After the stock market crash of November, 1929

Name: After the stock market crash of November, 1929
Author: Henry Howard Harper

By Henry Howard Harper

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About This Book

The author provides a concise account of the speculative boom that led to the 1929 market collapse, analyzing how stock trading became mass activity through investment trusts, aggressive promotion, and popular confidence. He traces psychological and structural factors—widespread belief in endless price increases, piling into active issues despite low dividend yields, reliance on reputed financiers, and rumor-driven momentum—that converted cautious saving into speculative gambling. The chapter argues these dynamics created systemic vulnerability, with professional managers, advertising, and social contagion driving prices far beyond underlying values.

About the Author

Henry Howard Harper

Henry Howard Harper was an American author known for his diverse contributions to literature, particularly in the realms of travel writing and psychology. His notable work, "A Journey in Southeastern Mexico," reflects his explorations and observations of the region, offering readers a glimpse into its culture and landscapes. Harper also delved into the complexities of human behavior and finance in his book "The Psychology of Speculation," which examines the mental processes behind investment decisions. Additionally, he explored the world of bibliophiles in "Book-Lovers, Bibliomaniacs and Book Clubs," showcasing his passion for literature and reading communities. Harper's writings provide valuable insights into both personal and societal themes.