The Stock Market Crash of 1929 – Part 1: To The Moon!

Conflicted: A History Podcast

Zach Cornwell

Society & Culture, Education, History

4.8 • 610 Ratings

🗓️ 14 January 2022

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

One of the worst financial disasters in history unfolded on Wall Street in late October of 1929. Within a week, 30 billion dollars had disappeared into thin air, leaving the global economy in tatters and heralding the beginning of a worldwide Depression. But what exactly happened? And why? In Part 1 of this 3-Part series on the Wall Street Crash of 1929, we discover how the American public became fatally infatuated with the stock market during the “Roaring 20’s”; and how one debauched day trader – Jesse Livermore – saw the whole thing coming. SOURCES: Ahamed, Liaquat. Lords of Finance: The Bankers Who Broke the World. 2009. Blumenthal, Karen. Six Days in October. 2002. Charles Rivers Editors. Jesse Livermore. 2021. Charles Rivers Editors. Wall Street. 2020. Galbraith, John Kenneth. The Great Crash 1929. 1955. Galbraith, John Kenneth. A Short History of Financial Euphoria. 1990. Geisst, Charles R. Wall Street: A History. 1997. Klein, Maury. Rainbow’s End. 2001. Morris, Charles R. A Rabble of Dead Money. 2017. Nations, Scott. A History of the United States in Five Crashes. 2017. Parker, Selwyn. The Great Crash. 2008. Perino, Michael. The Hellhound of Wall Street. 2010. Rubython, Tom. Jesse Livermore: Boy Plunger. 2016. Thomas, Gordon. Morgan-Witts, Max. The Day the Bubble Burst. 1979. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	If you haven't tried Abercrombie denim yet, you're missing out.
0:03.8	Denim should fit like this.
0:06.0	It's all about proportions.
0:07.7	Abercrombie has their classic fits and athletic fits for guys who want a little more room in the thigh.
0:13.1	When you find your staple fit, it'll be the pair you reach for day after day for every plan.
0:19.2	Shop Abercrombie denim in the app, online and in store.
0:26.8	Hey Harry.
0:27.8	Hello, mate.
0:28.7	Got any tips for the football?
0:29.9	Your best bet is to head over to bet Victor.
0:32.0	They'll give a new customer a terrific welcome offer.
0:34.9	If you bet a minimum of £10, they'll give you £30 in free bets. Oh, that's a steel of a deal. It's a good darn deal that'll make your squirrel for real. Neil? My name's not Neil. I know, but it rhymed. Listen to Harry and make your best bet on the football at Bet Victor. 18 plus opt in and bet on any football marketing at odds of evens or greater no cash out seven day expiry terms and conditions apply gamblerware.org.
0:57.3	Hello and welcome to conflicted, the history podcast where we talk about the struggles that shaped us, the tough questions that they pose and why we should care about any of it.
1:06.5	Conflicted is a member of the Evergreen podcast network. and as always, I'm your host, Zach Cornwell.
1:12.5	Guys, I am very excited about today's episode. It is honestly a topic that I've had my eye on for a while,
1:18.8	but because it's such a sprawling and complex subject, I'd been a little nervous to really dive in and tackle it,
1:25.0	but now seems like the right time. Over the next few episodes,
1:28.6	we will be examining one of the most notorious events in American history, arguably world history.
1:35.0	During the course of one week, in October of 1929, 30 billion dollars of wealth vanished into thin
1:41.6	air. What began as a tremor of panic in downtown New York mutated
1:46.5	into a financial shockwave that rippled across the entire United States and out into the wider
1:51.8	world. This event destabilized the world economy. It impoverished entire generations, and it
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Zach Cornwell, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Zach Cornwell and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.