Rainbow's End: The Crash of 1929
Oxford University Press: Pivotal Moments in US History
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Narrated by:
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Sean Crisden
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By:
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Maury Klein
About this listen
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.
©2001 Maury Klein (P)2011 Audible, Inc.Listeners also enjoyed...
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- Length: 11 hrs and 51 mins
- Unabridged
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To save the economy and keep Citi afloat in 2008, the government provided huge infusions of cash through multiple bailouts that frustrated and angered the American public. But, as Wall Street Journal writer James Freeman and financial expert Vern McKinley reveal, the 2008 crisis was just one of many disasters Citi has experienced since its founding more than 200 years ago. In Borrowed Time they reveal Citi’s disturbing history of instability and government support. It’s a story that neither Citi nor Washington wants told.
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Biased
- By CF on 08-09-19
By: James Freeman, and others
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More Money Than God
- Hedge Funds and the Making of a New Elite
- By: Sebastian Mallaby
- Narrated by: Alan Nebelthau
- Length: 16 hrs and 4 mins
- Unabridged
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The Paul Volker Senior Fellow in International Economics at the Council on Foreign Relations, Washington Post journalist Sebastian Mallaby has garnered New York Times Editor’s Choice and Notable Book honors for his enthralling nonfiction. Bolstered by Mallaby’s unprecedented access to the industry, More Money Than God tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007–2009.
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Valiant effort but lacking analytic horsepower...
- By ND on 01-10-11
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The Tycoons
- How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
- By: Charles R. Morris
- Narrated by: William Hughes
- Length: 14 hrs and 34 mins
- Unabridged
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The modern American economy was the creation of four men: Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan. They were the giants of the Gilded Age, a moment of riotous growth that established America as the richest, most inventive, and most productive country on the planet. Acclaimed author Charles R. Morris vividly brings these men and their times to life. The Tycoons tells the incredible story of how these four determined men wrenched the economy into the modern age, inventing a nation of full economic participation that could not have been imagined earlier.
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Good book wrong title
- By Hectoris on 10-06-16
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When Genius Failed
- The Rise and Fall of Long-Term Capital Management
- By: Roger Lowenstein
- Narrated by: Roger Lowenstein
- Length: 9 hrs and 12 mins
- Abridged
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Roger Lowenstein, the bestselling author of Buffett, captures Long-Term's roller-coaster ride in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-nineties culture of Wall Street that made it all possible.
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When Genius Failed
- By Sean on 12-17-08
By: Roger Lowenstein
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The Story of Silver
- How the White Metal Shaped America and the Modern World
- By: William L. Silber
- Narrated by: Jim Meskimen
- Length: 10 hrs and 10 mins
- Unabridged
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This is the story of silver's transformation from soft money during the 19th century to hard asset today, and how manipulations of the white metal by American president Franklin D. Roosevelt during the 1930s and by the richest man in the world, Texas oil baron Nelson Bunker Hunt, during the 1970s altered the course of American and world history. FDR pumped up the price of silver to help jump start the US economy during the Great Depression, but this move weakened China, which was then on the silver standard, and facilitated Japan's rise to power before World War II.
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A Detailed Account of Silver's Monetary History
- By Brandy Crosby on 01-11-21
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The Money Culture
- By: Michael Lewis
- Narrated by: Alexander Cendese
- Length: 6 hrs and 52 mins
- Unabridged
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The 1980s was the most outrageous and turbulent era in the financial market since the crash of ’29, not only on Wall Street but around the world. Michael Lewis, as a trainee at Salomon Brothers in New York and as an investment banker and later financial journalist, was uniquely positioned to chronicle the ambition and folly that fueled the decade. In these trenchant, often hilarious true tales we meet the colorful movers and shakers who commanded the headlines and rewrote the rules.
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Not the normal great Michael Lewis
- By Me on 05-12-12
By: Michael Lewis
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Americana
- A 400-Year History of American Capitalism
- By: Bhu Srinivasan
- Narrated by: Scott Brick, Bhu Srinivasan
- Length: 21 hrs and 18 mins
- Unabridged
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From the days of the Mayflower and the Virginia Company, America has been a place for people to dream, invent, build, tinker, and bet the farm in pursuit of a better life. Americana takes us on a 400-year journey of this spirit of innovation and ambition through a series of Next Big Things - the inventions, techniques, and industries that drove American history forward: from the telegraph, the railroad, guns, radio, and banking, to flight, suburbia, and sneakers, culminating with the Internet and mobile technology at the turn of the 21st century.
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Excellent history!
- By L. Maranto on 10-14-17
By: Bhu Srinivasan
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Fool's Gold
- By: Gillian Tett
- Narrated by: Stephen Hoye
- Length: 10 hrs and 7 mins
- Unabridged
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Gillian Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control. The deeply reported and lively narrative takes readers behind the scenes, to the inner sanctums of elite finance and to the secretive reaches of what came to be known as the "shadow banking" world.
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Outstanding narrative about the financial crisis
- By D. Littman on 07-17-09
By: Gillian Tett
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The Forgotten Man
- By: Amity Shlaes
- Narrated by: Terence Aselford
- Length: 14 hrs and 34 mins
- Unabridged
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It's difficult today to imagine how America survived the Great Depression. Only through the stories of the common people who struggled during that era can we really understand how the nation endured. In The Forgotten Man, Amity Shlaes offers a striking reinterpretation of the Great Depression. Rejecting the old emphasis on the New Deal, she turns to the neglected and moving stories of individual Americans, and shows how they helped establish the steadfast character we developed as a nation.
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a story of forgotten times
- By Debb Robinson on 10-11-07
By: Amity Shlaes
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Why Wall Street Matters
- By: William D. Cohan
- Narrated by: Rob Shapiro
- Length: 4 hrs and 14 mins
- Unabridged
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William D. Cohan is no knee-jerk advocate for Wall Street and the big banks. He's one of America's most respected financial journalists and the progressive best-selling author of House of Cards. He has long been critical of the bad behavior that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and because he spent 17 years as an investment banker on Wall Street, he is an expert on its inner workings as well.
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An Inch Deep and A Mile Wide
- By Doug Sheridan on 04-26-17
By: William D. Cohan
What listeners say about Rainbow's End: The Crash of 1929
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Philo
- 04-18-13
Plenty of fine detail, especially of the 1920s
The crash and Great Depression are of course iconic stories. This book starts in the late teens and follows various threads through the 1920s, culminating in the crash. It is more about the "rainbow" than its end. It adds a lot of telling detail to the more familiar overall story. This is fine business and financial history, with several mini-biographies of key characters.
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7 people found this helpful
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- AlexIndia
- 08-27-12
Solid material very little narrative
If you could sum up Rainbow's End: The Crash of 1929 in three words, what would they be?
It flows but not in a story like manner. It is allot of facts and some stories about key characters who played pivotal roles in the crash but was lacking in the type of story telling which would have made me want to listen. I had to make myself listen and pay attention.
What other book might you compare Rainbow's End: The Crash of 1929 to and why?
An encyclopedia or the wikapedia on the internet
Did Sean Crisden do a good job differentiating all the characters? How?
Not really... first there were no characters or rather no dialogue. He had a good voice but got into a rhythm which became annoying. It was like listening to a horse race back in the 1930's.
Was this a book you wanted to listen to all in one sitting?
No I struggled to pay attention because it had was missing a compelling story line other than the facts and figures of the crash. Also the speaker was annoying with the rhythm he used to read the book.
Any additional comments?
Should you buy this book? The answer is yes, overall. This book has some solid material regarding the crash. I am 47 now, so I never saw the '29 crash, but Mom and Dad both lived through it and my maternal grandfather owned two banks at the time of the crash and it affected my family severely. We went from riches to rags in a matter of two years. This book has allot of facts that you cant find in other books. So overall I am glad I got it and though i have struggled through it for the reasons above, it still is good source material. It is better than a text book.
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2 people found this helpful
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- Rick
- 03-04-16
I've been looking for a book like this...
The topic sparked my interest about a dozen years ago after reading Karen Blumenthal's "Six Days in October - The Stock Market crash of 1929" Her book, was children's book believe it or not and is quite good! I actually got that recommendation from the Wall Street Journal as I recall. It's about 150 pages and you can read it in an afternoon. And do so before you listen to this one because it'll be a good primer for what actually happened. People often get confused and lost in the Stock Market stuff relating to that time frame but Blumenthal's book bridges that gap.
Then pick this one up. "Rainbow's End" does an excellent job of explaining all the events that lead up to the crash including the sentiment of the average American, how spirits were on the rise, marketing was making a big push into every residential home in the country, and people were spending money (often money they didn't have), on having good time and entertaining themselves. That piece is really quite interesting. The book will then take you thru every aspect of the crash and how it came to be, who the major players were, and how they fared.
And the narration was quite good too. The reader did an excellent job of keeping the listener engaged while maintaining a steady voice with good annunciation, and inflection. I'd listen to him again.
This title is worth your time and at just under 12 hours, you get thru it in record time!
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5 people found this helpful