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| 11194. THE STOCK MARKET CRASHES OF 1929 AND 1987 COMPARED. Compares why these stock market crashed and argues that the economic fundamentals that caused 1929 did not cause 1987, which was rather the result of changes in corporate capital structures, program trading, and electronic transfers. Analyzes the economic and political scenes of these eras; the role of institutions (banks, mutual funds, pension funds, etc.); various economic theories, how the crashes proceeded; their aftermaths; why 1929 led to the Depression; why 1987 did not. 25 pages, 107 footnotes, 64 bibliographic sources. |
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