The Great Crash of 1929 was a genuine cataclysm. It destroyed the wealth of thousands and the meagre savings of millions, hastened the decline of the British pound, and marked the beginning of the end of the gold standard that had been the backbone of economic growth for the previous century.
The Crash rolled across the world like a tidal wave, throwing millions out of work and dramatically slowing world trade for nearly a decade. The crash also helped repaint the political landscape, toppling governments and leading to the rise of Hitler in Germany.
Through many moving personal testaments, Selwyn Parker illustrates the devastating impact of the Crash on ordinary people in scores of countries around the world, affecting every aspect of life – social, financial, cultural and political.
And finally the author asks the key questions: have we learnt anything from the Great Crash? Could it happen again?