Rainbow 's End: very renowned author, Maury Klein, writes The Crash of 1929. Klein perhaps could have chosen a more suitable title for this book, but it got his ideas and perceptions of the market crash of 1929 with an intense and gripping fashion. The book tells the story of the stock market crash, also known as “Black Thursday”. Klein is known to be an author of many books on personalities and institutions, which have often taken, center stage in American business, focuses here on financial events and trends leading up to the stock market crash. Klein is a professor of history at the University of Rhode Island who uses this book to introduce the journey of 1920’s through his vision.
“Marx, the jig is up!”. Something that Maury Klein makes …show more content…
Chapter two covers the culture of Wall Street, while chapter 3 observes the growing speculation of the 1920s and the response of the still-new Federal Reserve. Despite the different aspects that are involved up to the lead up of the crash, Klein’s narratives are far from clear and switch to a new topic every one to four pages. Occasionally, he reintroduces a topic later on in the book, and sometimes he does not. The figures mentioned earlier, who made a fortune from this crash are examined and studied are focused in particular segments of his writings. Klein tells the readers about the highs and lows of these individuals’ lives and how it affected them going through profits and losses after the crash. However, whether there is a moral to these insights of the 1920s, it is not explicit. Stories and facts are often presented in a variety of array that becomes very difficult to follow as Klein hardly provides reasons, consequences or delineations. Through the first half of Rainbow’s End, Klein suggests that the euphoria of the 1920’s was not merely associated with the economy, technologies, products or the stock market, but it was endemic to sports, religious revivalism and every other aspect of culture and society. However, if this is the primary theme Klein chose to describe, Klein remains mute on why this transformation happened when it did or indeed why it happened at all. Many different themes were looked upon in the second half of the book. Firstly, it is the similar tale of a deadlocked federal reserve failing to be of any assistance. Klein repeatedly returns to this story, where he uses contemporary newspaper accounts and secondary sources as he does throughout the book. Another theme that was hindered upon was the magnitude of outstanding broker loans and the interest rate on overnight call
“Marx, the jig is up!”. Something that Maury Klein makes …show more content…
Chapter two covers the culture of Wall Street, while chapter 3 observes the growing speculation of the 1920s and the response of the still-new Federal Reserve. Despite the different aspects that are involved up to the lead up of the crash, Klein’s narratives are far from clear and switch to a new topic every one to four pages. Occasionally, he reintroduces a topic later on in the book, and sometimes he does not. The figures mentioned earlier, who made a fortune from this crash are examined and studied are focused in particular segments of his writings. Klein tells the readers about the highs and lows of these individuals’ lives and how it affected them going through profits and losses after the crash. However, whether there is a moral to these insights of the 1920s, it is not explicit. Stories and facts are often presented in a variety of array that becomes very difficult to follow as Klein hardly provides reasons, consequences or delineations. Through the first half of Rainbow’s End, Klein suggests that the euphoria of the 1920’s was not merely associated with the economy, technologies, products or the stock market, but it was endemic to sports, religious revivalism and every other aspect of culture and society. However, if this is the primary theme Klein chose to describe, Klein remains mute on why this transformation happened when it did or indeed why it happened at all. Many different themes were looked upon in the second half of the book. Firstly, it is the similar tale of a deadlocked federal reserve failing to be of any assistance. Klein repeatedly returns to this story, where he uses contemporary newspaper accounts and secondary sources as he does throughout the book. Another theme that was hindered upon was the magnitude of outstanding broker loans and the interest rate on overnight call