This book reexamines the economic crash of 1929 and compares the
event to the modern stock market crash of 2008-2009. Twice in the
last century the usually stalwart economy of United States has
crumbled—first in 1929, when the stock market crash that led to
the Great Depression hit, and again with the financial market
meltdown of 2008-2009 that is still crippling much of America.
While it is still too soon to state unequivocally how this latest
economic disaster came about, it is possible to theorize that much
of what has happened could have been foreseen and even
avoided—just as it could have been in 1929. This book accurately
describes the economic situations in the United States before the
1929 and 2008-2009 stock market crashes, and carefully examines the
causes of both financial crises. This comprehensive assessment of
both time periods allows readers to better grasp the present market
situation, understand the connection between the explosion of the
sub-prime mortgage market and the current state of the economy, and
more wisely forecast the future.
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