold, transformative agenda for achieving real democracy.
The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival
by Charles Goodhart Manoj PradhanThis original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends – it will raise inflation and interest rates, but lead to a pullback in inequality. “Whatever the future holds”, the authors argue, “it will be nothing like the past”. Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the world’s available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the world’s trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the world’s economy may be going.
Great Depression: People and Perspectives
by Hamilton CravensThis reference for general readers and students in high school and up gives voice to American men, women, and children from a range of economic classes and ethnic backgrounds during the Great Depression. Some areas explored are coming of age in the 1930s, medicine and the family, scripts of racial segregation in New Deal America, American technology in the 1930s, and the conflict between social scientists and policymakers responding to the crisis. A section of about 20 pages of one- to two-page excerpts from primary source documents details the experiences of everyday Americans through excerpts from news articles, diaries, letters, and b&w historical photographs. A glossary of terms, key figures and events, and concepts is included. Topics in the series are selected to fit curricular standards for both high school history classes and undergraduate American history courses. An emphasis on social history brings historical analysis into the classroom, while still focusing on topics that will engage students. Cravens is Professor of History at Iowa State University
The Great Depression
by Thomas E. Hall J. David FergusonThe Great Depression was the worst economic catastrophe in modern history. Not only did it cause massive worldwide unemployment, but it also led to the rise of Adolf Hitler in Germany, World War II in Europe, and the tragic deaths of tens of millions of people. This book describes the sequence of policy errors committed by powerful, well-meaning people in several countries, which, in combination with the gold standard in place at the time, caused the disaster. In addition, it details attempts to reduce unemployment in the United States by Franklin Roosevelt's New Deal, and in Germany by Hitler's National Socialist economic policies. A comprehensive economic and historical explanation of the events pertaining to the Depression, this book begins by describing the economic setting in the major industrialized countries during the 1920s and the gold standard that linked theory economies together. It then discusses the triggering event that started the economic decline--the Federal Reserve's credit tightening in reaction to perceived overspeculation in the U. S. stock market. The policy bungling that transformed the recession into the Great Depression is detailed: Smoot Hawley, the Federal Reserve's disastrous adherence to the real bills doctrine, and Hoover's 1932 tax hike. This is followed by a detailed description of the New Deal's shortcomings in trying to end the Depression, along with a discussion of the National Socialist economic programs in Germany. Finally, the factors that ended the Depression are examined. This book will appeal to economists, historians, and those interested in business conditions who would like to know more about the causes and consequences of the Great Depression. It will be particularly useful as a supplementary text in economic history courses. Thomas E. Hall and J. David Ferguson are both Professors of Economics, Miami University.
Great Depression: Causes and Impact (Abridged)
by Thomas K. MccrawProvides a vehicle for discussing the problems caused by the Great Depression.
The Great Depression: America 1929-1941
by Robert S. McelvaineOne of the classic studies of the Great Depression, featuring a new introduction by the author with insights into the economic crises of 1929 and today. In the twenty-five years since its publication, critics and scholars have praised historian Robert McElvaine's sweeping and authoritative history of the Great Depression as one of the best and most readable studies of the era. Combining clear-eyed insight into the machinations of politicians and economists who struggled to revive the battered economy, personal stories from the average people who were hardest hit by an economic crisis beyond their control, and an evocative depiction of the popular culture of the decade, McElvaine paints an epic picture of an America brought to its knees--but also brought together by people's widely shared plight. In a new introduction, McElvaine draws striking parallels between the roots of the Great Depression and the economic meltdown that followed in the wake of the credit crisis of 2008. He also examines the resurgence of anti-regulation free market ideology, beginning in the Reagan era, and argues that some economists and politicians revised history and ignored the lessons of the Depression era.From the Trade Paperback edition.
The Great Depression
by Benjamin RothWhen the stock market crashed in 1929, Benjamin Roth was a young lawyer in Youngstown, Ohio. After he began to grasp the magnitude of what had happened to American economic life, he decided to set down his impressions in his diary. This collection of those entries reveals another side of the Great Depressionuone lived through by ordinary, middle-class Americans, who on a daily basis grappled with a swiftly changing economy coupled with anxiety about the unknown future. RothOCOs depiction of life in time of widespread foreclosures, a schizophrenic stock market, political unrest and mass unemployment seem to speak directly to readers today.
The Great Depression: America in the 1930s
by T. H. WatkinsA companion volume to the fall PBS series chronicles the devastation caused by the nation's most serious economic upheaval, offering parallels with America's present economic woes.
The Great Depression (20th Century Perspectives)
by David DowningThrough this book, readers will learn: why October 29, 1929, is known as "Black Tuesday"; what the "Dust Bowl" was and how it added to the misery of the Great Depression; and what President Roosevelt's "New Deal" programs accomplished.
The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History
by Harry S. Dent Jr.The first and last economic depression that you will experience in your lifetime is just ahead. The year 2009 will be the beginning of the next long-term winter season and the initial end of prosperity in almost every market, ushering in a downturn like most of us have not experienced before. Are you aware that we have seen long-term peaks in our stock market and economy very close to every 40 years due to generational spending trends: as in 1929, 1968, and next around 2009? Are you aware that oil and commodity prices have peaked nearly every 30 years, as in 1920, 1951, 1980 -- and next likely around late 2009 to mid-2010? The three massive bubbles that have been booming for the last few decades -- stocks, real estate, and commodities -- have all reached their peak and are deflating simultaneously. Bestselling author and renowned economic forecaster Harry S. Dent, Jr., has observed these trends for decades. As he first demonstrated in his bestselling The Great Boom Ahead, he has developed analytical techniques that allow him to predict the impact they will have. The Great Depression Ahead explains "The Perfect Storm" as peak oil prices collide with peaking generational spending trends by 2010, leading to a more severe downtrend for the global economy and individual investors alike. He predicts the following: The economy appears to recover from the subprime crisis and minor recession by mid-2009 -- "the calm before the real storm." Stock prices start to crash again between mid- and late 2009 into late 2010, and likely finally bottom around mid-2012 -- between Dow 3,800 and 7,200. The economy enters a deeper depression between mid-2010 and early 2011, likely extending off and on into late 2012 or mid-2013. Asian markets may bottom by late 2010, along with health care, and be the first great buy opportunities in stocks. Gold and precious metals will appear to be a hedge at first, but will ultimately collapse as well after mid- to late 2010. A first major stock rally, likely between mid-2012 and mid-2017, will be followed by a final setdback around late 2019/early 2020. The next broad-based global bull market will be from 2020-2023 into 2035-2036. Conventional investment wisdom will no longer apply, and investors on every level -- from billion-dollar firms to the individual trader -- must drastically reevaluate their policies in order to survive. But despite the dire news and dark predictions, there are real opportunities to come from the greatest fire sale on financial assets since the early 1930s. Dent outlines the critical issues that will face our government and other major institutions, offering long- and short-term tactics for weathering the storm. He offers recommendations that will allow families, businesses, investors, and individuals to manage their assets correctly and come out on top. With the right knowledge and preparation, you can take advantage of new wealth opportunities rather than get caught in a downward spiral. Your life is about to change for reasons outside of your control. You can't change the direction of the winds, but you can reset your sails!