GREAT CRASH

Sub-titled 'How the Stock Market Crash of 1929 Plunged the World Into Depression', this 2008 book has been updated in 2021 with a new epilogue that covers the Covid-19 Collapse. It is the story of the financial cataclysm that started with the Wall Street stock market crash of 1929, and set in motion a series of economic, political and social events that affected many millions of people in America, Britain, Europe and Australia. The Crash toppled governments, spreading a wave of dictatorships in Italy and Germany, infecting entire industries and plunging millions into unemployment and poverty. By the time it began to life in 1935, the lives of people in scores of countries had changed forever. Selwyn Parker's book poses the question: could it happen again? A concise, lively study which serves as a warning to financial profligacy, self-regulation and laissez faire economic policies, and the illusion of economic stability easily undermined by what is now called 'The Shadow Banking System.' 308pp, paperback.