Rainbow's End: The Crash of 1929

  • by Maury Klein
  • Narrated by Sean Crisden
  • 11 hrs and 49 mins
  • Unabridged Audiobook

Publisher's Summary

The first major history of the Crash in over a decade, Rainbow's End tells the story of the stock market collapse in a colorful, swift-moving narrative that blends a vivid portrait of the 1920s with an intensely gripping account of Wall Street's greatest catastrophe.
The book offers a vibrant picture of a world full of plungers, powerful bankers, corporate titans, millionaire brokers, and buoyantly optimistic stock market bulls. We meet Sunshine Charley Mitchell, head of the National City Bank, powerful financiers Jack Morgan and Jacob Schiff, Wall Street manipulators such as the legendary Jesse Livermore, and the lavish-living Billy Durant, founder of General Motors. As Klein follows the careers of these men, he shows us how the financial house of cards gradually grew taller, as the irrational exuberance of an earlier age gripped America and convinced us that the market would continue to rise forever. Then, in October 1929, came a "perfect storm"-like convergence of factors that shook Wall Street to its foundations. We relive Black Thursday, when police lined Wall Street, brokers grew hysterical, customers "bellowed like lunatics," and the ticker tape fell hours behind. This is followed by the even worse Bloody Tuesday, when an irrational desire to sell at any price gripped the market and even blue chip stocks plummeted precariously. This compelling history of the Crash--the first to follow the market closely for the two years leading up to the disaster--illuminates a major turning point in our history.

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Customer Reviews

Most Helpful

Plenty of fine detail, especially of the 1920s

The crash and Great Depression are of course iconic stories. This book starts in the late teens and follows various threads through the 1920s, culminating in the crash. It is more about the "rainbow" than its end. It adds a lot of telling detail to the more familiar overall story. This is fine business and financial history, with several mini-biographies of key characters.
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- Phil O.

I've been looking for a book like this...

The topic sparked my interest about a dozen years ago after reading Karen Blumenthal's "Six Days in October - The Stock Market crash of 1929" Her book, was children's book believe it or not and is quite good! I actually got that recommendation from the Wall Street Journal as I recall. It's about 150 pages and you can read it in an afternoon. And do so before you listen to this one because it'll be a good primer for what actually happened. People often get confused and lost in the Stock Market stuff relating to that time frame but Blumenthal's book bridges that gap.

Then pick this one up. "Rainbow's End" does an excellent job of explaining all the events that lead up to the crash including the sentiment of the average American, how spirits were on the rise, marketing was making a big push into every residential home in the country, and people were spending money (often money they didn't have), on having good time and entertaining themselves. That piece is really quite interesting. The book will then take you thru every aspect of the crash and how it came to be, who the major players were, and how they fared.

And the narration was quite good too. The reader did an excellent job of keeping the listener engaged while maintaining a steady voice with good annunciation, and inflection. I'd listen to him again.

This title is worth your time and at just under 12 hours, you get thru it in record time!
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- Rick "Rick H."

Book Details

  • Release Date: 03-15-2011
  • Publisher: Audible Studios