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12 of 12 people found the following review helpful.
Nothing but blue skies do I see...
By Stone Dog
The hit song of 1929 went: "Nothing but blue skies do I see..." and that sums up the spirit of the times. That was the lead-up to the stock market crash of 1929.
The DVD focuses on the year 1929 and some of the men who were leaders in the securities field such as William Durant, founder of GM, Charles Mitchell, the man who popularized stock ownership for the "little guy" and Jesse Livermore, a veteran Wall Street technician.
The DVD does a good job of relating the spirit of the times and the optimistic attitude of Americans during the "Roaring 20's" when Americans came to believe in permanent prosperity. It seemed everyone expected to be able to "strike it rich" and the Stock Market was only one of the disasters in the 20's - the other being the Florida real estate bubble.
There is the usual recounting of the issues involved: easy credit, buying on margin, valuations that had nothing to do with the actual profitability of companies, the rigged game played by the big money interests. What surprised this viewer the most is that everyone knew it was - at least to some extent - a rigged game that the "little guy" really couldn't win! And yet, they kept coming back for more! It seemed that everyone was seeking a way to "get rich quick" and, even though they knew the market was a racket, they kept hoping for that one big score!
I think the video did a good job of relating the attitudes of the day, spotlighting some of Wall Street's leading speculators, and giving a good recounting of the events that led up to "Black Thursday" and the following days that were "The Crash". I don't think it did as good a job of linking the crash to the acceptance by Americans of easy credit and indebtedness or events in Europe that actually precipitated the crash and following depression.
In conclusion, I think this DVD does a good job of presenting the events that led up to the crash as well as the crash itself. I recommend this DVD with four stars.
8 of 8 people found the following review helpful.
By Greg McCollum
This documentary should be required watching for every American. It illustrates how greed can undermine all that is good in society. It also demonstrates the ineffectiveness of government in protecting innocent people from dishonesty. Lastly, and perhaps most importantly, it opens a window on American history that isn't available elsewhere.
2 of 2 people found the following review helpful. See all 37 customer reviews...
The Crash Of 1929 affected the entire world, eventually ...
By Raymond Borkowski
The Crash Of 1929 affected the entire world, eventually leading to the rise of totalitarianism and World War II. The cause was buying on margin, i.e. 10% down on a share and insider trading which was bound for disaster. This DVD traces just how this disaster happened. Well worth having!!!