Hello all! I have created very in-depth notes and often found myself re-reading some sections just so I digest it correctly, as I am not an expert on stocks. I found this book very informative and humorous, as well as dry at times. Galbraith often discusses how and why stocks are rising and their falls towards the end of the book. I will upload scanned copies of my notes if anyone finds use for them.
Paul Samuelson, Abba Lerner and John Kenneth Galbraith in relation to Assignment
Source Report In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down. John Kenneth Galbraith.
Galbraith: Bubbles and the Bias Behind Speculation
Source Report At best, in such depression times, monetary policy is a feeble reed on which to lean. John Kenneth Galbraith. Moreover, regulatory bodies, like the people who comprise them, have a marked life cycle. In youth they are vigorous, aggressive, evangelistic, and even intolerant.
In his book, he begins with the events leading up to the crash and how the stock market formed into such a dominant presence within the American economy and ultimately the world economy. He uses people and events to help describe and elucidate his points and opinions about how the great crash came to be a catastrophic event that was inevitable to happen and in no way of really preventing. I will specifically focus my lessons on how the Great Depression affected the state of North Carolina. I will be focusing my lesson on teaching eighth grade. The Great Depression is undoubtedly one of the most significant events in American and world history.