The 80th anniversary of the Great Crash is upon us. This touches a nerve because we seemed to be looking into the same bottomless pit only a year ago. The chain of events, leading from a dramatic collapse in stock prices on Wall Street, beginning in late October 1929, to a Great Depression that engulfed the world economy for years, has suddenly leapt off the pages of the history books with an entirely fresh verisimilitude. Pessimists have asked, what is to stop it all happening again? Optimists have asked, what can we learn to stop it from doing so?
Read the full article in the FT here.
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