Introduction to the Book
This document serves as an informational guide to Andrew Ross Sorkin's critically acclaimed book, 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation. The book meticulously chronicles the events leading up to, during, and immediately following the infamous 1929 stock market crash, exploring its profound economic and societal repercussions.
Sorkin, a renowned financial journalist and author, delves into historical records and newly uncovered documents to present a vivid narrative of the era. The work aims to provide a comprehensive understanding of the forces that contributed to this pivotal moment in financial history and its enduring lessons.
Product Overview: '1929'
Andrew Ross Sorkin's 1929 offers a riveting account of the most infamous stock market crash in history. It details how the unstoppable Wall Street bull market went into a freefall, wiping out fortunes and igniting a depression that reshaped a generation. The book explores the chaos of the crash, the battle between Wall Street and Washington, and the larger-than-life characters whose ambition and naiveté led to disaster.
The narrative highlights the dizzying highs and brutal lows of this era, drawing parallels to contemporary financial landscapes. It emphasizes the cycles of speculation, the forces driving financial upheaval, and the warning signs that are often disregarded.
Image: The book cover of '1929' by Andrew Ross Sorkin, depicting the title in fractured white text against a red background, symbolizing the market crash.
Core Concepts Explored
The book delves into several critical themes:
- Market Exuberance and Speculation: Examination of the unchecked optimism and speculative practices that inflated the market bubble.
- Human Psychology in Finance: The role of ambition, greed, and the illusion that 'this time is different' in driving financial decisions.
- Regulatory Oversight: The interplay between Wall Street and Washington, and the consequences of insufficient regulation.
- Ripple Effects: How the crash led to the Great Depression and reshaped the nation.
- Historical Parallels: Drawing connections between the events of 1929 and subsequent financial crises, including the 2008 banking crisis.
About Andrew Ross Sorkin
Andrew Ross Sorkin is an award-winning journalist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor at large of DealBook, an online daily financial report published by The New York Times. Sorkin is the bestselling author of Too Big to Fail, which was adapted into an Emmy-nominated film, and co-creator of the drama series Billions on Showtime. His extensive background in financial journalism provides a unique perspective on the historical events detailed in 1929.
Critical Reception
1929 has received widespread acclaim for its detailed research, engaging narrative, and insightful analysis. Reviewers have praised Sorkin's ability to transform complex financial history into a compelling and human story.
Image: A promotional graphic featuring a quote from The Wall Street Journal, highlighting the book as 'one of the best narrative histories'.
Image: A promotional graphic featuring a quote from The Financial Times, describing the book as 'a work of true scholarship'.
Image: A promotional graphic featuring a quote from Walter Isaacson, praising the book as 'mesmerizing' and 'a master class in narrative nonfiction'.
Image: A promotional graphic featuring a quote from Doris Kearns Goodwin, highlighting the book's 'lasting resonance'.
Contemporary Relevance
The book's exploration of the 1929 crash offers valuable insights into the patterns of financial markets that remain relevant today. It serves as a cautionary tale, reminding readers that economic downturns often stem from a combination of overconfidence, lack of oversight, and speculative bubbles. The parallels drawn between the past and present encourage a deeper understanding of current economic conditions and the potential for similar events.
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Book Details and Specifications
- Publisher: Viking
- Publication Date: October 14, 2025
- Language: English
- Print Length: 592 pages
- ISBN-10: 0593296966
- ISBN-13: 978-0593296967
- Item Weight: 1.7 pounds
- Dimensions: 6.33 x 1.86 x 9.35 inches
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