The Stock Market Crash of 1929 – Part 2: Age of Illusion

Conflicted: A History Podcast

Zach Cornwell

Society & Culture, Education, History

4.8 • 610 Ratings

🗓️ 23 February 2022

⏱️ 110 minutes

🔗️ Recording | iTunes | RSS

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Summary

As economic disaster looms in the Fall of ‘29, the American public is blissfully unaware, entranced by stratospheric share prices and the sunny proclamations of Wall Street cheerleaders. Jesse Livermore, the infamous “Boy Trader”, follows his hunches and prepares for the coming catastrophe. The Federal Reserve, rudderless and impotent after the untimely death of its leader Ben Strong, sits on its hands. “Sunshine” Charlie Mitchell, chief executive of the country’s largest bank, injects fresh life into the boom as the stock market bubble inflates to dangerous heights of make-believe. SOURCES: Ahamed, Liaquat. Lords of Finance: The Bankers Who Broke the World. 2009. Allen, Frederick Lewis. Only Yesterday: An Informal History of the 1920s. 1931 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

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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.
1:06.4	Conflicted is a member of the Evergreen podcast network. And as always, I'm your host, Zach Cornwell.
1:12.1	You are listening to Part 2 of a three-part series on the Stock Market Crash of 1929. As always,
1:18.7	if you haven't listened to Part 1, I'd recommend you do that, or you might find yourself a little
1:22.4	lost in this next episode. But for those of you who are all caught up, let's take a quick
1:26.6	second to refresh our
	...

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