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Palgrave Macmillan

The Great Crash of 1929

A Reconciliation of Theory and Evidence

  • Book
  • © 2014

Overview

Authors:
  1. Ali Kabiri

    1. University of Buckingham, UK

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Part of the book series: Palgrave Studies in the History of Finance (PSHF)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xv
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  2. Prologue

    • Ali Kabiri
    Pages 1-16

  3. Introduction

    • Ali Kabiri
    Pages 17-30

  4. Literature Review and Methodology

    • Ali Kabiri
    Pages 31-57

  5. The US Economy and the Financial System

    • Ali Kabiri
    Pages 58-93

  6. The Returns to US Common Stocks from 1871 to 2010

    • Ali Kabiri
    Pages 94-144

  7. The October Crash of 1929 and the NYSE Credit System

    • Ali Kabiri
    Pages 145-173

  8. The Great Contraction of 1929–1932 and the Value of Stocks

    • Ali Kabiri
    Pages 174-186

  9. Conclusions

    • Ali Kabiri
    Pages 187-205

  10. Back Matter

    Pages 206-236
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Keywords

About this book

Understanding 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.

Reviews

“Kabiri’s book provides a synthesis of the debates on the 1929 crash but also a new set of tests built on both existing and newly collected data to understand which forces drove the stock market to levels reached in the 1920s … . book contributes to behavioral economics, estimating the rationality of the rise and fall in stock prices during the boom and bust as well as to history of economic thought, detailing financial theories and methods of the 1920s.” (Raphaël Hekimian, EH Net, eh.net, August, 2015)

Authors and Affiliations

  • University of Buckingham, UK

    Ali Kabiri

About the author

Ali Kabiri is a research associate at the Financial Markets Group at the LSE and a Lecturer in Economics at the University of Buckingham, UK. He has been a visiting research scholar at Columbia Business School and Yale University in the USA.

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