Rainbow's End

"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 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 it 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 was 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 precipitously."--Jacket.

First sentence: If it is true, as historian Jacques Barzun once observed, that "whoever wants to know the heart and mind of America had better learn about baseball," the 1920 season serves as a revealing emblem of both the country's past and its future.

Year

2001

Language

English

Series

Pivotal Moments in American History

Publisher

Oxford University Press, USA

Editions

1

Pages

368

ISBN

9780195158014

Data source: Wikidata