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Differentiation on the Stock Market Crash of 1929

Klein. Maury. “ The Stock Market Crash of 1929: A Review Article.” The Business History Review , 75: 2. (Summer, 2001), 325-351.

The Maury Klein article I chose reflects on the perceptions of many regarding the details of the Stock Market Crash of 1929. The crash has received surprisingly little attention from scholars ever since the time of the event and it has also produced little argument as to its causes and consequences. Klein writes this review to suggest that the disagreements and disputes relating to the crash have exposed as much about what can and cannot be known for certain about the event as they do about potential resolutions to the mysteries of the crash. In doing so, there are a few critical factors brought up that are used in the review to support his suggestion. Among them include the analysis of what caused the crash, and what, if any, the correlation between the crash is to the Great Depression that proceeded. In addition to this, I was also curious to critique based some of the information given in the article. I was interested to the extent to which I thought, how such a crash and Depression could repeat itself in the future. The crash, the most overwhelming in the history of the United States, is an event not consisting of one single day, but rather a series of multiple events from the 23rd of October up until the 31st. During these eight sessions, a total of almost 70.8 million shares were traded; in addition, both the averages for the Down Jones average and the New York Times averaged decreased dramatically. The first thing taken into consideration by Maury Klein in the review is an analysis of the causes for the market crash in 1929. The uncertainty and disagreements among scholars and critics is evident in the article in relation to the debate of possible causes for the market crash. H. Parker Willis, is the first to point out that his personal opinion for the primary
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