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    A Rabble of Dead Money: The Great Crash and the Global Depression: 1929 - 1939
    A Rabble of Dead Money: The Great Crash and the Global Depression: 1929 - 1939
    A Rabble of Dead Money: The Great Crash and the Global Depression: 1929 - 1939
    Audiobook11 hours

    A Rabble of Dead Money: The Great Crash and the Global Depression: 1929 - 1939

    Written by Charles R. Morris

    Narrated by Tom Perkins

    3.5/5

    ()

    About this audiobook

    There is no single theory of what caused the Great Depression, and never will be, Morris argues. Macreconomics is a social science, and such a massive event always takes its shape from a terrible confluence of factors. The mismanagement of the gold standard, the growth in consumer credit, the insistence on deflation by some of the best minds in finance, the spread of "Fordism" through the manufacturing sector, the global agricultural catastrophe, and the inability of the major European belligerents of World War I to agree on a reconstruction agenda, are just a few of the shocks that in aggregate pushed the world into an economic Armageddon.

    Morris does not fail to provide lessons that modern readers can learn from the Great Crash. It's tempting to pontificate about events of eighty years ago, but as Morris reminds us, our modern macroeconomics is still coming to terms with its failure to forecast how directly the much-trumpeted Great Moderation would lead to the Great Financial Crash of 2008.
    LanguageEnglish
    PublisherHighbridge Company
    Release dateMar 7, 2017
    ISBN9781681682877
    A Rabble of Dead Money: The Great Crash and the Global Depression: 1929 - 1939
    Author

    Charles R. Morris

    Charles R. Morris is the author of several books including Tycoon, American Catholic and Money, Greed, and Risk. He is a lawyer and former banker, and was president of a financial services software company. A regular contributor to the Los Angeles Times, he has also written for The Wall Street Journal and The Atlantic Monthly. He lives in New York City.

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    Reviews for A Rabble of Dead Money

    3.5/5

    9 ratings2 reviews

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    • 5/5
      What a great book. This is the best economics history book I have read ever. It does really worthes reading. I recommend.
    • 3/5
      5500. A Rabble of Dead Money The Great Crash and the Global Depression: 1929-1939, by Charles R. Morris (read 17 Sep 2017) The account in this 2017-published book of the history of the Great Depression is of interest but the heavy doses of analysis were somewhat beyond my interest, so I found much of the book not holding my well my attention, though I agreed with his analysis of the effect of the New Deal and the discussion thereof is of interest. But I confess I was annoyed that on page 272 he says the man appointed to run the NRA in 1933 was Hiram Johnson, who he describes as "a California politician". Hiram Johnson was a California politician but he was not the head of the NRA. The head of the NRA was Hugh Johnson, who was born in Kansas, attended West Point and became a brigadier general at 36. He did go to the University of California (Berkeley) and obtained a law degree but that is his only connection to California. The book says Johnson was "in the process of losing a struggle against alcoholism" and I find no reference to such in regard to either Hugh Johnson or Hiram Johnson. So the error in regard to this causes me to question the accuracy of the book, though much the author says about the Depression seems cogent and reliable.