After the stock market crash of November, 1929 : A supplementary chapter to the psychology of speculation issued in 1926

The book opens with a vivid portrait of America in the roaring twenties, when the stock market had been transformed from a risky gamble into a seemingly foolproof path to riches. It describes how investors of every class—from bankers to cab drivers—were swept up in a nationwide fever, chatting about shares in cafés, clubs, and even farmhouses. The author sets the stage by showing how confidence grew into a collective belief that the market could never fall.

From this bustling optimism, the writer dives into the psychology of speculation, examining why so many trusted new investment trusts that promised quick, effortless profit. He points out the paradox of a system that glorified easy gains while masking the underlying risks that ordinary savers could not see. The narrative offers a sobering look at how the era’s faith in progress and technology set the stage for a dramatic collapse, inviting listeners to reflect on the timeless lessons about crowd behavior and financial hubris.