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Share Trading, Fraud and the Crash of 1929 - A Biography of Clarence Hatry (Hardcover)
Loot Price: R3,974
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Share Trading, Fraud and the Crash of 1929 - A Biography of Clarence Hatry (Hardcover)
Series: Financial History
Expected to ship within 12 - 17 working days
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This is a comprehensive biography of Clarence Charles Hatry,
1888-1965, an enigmatic and charismatic public figure. Hatry was
the son of Jewish immigrant parents who became a company promoter
and whose companies collapsed in 1929, leading to a crash on the
London stock exchange. He was brought down by a desperate fraud. At
his trial three months later, the judge said that he could not
imagine a worse crime. Analysing transactions in detail, the book
reveals Hatry's brilliance as a manipulator and a world-class
networker and persuader. It also demonstrates his vain belief in
his ability to overcome any risks and his insecurity which led him
to surround himself with sycophants who would not challenge his
ideas. It shows how others used Hatry to make money, and, as he
destroyed himself, as a scapegoat who distracted from the City's
failings. Despite his deepest ambitions, he remained an outsider.
Until now there has been no full biography of Clarence Hatry, which
may be attributable to the lack of records, as his business papers
are believed all to have been destroyed. This comprehensive
biography is based on examination of the memoirs of Hatry's
contemporaries, the archives and records which they and their
companies preserved, and press reports of Hatry's activities.
Marking the 90th anniversary of Hatry's collapse, this book will be
important reading for academics and researchers looking to gain a
greater understanding of the context of the 1929 crash, or of
financial crises generally.
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