The best books on the Wall Street Crash of 1929

10 authors have picked their favorite books about the Wall Street Crash of 1929 and why they recommend each book.

Soon, you will be able to filter by genre, age group, and more. Sign up here to follow our story as we build a better way to explore books.

Shepherd is reader supported. When you buy through links on our website, we may earn an affiliate commission (learn more).

Once in Golconda

By John Brooks,

Book cover of Once in Golconda: The Great Crash of 1929 and its aftershocks

There should be at least one book about the 1920s on this list, and this one deserves mention because it elegantly brings to life several of the most interesting characters from that era. There are some dubious ones, such as Jesse Livermore, the “Boy Plunger” who operated bucket shops, shady financial firms that manipulated stocks with fake news. And there are more legitimate leaders of the era: Pierpont Morgan’s son, Jack, and his brainier partner, Tom Lamont, and the power brokers of Kuhn Loeb. Brooks vividly skewers all of them. He misspelled “Golkonda,” but the essence of his story nails the excesses of the era, and is an apt reminder of how much wealth and economic inequality can result from the Federal Reserve going wild with loose monetary policy.

Once in Golconda

By John Brooks,

Why should I read it?

1 author picked Once in Golconda as one of their favorite books, and they share why you should read it.

What is this book about?

Once in Golconda "In this book, John Brooks-who was one of the most elegant of all business writers-perfectly catches the flavor of one of history's best-known financial dramas: the 1929 crash and its aftershocks. It's packed with parallels and parables for the modern reader."

Once in Golconda is a dramatic chronicle of the breathtaking rise, devastating fall, and painstaking rebirth of Wall Street in the years between the wars. Focusing on the lives and fortunes of some of the era's most memorable traders, bankers, boosters, and frauds, John Brooks brings to vivid life all the ruthlessness, greed, and reckless euphoria…


Who am I?

Frank Partnoy is the Adrian A. Kragen Professor of Law at UC Berkeley, where he co-runs an annual conference on financial fraud and teaches business law. He has written four trade press books (WAITThe Match KingInfectious Greed, and F.I.A.S.C.O.), dozens of scholarly publications, and multiple articles each for The AtlanticThe New York Review of BooksHarvard Business Review, and The Wall Street Journal, as well as more than fifty opinion pieces for The New York Times and the Financial Times. Partnoy has appeared on 60 Minutes and The Daily Show with Jon Stewart, and has testified as an expert before both houses of Congress. He is a member of the Financial Economists Roundtable and has been an international research fellow at Oxford University since 2010.


I wrote...

The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals

By Frank Partnoy,

Book cover of The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals

What is my book about?

At the height of the roaring '20s, Swedish emigre Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after his suicide in 1932, it became clear that Kreuger was not all he seemed: evidence surfaced of fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products-- many of them precursors to instruments wreaking havoc in today's markets. In this gripping financial biography, Frank Partnoy recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.

The Great Crash 1929

By John Kenneth Galbraith,

Book cover of The Great Crash 1929

The book does an outstanding job in describing the people and events that produced the October 1929 stock market crash in a highly entertaining style. Galbraith wrote more like a witty and insightful journalist than the award-winning economist that he was. This is a must-read for anyone who wants to learn about American financial history. The book is a model for writers who want to educate non-experts about public policy issues.

The Great Crash 1929

By John Kenneth Galbraith,

Why should I read it?

4 authors picked The Great Crash 1929 as one of their favorite books, and they share why you should read it.

What is this book about?

'One of the most engrossing books I have ever read' Daily Telegraph

John Kenneth Galbraith's now-classic account of the 1929 stock market collapse remains the definitive book on the most disastrous cycle of boom and bust in modern times.

Vividly depicting the causes, effects, aftermath and long-term consequences of financial meltdown, Galbraith also describes the people and the corporations who were affected by the catastrophe. With its depiction of the 'gold-rush fantasy' ingrained in America's psychology, The Great Crash 1929 remains a penetrating study of human greed and folly.


Who am I?

I was always interested in American history and studied at Brown University under an outstanding professor of American economic history, James Blaine Hedges.   During my career at the mutual fund association I often approached issues from an historical perspective. For example:  Why did Congress draft legislation in a particular way?  How would past events likely affect a regulator’s decisions today?  As a lawyer I had been trained to write carefully and precisely.  As a lobbyist I learned the need to pre


I wrote...

The Unlikely Reformer: Carter Glass and Financial Regulation

By Matthew P. Fink,

Book cover of The Unlikely Reformer: Carter Glass and Financial Regulation

What is my book about?

Recently described as "the single most important lawmaker in the history of American finance," Carter Glass nonetheless remains a much misunderstood and overlooked figure. Glass was a small-government conservative and vocal racist who nevertheless was responsible for some of the most important progressive pieces of financial legislation in U.S. history, including the Federal Reserve Act of 1913, which created mechanisms for addressing financial panics and managing the nation’s currency, the Glass-Steagall Act of 1933, which separated banks and securities firms, and the Securities Exchange Act of 1934, which created the U.S. Securities and Exchange Commission, the model New Deal agency. The book explains how these apparent contradictions emerged together at a pivotal moment in the modern American era.

The Lords of Creation

By Frederick Lewis Allen, Mark Crispin Miller (editor),

Book cover of The Lords of Creation: The History of America's 1 Percent

Allen reaches back to the post-Civil War Gilded Age to explain the beginnings of massive finance capitalism in the United States. He then goes on to take readers through the roaring 20s, the 1929 Crash, and the New Deal’s first steps at reform, The author is an entertaining writer and fun to read. He tells fascinating stories and does not bore the reader with technical explanations and statistics.

The Lords of Creation

By Frederick Lewis Allen, Mark Crispin Miller (editor),

Why should I read it?

1 author picked The Lords of Creation as one of their favorite books, and they share why you should read it.

What is this book about?

A "stimulating" account of the capitalists who changed America in the late 19th and early 20th centuries, setting the stage for the 1929 crash and Great Depression (Kirkus Reviews).

In the decades following the Civil War, America entered an era of unprecedented corporate expansion, with ultimate financial power in the hands of a few wealthy industrialists who exploited the system for everything it was worth. The Rockefellers, Fords, Morgans, and Vanderbilts were the "lords of creation" who, along with like-minded magnates, controlled the economic destiny of the country, unrestrained by regulations or moral imperatives. Through a combination of foresight, ingenuity,…


Who am I?

I was always interested in American history and studied at Brown University under an outstanding professor of American economic history, James Blaine Hedges.   During my career at the mutual fund association I often approached issues from an historical perspective. For example:  Why did Congress draft legislation in a particular way?  How would past events likely affect a regulator’s decisions today?  As a lawyer I had been trained to write carefully and precisely.  As a lobbyist I learned the need to pre


I wrote...

The Unlikely Reformer: Carter Glass and Financial Regulation

By Matthew P. Fink,

Book cover of The Unlikely Reformer: Carter Glass and Financial Regulation

What is my book about?

Recently described as "the single most important lawmaker in the history of American finance," Carter Glass nonetheless remains a much misunderstood and overlooked figure. Glass was a small-government conservative and vocal racist who nevertheless was responsible for some of the most important progressive pieces of financial legislation in U.S. history, including the Federal Reserve Act of 1913, which created mechanisms for addressing financial panics and managing the nation’s currency, the Glass-Steagall Act of 1933, which separated banks and securities firms, and the Securities Exchange Act of 1934, which created the U.S. Securities and Exchange Commission, the model New Deal agency. The book explains how these apparent contradictions emerged together at a pivotal moment in the modern American era.

The Clewiston Test

By Kate Wilhelm,

Book cover of The Clewiston Test

Brilliant young scientist develops a miraculous new pain-killer. A goldmine for the pharmaceutical company! But is the serum really safe? Ann Clewiston Symonds, the scientist at the heart of this story, comes up against Big Pharma’s disdain for ethical issues, and then a car crash dumps her on the customer’s side of the counter. What follows is riveting, chilling, and still horribly relevant today. Kate Wilhelm was extremely good at telling the hard truths about sci-fi material, that sci-fi usually avoids, and this is her best.

The Clewiston Test

By Kate Wilhelm,

Why should I read it?

1 author picked The Clewiston Test as one of their favorite books, and they share why you should read it.

What is this book about?

The Clewiston test


Who am I?

I’m fascinated by the sciences, and I love mysteries. I’m too lazy, unfocused, and poor at math, ever to have been a scientist, and I’ve never been tempted to try a career as a detective. Instead, I’ve spent my life pursuing fairytales, thrillers, ghost stories, and even horror and romance — as long as there are mysteries involved. By now I see the patterns and rhythms, and set-pieces that appear again, and again, and I can point them out to you (as long as you don’t mind knowing how the story’s been made). But I never get tired of the endless variations on this theme of finding things out. 


I wrote...

Proof of Concept

By Gwyneth Jones,

Book cover of Proof of Concept

What is my book about?

On a desperately overcrowded future Earth, crippled by climate change, the most unlikely hope is better than none. Governments turn to Big Science to provide them with the dreams that will keep the masses compliant. The Needle is one such dream, an installation where the most abstruse theoretical science is being tested: science that might make human travel to a habitable exoplanet distantly feasible.

When the Needle’s director offers her underground compound as a training base, Kir is thrilled to be invited to join the team, even though she knows it’s only because her brain is host to a quantum artificial intelligence called Altair. But Altair knows something he can’t tell. Kir, like all humans, is programmed to ignore future dangers. Between the artificial blocks in his mind, and the blocks evolution has built into his host, how is he going to convince her the sky is falling?

Book cover of The Hellhound of Wall Street: How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance

Professor Perino’s book explains how Ferdinand Pecora, counsel to the Senate Banking Committee, ran the explosive hearings that virtually guaranteed Glass-Steagall’s enactment. I particularly enjoyed reading about Pecora because he and the subject of my book, Carter Glass, were allies in the battle for financial reform. While Perino is a distinguished professor of law, he writes in a non-legalistic and gripping style.

The Hellhound of Wall Street

By Michael Perino,

Why should I read it?

1 author picked The Hellhound of Wall Street as one of their favorite books, and they share why you should read it.

What is this book about?

A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street.

In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief…


Who am I?

I was always interested in American history and studied at Brown University under an outstanding professor of American economic history, James Blaine Hedges.   During my career at the mutual fund association I often approached issues from an historical perspective. For example:  Why did Congress draft legislation in a particular way?  How would past events likely affect a regulator’s decisions today?  As a lawyer I had been trained to write carefully and precisely.  As a lobbyist I learned the need to pre


I wrote...

The Unlikely Reformer: Carter Glass and Financial Regulation

By Matthew P. Fink,

Book cover of The Unlikely Reformer: Carter Glass and Financial Regulation

What is my book about?

Recently described as "the single most important lawmaker in the history of American finance," Carter Glass nonetheless remains a much misunderstood and overlooked figure. Glass was a small-government conservative and vocal racist who nevertheless was responsible for some of the most important progressive pieces of financial legislation in U.S. history, including the Federal Reserve Act of 1913, which created mechanisms for addressing financial panics and managing the nation’s currency, the Glass-Steagall Act of 1933, which separated banks and securities firms, and the Securities Exchange Act of 1934, which created the U.S. Securities and Exchange Commission, the model New Deal agency. The book explains how these apparent contradictions emerged together at a pivotal moment in the modern American era.

Hard Times

By Studs Terkel,

Book cover of Hard Times: An Oral History of the Great Depression

I read this book when I was a graduate student studying journalism, but it has never stopped resonating with me. When I began to research my novel set in the Great Depression, I returned to Hard Times and also had the good fortune to find and listen to the recordings of Terkel’s interview subjects. This book is essentially a collection of oral histories that runs the gamut of the human condition during the Great Depression: those who had everything, those who had nothing and everyone in-between. This is “person-on-the-street” journalism at its finest. The stories are mesmerizing and the voices are authentic. That is the magic of this amazing journalist who captured the voices of the world for decades.

Hard Times

By Studs Terkel,

Why should I read it?

1 author picked Hard Times as one of their favorite books, and they share why you should read it.

What is this book about?

From the Pulitzer Prize-winning author of The Good War: A masterpiece of modern journalism and "a huge anthem in praise of the American spirit" (Saturday Review).

In this "invaluable record" of one of the most dramatic periods in modern American history, Studs Terkel recaptures the Great Depression of the 1930s in all its complexity. Featuring a mosaic of memories from politicians, businessmen, artists, striking workers, and Okies, from those who were just kids to those who remember losing a fortune, Hard Times is not only a gold mine of information but a fascinating interplay of memory and fact, revealing how…


Who am I?

I’m a research nerd at heart. I am happiest pouring over historic newspapers online (thank you Library of Congress) or digging into a non-fiction book. The research I do for a book can be more rewarding than writing the book itself. When I read a 1933 article about a baby that would be given away as a prize during a civic fundraiser, I was hooked. What desperation would lead a parent to give away a child? Who would buy such a raffle ticket? Who thought this would be a good idea? I never did find the answers to my questions, so I made up my own.


I wrote...

The Raffle Baby

By Ruth Talbot,

Book cover of The Raffle Baby

What is my book about?

Teeny, Sonny Boy, and Vic have been swallowed up by the desperation and devastation of the Great Depression, but the trio is buoyed by the fantastical tales Teeny weaves around campfires in hobo jungles and migrant camps, including the story of the raffle baby. As the three navigate the ravages of poverty and prejudices, they form a family bond as strong as the forces against them. But when a solemn pact fails to protect them, their lives are forever changed. And Sonny Boy is left to tell their story, and his own.

Both heartbreaking and uplifting, The Raffle Baby examines the intersection of love, loss, and resilience, and the enduring triumph of memory. This is a magical tale not soon forgotten.

Cinderella Man

By Jeremy Schaap,

Book cover of Cinderella Man: James J. Braddock, Max Baer, and the Greatest Upset in Boxing History

Boxing was such a popular sport during the Great Depression. My grandparents’ family regularly listened to “the fights” on the radio. Dubbed “Cinderella Man” by writer Damon Runyon, James J. Braddock, with 24 losses, won one of the biggest upsets in heavyweight boxing championship history. He defeated Max Baer on June 13, 1935, in Long Island City, New York, for the world title in a unanimous decision after a grueling 15 rounds.

The next day, Leora Wilson wrote her two sons who’d joined the Navy during the Depression, “Expect you may have heard the Braddock and Baer fight. I’m glad Braddock won–he needs the money for his family.” Not only that, but Braddock had been “on the dole” at one point, an underdog in many ways. He was so embarrassed at needing help to feed his three children that he paid back the money he’d received from the government. A…

Cinderella Man

By Jeremy Schaap,

Why should I read it?

1 author picked Cinderella Man as one of their favorite books, and they share why you should read it.

What is this book about?

A riveting tale of perseverance in the face of hardship, Cinderella Man is the chronicle of the boxer James J. Braddock, whose exceptional story of achievement against all odds was the subject of a major motion picture. Braddock, dubbed the Cinderella Man, staged the greatest comeback in fighting history, rising in the span of twelve months from the relief rolls to a face-off against the heavyweight champion, Max Baer.

Against the gritty backdrop of Depression-era New York, Schaap paints a vivid picture of the fight world in its golden age, evoking a time when boxing resonated with a country trying…


Who am I?

I am the author of two books (the first book was Leora’s Letters: The Story of Love and Loss for an Iowa Family During World War II), a blogger, an Iowa historian, and a regular contributor to Our American Stories. I’ve woven letters and newspaper clippings, along with memoirs and family stories, into the narratives of the lives of Clabe and Leora Wilson. As their oldest granddaughter, I also enjoy giving programs, as well as TV and radio interviews, about the Wilson family.


I wrote...

Leora's Dexter Stories: The Scarcity Years of the Great Depression

By Joy Neal Kidney,

Book cover of Leora's Dexter Stories: The Scarcity Years of the Great Depression

What is my book about?

The undertow of the Great Depression becomes poignantly personal as we experience the travails of Leora and Clabe Wilson, a displaced Iowa farm family living in a small town, trying to make ends meet. Gritty determination fuels this family’s journey of loss and hope, a reflection of what many American families endured during those challenging times.

In this true story, the Wilsons slowly slide into unemployment and poverty. Leora must find ways to keep her dreams alive while making a haven for her flock of seven children in one run-down house after another.

Kane and Abel

By Jeffrey Archer,

Book cover of Kane and Abel

This novel by Jeffery Archer is about the hotel industry started by Polish immigrant Abel, his rivalry with Kane, who owns a bank, and how they try to destroy each other. It is similar to the characters in my novel, but in this case, the person trying to destroy the protagonist, who also owns a chain of hotels, is not known until she is almost kidnapped, which shocks everyone. Kane and Abel helped me understand the history of early twentieth-century America, and the struggles rich people went through during the Great Depression after losing everything due to the stock market crash of 1929. So anyone who is interested in early twentieth-century history will love this book.

Kane and Abel

By Jeffrey Archer,

Why should I read it?

1 author picked Kane and Abel as one of their favorite books, and they share why you should read it.

What is this book about?

Jeffrey Archer's Kane and Abel is a global phenomenon that has captivated readers worldwide, spawning two sequels and dominating bestseller charts the world over.

Two strangers born worlds apart with one destiny that will define them both.

William Lowell Kane, the son of a Boston millionaire, and Abel Rosnovski, the son of a penniless Polish immigrant, are born on the same day on opposite sides of the world and brought together by fate and the quest of a dream.

Locked in a relentless struggle spanning sixty years and three generations, the two men battle for supremacy in pursuit of an…


Who am I?

Growing up, I loved studying history, and reading historical, family sagas, and crime novels. Even though I have four degrees—three engineering and one accountingI love to write. My goal is that my readers who don’t like history, learn it through my novels. What I like about writing is you learn not just about history not taught in school, but also other topics, including meeting and learning from very interesting people. Therefore, it is an interesting hobby to have. I am currently writing my third novel set in the 1960s, and written several articles and short stories. I have also written screenplays for two of my short stories.


I wrote...

Fateful Decisions

By Trevor D'Silva,

Book cover of Fateful Decisions

What is my book about?

In 1915, young Rachel Williams meets two friends aboard the Lusitania, Fred Johnson a hotelier, and his friend German immigrant Rudy Holtzmann. They all survive the sinking and two years later, they meet at a fundraiser when America enters the war. On separate occasions, they each ask her to marry them, which puts her in a dilemma. On the advice of her great-aunt, she chooses one of them. Her life changes as her decision affects family, friends, strangers, including world history as the devastating consequences of her decision are unleashed for the next thirty years. At the end, Rachel wonders if she made the right decision or not based on how it affected everyone.

Fortune Tellers

By Walter Friedman,

Book cover of Fortune Tellers: The Story of America's First Economic Forecasters

This is a readable tale of the rise of economic forecasters in the USA during the boom years of the 1920s, and their demise after failing to forecast the `Great Crash of 1929’ and ensuing Great Depression. Roger Babson did forewarn of a crash, but also failed after wrongly repeatedly forecasting an imminent recovery in the early 1930s. It holds many relevant lessons for our turbulent times, emphasizing that the future is always highly uncertain.

Fortune Tellers

By Walter Friedman,

Why should I read it?

1 author picked Fortune Tellers as one of their favorite books, and they share why you should read it.

What is this book about?

The period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts. This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers, men such as Roger Babson, Irving Fisher, John Moody, C. J. Bullock, and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses, and thrived in the boom years that followed World War I. Yet, almost to a man, they…


Who am I?

Accurate and precise forecasting is essential for successful planning and policy from economics to epidemiology. We have been keen to understand why so many forecasts turn out to be highly inaccurate since making dreadful forecasts ourselves, and advising UK government agencies (Treasury, Parliament, Bank of England) during turbulent periods. As simple extrapolation often beats model-based forecasting, we have been developing improved methods that draw on the best aspects of both, and have published more than 60 articles and 6 books attracting more than 6000 citations by other scholars. Our recommended books cover a wide range of forecasting methods—suggesting there is no optimal way to look into the future.


I wrote...

Forecasting: An Essential Introduction

By David F. Hendry, Jennifer Castle, Michael Clements

Book cover of Forecasting: An Essential Introduction

What is my book about?

Why do forecasters get it wrong so often? This book explores forecasting pitfalls drawing on everyday activities, such as a motorist planning when she needs to set off on her journey to arrive on time. The book requires no maths or technical knowledge, but richly rewards the inquisitive reader with many deep and penetrating insights.      

New book lists related to the Wall Street Crash of 1929

All book lists related to the Wall Street Crash of 1929

Bookshelves related to the Wall Street Crash of 1929