The first major history of the Crash in over a decade, Rainbow's End tells the story of the stock market collapse in a colorful, swift-moving narrative that blends a vivid portrait of the 1920s with an intensely gripping account of Wall Street's greatest catastrophe.
The book offers a vibrant picture of a world full of plungers, powerful bankers, corporate titans, millionaire brokers, and buoyantly optimistic stock market bulls. We meet Sunshine Charley Mitchell, head of the National City Bank, powerful financiers Jack Morgan and Jacob Schiff, Wall Street manipulators such as the legendary Jesse Livermore, and the lavish-living Billy Durant, founder of General Motors. As Klein follows the careers of these men, he shows us how the financial house of cards gradually grew taller, as the irrational exuberance of an earlier age gripped America and convinced us that the market would continue to rise forever. Then, in October 1929, came a "perfect storm"-like convergence of factors that shook Wall Street to its foundations. We relive Black Thursday, when police lined Wall Street, brokers grew hysterical, customers "bellowed like lunatics," and the ticker tape fell hours behind. This is followed by the even worse Bloody Tuesday, when an irrational desire to sell at any price gripped the market and even blue chip stocks plummeted precariously. This compelling history of the Crash--the first to follow the market closely for the two years leading up to the disaster--illuminates a major turning point in our history.
©2001 Maury Klein (P)2011 Audible, Inc.
The crash and Great Depression are of course iconic stories. This book starts in the late teens and follows various threads through the 1920s, culminating in the crash. It is more about the "rainbow" than its end. It adds a lot of telling detail to the more familiar overall story. This is fine business and financial history, with several mini-biographies of key characters.
I am a Real Estate broker in Texas who is so occupied by all that I do, I no longer have time to actually read books... so I cover allot more territory in the literary world by listening... especially since I stole my daughter's ipod nano!
It flows but not in a story like manner. It is allot of facts and some stories about key characters who played pivotal roles in the crash but was lacking in the type of story telling which would have made me want to listen. I had to make myself listen and pay attention.
An encyclopedia or the wikapedia on the internet
Not really... first there were no characters or rather no dialogue. He had a good voice but got into a rhythm which became annoying. It was like listening to a horse race back in the 1930's.
No I struggled to pay attention because it had was missing a compelling story line other than the facts and figures of the crash. Also the speaker was annoying with the rhythm he used to read the book.
Should you buy this book? The answer is yes, overall. This book has some solid material regarding the crash. I am 47 now, so I never saw the '29 crash, but Mom and Dad both lived through it and my maternal grandfather owned two banks at the time of the crash and it affected my family severely. We went from riches to rags in a matter of two years. This book has allot of facts that you cant find in other books. So overall I am glad I got it and though i have struggled through it for the reasons above, it still is good source material. It is better than a text book.
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