History repeats itself: The tale of power, psychology and seductive illusion
In 1929, Andrew Ross Sorkin, the author of Too Big to Fall -the definitive history of the 2008, banking crisis, follows a similar people-centred recipe to retell a much older tale of financial hubris and nemesis: the great crash that began in 1929 in the US but which when stretched out in waves of repeated panic for several years and across many countries. Sorkin reveals the tale of its ugly aftermath, as panic moved from Wall Street to Main Street with the Great Depression of the 1930s and the sweeping regulatory response to these cascading crises. In 1929, the world … Continue reading History repeats itself: The tale of power, psychology and seductive illusion
