A Rabble of Dead Money, Charles R. Morris
A Rabble of Dead Money, Charles R. Morris
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A Rabble of Dead Money
The Great Crash and the Global Depression: 1929 - 1939

Author: Charles R. Morris

Narrator: Tom Perkins

Unabridged: 11 hr 53 min

Format: Digital Audiobook Download

Published: 03/07/2017

Synopsis

There is no single theory of what caused the Great Depression, and never will be, Morris argues. Macreconomics is a social science, and such a massive event always takes its shape from a terrible confluence of factors. The mismanagement of the gold standard, the growth in consumer credit, the insistence on deflation by some of the best minds in finance, the spread of "Fordism" through the manufacturing sector, the global agricultural catastrophe, and the inability of the major European belligerents of World War I to agree on a reconstruction agenda, are just a few of the shocks that in aggregate pushed the world into an economic Armageddon.

Morris does not fail to provide lessons that modern readers can learn from the Great Crash. It's tempting to pontificate about events of eighty years ago, but as Morris reminds us, our modern macroeconomics is still coming to terms with its failure to forecast how directly the much-trumpeted Great Moderation would lead to the Great Financial Crash of 2008.

About Charles R. Morris

Charles R. Morris is a lawyer, former banker, and New York Times bestselling author. He has written several books, including American Catholic, The Sages, and The Tycoons. He is also a regular contributor to the Los Angeles Times, the Wall Street Journal, and the Atlantic Monthly.

Reviews

Goodreads review by Susan

I know, I have a thing for the history of the Depression, read umpteen books on it, took heavy-level classes on it in college, but this book - Wow. Sooo much information, and every bit of it makes sense. Morris covers reams of material that he uses to show the reasons of the Depression, how we got t......more

Goodreads review by Terry

Well laid out and informative. It's a bit dry as it feels more textbook information and less like a casual telling of history.......more

Goodreads review by Michael

Mr. Morris, utilizing more recent analyses of the factors leading to the Great Depression, provides an effective and concise sketch of these varied sources. The result is a better understanding of what caused (and did not cause) the Great Depression. The stock market crash of 1929 is often cited as......more

Goodreads review by Len

The problem with this history is not that Morris doesn't have a firm grasp on the subject matter. It's that he steadfastly refuses to tell the story in an approachable way. Economic theories and data abound, but the author assumes his readers are as comfortable with the gold standard, monetary polic......more

Goodreads review by Angela

It was a dry, dull read of data after data. The author provided extensive data on the factors that contributed to global depression. It was difficult to read through the book! I would recommend the book to readers who enjoy reading dry information.......more

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