Stock Market Crash of 1929

The President and Fellows of Harvard College

The Stock Market Crash of 1929: A Review Article Author(s): Maury Klein Reviewed work(s): Source: The Business History Review, Vol. 75, No. 2 (Summer, 2001), pp. 325-351 Published by: The President and Fellows of Harvard College Stable URL: http://www.jstor.org/stable/3116648 . Accessed: 05/09/2012 08:19

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Maury Klein

The Stock MarketCrash of 1929: A Review Article

The stock marketcrash of 1929, a majortraumathat still hauntsthe nationalmemory, receivedsurprisingly has little attentionfrom scholarsin seventyyears and has produced even less agreementas to its causesandconsequences. This reviewof the literature thatthe disagreements and suggests debates over the crash reveal as much about what can andcannotbe knownfor certainaboutthe event as they do aboutpotential answers the mysteries the crash. to of

Few

historical continue perplex problems to scholars morethanthe

Great Crashof 1929. More than seventy years later, the story of the crashremainswell knownbut continuesto defy clearor convincing Three questionsin particularremainas vivid and elusive explanation. today as they did then: What caused the crash?What was the relation of the crash to the long depressionthat ensued? Could such a crash and depressionhappenagain?In our own...