Rainbow's End: The Crash of 1929

  • by Maury Klein
  • Narrated by Sean Crisden
  • 11 hrs and 49 mins
  • Unabridged Audiobook

Publisher's Summary

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.


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Customer Reviews

Most Helpful

From a UK perspective

Where does Rainbow's End: The Crash of 1929 rank among all the audiobooks you’ve listened to so far?

The book is wonderful. Most companies on the Stock market do share buybacks and dividends in terms of real business growth. Also the book explains well how science, technology, knowledge and construction techniques have improved. In real terms of modern economic growth buildings have not doubled in size every 30 years going back 100 years or more. Also the average salary is still only able to only to afford 1 adult + 2 children + living expenses.

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- Robo

Quite interesting but...

This was quite interesting as far as exploring how the bubble and crash occurred and gave quite a good overview of these events, but a lot of it was very American specific that can make it quite difficult for non Americans to connect with - largely the habit the author has for setting the scene or suggesting the mood of the time was shown via sports with long baseball examples. If you don't know or follow baseball these frequent forays can make the book pretty inaccessible.
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- Elizabeth

Book Details

  • Release Date: 15-03-2011
  • Publisher: Audible Studios