The 1929 Financial Thriller and the “We Can’t Help Ourselves” Theory of Financial Mania
In time for the autumn blues last year, Andrew Ross Sorkin delivered a riveting doorstopper-sized account of the fateful year 1929. What most people know about the 1920s revolves around endless optimism, dancing, underground bars, and speculative financial fevers. Sorkin—the co-anchor of CNBC’s Squawk Box and author of Too Big to Fail—captures this in a diary-style account of the days and months before Black Thursday and Black Tuesday—both days of double-digit stock market losses in late October 1929. 1929: Inside the Greatest Crash in Wall Street History—and How It Shattered a Nation is
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