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34

The Crash of 1929

Lecture no. 34 from the course: Crashes and Crises: Lessons from a History of Financial Disasters

The Crash of 1929

Taught by Professor Connel Fullenkamp | 09 min | Categories: The Great Courses Plus Online Economics & Finance Courses

Dissect the notorious Wall Street crash of 1929, starting with the economic conditions that led to a feverish speculative boom during the “Roaring ’20s.” Survey investment practices of the day, some of which are now outlawed. Trace the rise in stock prices into the fall of 1929, when a normal market correction seemed underway. Probe explanations for why it suddenly turned into a crash.

96 Lectures

1
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Fintech, Crypto, and the Future of Disaster
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2
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Cryptocurrencies and Blockchains
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3
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Cryptocurrency’s Biggest Threat
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4
Image of The Con Men Charles Ponzi and Ivar Kreuger
The Con Men Charles Ponzi and Ivar Kreuger
0 of 02 min
5
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Three Key Ingredients of Charles Ponzi’s Scheme
0 of 12 min
6
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The Match King: Charming, Charismatic, and a Cheat
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7
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Lessons from Ponzi and Kreuger
0 of 02 min
8
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A Boom in Busts
0 of 02 min
9
Image of A History of Chaos: From Tulips to 1929
A History of Chaos: From Tulips to 1929
0 of 11 min
10
Image of Unleashing Deregulation, Leverage, and Risk
Unleashing Deregulation, Leverage, and Risk
0 of 14 min
11
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When Society and Regulation Conflict
0 of 00 min
12
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The Tulip Bubble
0 of 10 min
13
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High Fashion, Broken Bulbs, and Avid Traders
0 of 07 min
14
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Serious Trades or Fun and Games?
0 of 09 min
15
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The South Sea Bubble
0 of 06 min
16
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British Government Cuts a Nifty Deal
0 of 19 min
17
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Rational Behavior in Irrational Markets
0 of 01 min
18
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The Mississippi Bubble
0 of 04 min
19
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European Adventure: The Future of Money
0 of 20 min
20
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The Paper Money Experiment Ends
0 of 01 min
21
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Holes in the Ground: Mining Stock Frauds
0 of 08 min
22
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George Graham Rice: World-Class Liar
0 of 13 min
23
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Herbert Hoover’s Close Call in London
0 of 06 min
24
Image of The Panic of 1907
The Panic of 1907
0 of 04 min
25
Image of Dual-Charter Banking: Federal and State Licenses
Dual-Charter Banking: Federal and State Licenses
0 of 04 min
26
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How the Gold Standard Limited Bank Liquidity
0 of 09 min
27
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Enter J. P. Morgan
0 of 03 min
28
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Morgan’s Last Hurrah
0 of 06 min
29
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Hyperinflation in Germany and Zimbabwe
0 of 05 min
30
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The Origins of the German (or Weimar) Hyperinflation
0 of 05 min
31
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The Role of War Reparations in German Inflation
0 of 04 min
32
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From High Inflation to Hyperinflation
0 of 07 min
33
Image of Trouble in Zimbabwe
Trouble in Zimbabwe
0 of 08 min
34
Image of The Crash of 1929
The Crash of 1929
0 of 09 min
35
Image of Hyperinflation’s Common Denominator
Hyperinflation’s Common Denominator
0 of 03 min
36
Image of Party Favors: Buying Stocks on Margin
Party Favors: Buying Stocks on Margin
0 of 03 min
37
Image of Stock Pools: Swimming with Sharks
Stock Pools: Swimming with Sharks
0 of 04 min
38
Image of From Optimism to Overvaluation
From Optimism to Overvaluation
0 of 09 min
39
Image of The Great Contraction of 1931–1933
The Great Contraction of 1931–1933
0 of 06 min
40
Image of 1930–1931: Regional Banking Panics
1930–1931: Regional Banking Panics
0 of 06 min
41
Image of Britain Abandons the Gold Standard
Britain Abandons the Gold Standard
0 of 06 min
42
Image of A New Era of Stability
A New Era of Stability
0 of 10 min
43
Image of The Savings and Loan Crisis
The Savings and Loan Crisis
0 of 07 min
44
Image of Overregulated? Or Out of Control?
Overregulated? Or Out of Control?
0 of 06 min
45
Image of Texas, Oil, and a Boom in Trouble
Texas, Oil, and a Boom in Trouble
0 of 05 min
46
Image of Silverado: Hustling Real Estate Deals
Silverado: Hustling Real Estate Deals
0 of 04 min
47
Image of Zombie S&Ls: Life after Death
Zombie S&Ls: Life after Death
0 of 05 min
48
Image of The Crash of 1987
The Crash of 1987
0 of 07 min
49
Image of Replication, Arbitrage, and the Creation of Portfolio Insurance
Replication, Arbitrage, and the Creation of Portfolio Insurance
0 of 07 min
50
Image of The Market Cools in October 1987
The Market Cools in October 1987
0 of 08 min
51
Image of Was Portfolio Insurance at Fault for the Crash?
Was Portfolio Insurance at Fault for the Crash?
0 of 06 min
52
Image of Japan’s Lost Decade
Japan’s Lost Decade
0 of 08 min
53
Image of The Wild Ride Begins
The Wild Ride Begins
0 of 04 min
54
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Japan’s Nikkei 225 Index
0 of 08 min
55
Image of The End of the Convoy System
The End of the Convoy System
0 of 05 min
56
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Lessons from the Lost Decade
0 of 03 min
57
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Bankers Trust Swaps
0 of 04 min
58
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Certainty vs. Uncertainty
0 of 08 min
59
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Fixed vs. Floating
0 of 04 min
60
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An Interesting Formula
0 of 05 min
61
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Changing the Culture at Bankers Trust
0 of 07 min
62
Image of Asia, Greece, and Global Contagion
Asia, Greece, and Global Contagion
0 of 06 min
63
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The Three Sources of Demand for the Thai Baht
0 of 07 min
64
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The Undervaluation-Overvaluation Equation
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65
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Thailand’s Boom before the Bust
0 of 04 min
66
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The Orange County, California, Bankruptcy
0 of 07 min
67
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Orange County Discovers Repos
0 of 04 min
68
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Robert Citron Leverages Up
0 of 07 min
69
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Inverse Floaters: When Rates Rise
0 of 09 min
70
Image of The Dotcom Bubble
The Dotcom Bubble
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71
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Intangible Value and Technology
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72
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Misunderstanding P = D/(r - g)
0 of 05 min
73
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0 of 09 min
74
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Rogue Traders at SocGen and Barings
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75
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Jérôme Kerviel and Société Générale
0 of 05 min
76
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Jerome Kerviel’s Secret Strategy
0 of 05 min
77
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Nick Leeson and Barings Bank
0 of 09 min
78
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Do Rogue Traders Operate Alone?
0 of 03 min
79
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Unhedged! Long-Term Capital Management
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80
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Meriwether’s Dream Team
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81
Image of The Fall of Long-Term Capital
The Fall of Long-Term Capital
0 of 11 min
82
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The London Whale and Value at Risk
0 of 10 min
83
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Markets Aren’t Models
0 of 05 min
84
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London Whale Affair
0 of 12 min
85
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The Goldilocks Economy and Three Bads
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86
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The Global Money Supply Expands
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87
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Opportunities for Mischief
0 of 09 min
88
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A Flawed Belief and Light Touch
0 of 04 min
89
Image of Subprime Debt and the Run on Wall Street
Subprime Debt and the Run on Wall Street
0 of 04 min
90
Image of Birth of Subprime
Birth of Subprime
0 of 03 min
91
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New Century: A Domino Falls
0 of 15 min
92
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Allowing Lehman to Fail
0 of 03 min
93
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94
Image of The Great Recession Hits China’s Exports
The Great Recession Hits China’s Exports
0 of 09 min
95
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Signaling Danger: Credit-to-GDP Ratio
0 of 07 min
96
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Will China Bail Itself Out Again?
0 of 05 min

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