The stock market boom of the 1920s, the crash of October 1929, the bank failures and the depression that followed, and the gold standard that spread it.
The Depression ran deep because no country would act as the world's stabiliser.
How the gold standard spread the Depression, and why leaving it early meant recovery.
How four central bankers and the gold standard turned a slump into the Depression.
“I'm going to use "classic" again but rightfully so.” — Christopher Bloomstran
Source: Semper Augustus 2020 Letter to Clients, 'To Read or Not to Read', p. 57
Recommended by: Christopher Bloomstran, Mohnish Pabrai
How 1930s lessons guided policy in 2008, averting a depression but adding errors.
The 1933 Senate hearings exposing bankers' practices that led to securities laws.
“It's a passage from one of my favorite books, "Wall Street Under Oath.” — Howard Marks
Source: Oaktree memo 'Learning From Enron'
Recommended by: Howard Marks
Wall Street from 1920 to 1938: the boom, the crash, the Depression and reform.
Recommended by: Mohnish Pabrai, Brendan Moynihan
Papers on the Depression's causes, from the gold standard to failing banks.
The best single narrative of 1929 itself.
An Ohio lawyer's diary of the Depression years as he lived through them.
Recommended by: Mohnish Pabrai, Morgan Housel and 1 other
The Austrian account of 1929 and the policy response that followed
“It's a timeless and timely classic.” — Christopher Bloomstran
Source: Semper Augustus 2020 Letter to Clients, 'To Read or Not to Read', p. 57
Recommended by: Christopher Bloomstran, Mohnish Pabrai
The definitive study of the bank failure that broke Central European finance.
American life in the 1920s, from the Armistice to the crash.
Recommended by: The Barefoot Investor
The late-1920s boom in margin loans and investment trusts, and the 1929 crash.
Recommended by: Mohnish Pabrai
A reference history of US securities markets from the 1929 crash to 1933.
Recommended by: Mohnish Pabrai
The Great Depression told through the stories of the common people who endured it.
Recommended by: Balaji S. Srinivasan
The 1920-21 depression: severe, yet over in eighteen months without stimulus.
The 1929 Wall Street crash: the greed and folly behind America's greatest collapse.
Recommended by: Bill Gates, Howard Marks
Andrew Ross Sorkinwrote 1 book here