
The Stock Market Crash of 1929 – Part 2: Age of Illusion
As economic disaster looms in the Fall of ‘29, the American public is blissfully unaware, entranced by stratospheric share prices and the sunny proclamations of Wall Street cheerleaders. Jesse Livermore, the infamous “Boy Trader”, follows his hunches and prepares for the coming catastrophe. The Federal Reserve, rudderless and impotent after the untimely death of its leader Ben Strong, sits on its hands. “Sunshine” Charlie Mitchell, chief executive of the country’s largest bank, injects fresh life into the boom as the stock market bubble inflates to dangerous heights of make-believe.
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Show Notes
As economic disaster looms in the Fall of ‘29, the American public is blissfully unaware, entranced by stratospheric share prices and the sunny proclamations of Wall Street cheerleaders. Jesse Livermore, the infamous “Boy Trader”, follows his hunches and prepares for the coming catastrophe. The Federal Reserve, rudderless and impotent after the untimely death of its leader Ben Strong, sits on its hands. “Sunshine” Charlie Mitchell, chief executive of the country’s largest bank, injects fresh life into the boom as the stock market bubble inflates to dangerous heights of make-believe.
SOURCES:
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Allen, Frederick Lewis. Only Yesterday: An Informal History of the 1920s. 1931
Blumenthal, Karen. Six Days in October. 2002.
Charles Rivers Editors. Jesse Livermore. 2021.
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Galbraith, John Kenneth. The Great Crash 1929. 1955.
Galbraith, John Kenneth. A Short History of Financial Euphoria. 1990.
Geisst, Charles R. Wall Street: A History. 1997.
Klein, Maury. Rainbow’s End. 2001.
Morris, Charles R. A Rabble of Dead Money. 2017.
Nations, Scott. A History of the United States in Five Crashes. 2017.
Parker, Selwyn. The Great Crash. 2008.
Perino, Michael. The Hellhound of Wall Street. 2010.
Rubython, Tom. Jesse Livermore: Boy Plunger. 2016.
Thomas, Gordon. Morgan-Witts, Max. The Day the Bubble Burst. 1979.
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