The Great Crash of 1929

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.

1. Introduction 2. Literature Review and Methodology 3. The US Economy and the Financial System 4. The Returns to US Common Stocks from 1871 – 2010 5. The October Crash of 1929 and the NYSE Credit System 6. The Great Contraction 1929 – 1933 and the Value of Stocks 7. Conclusions

“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)