Andrew Ross Sorkin: What the Crash of 1929 Says About Today

Andrew Ross Sorkin’s new book, 1929: Inside the Greatest Crash in Wall Street History—and How It Shattered a Nation, is an eye-opening account of the forces that led to the worst financial crisis in history and the lessons that disaster can teach us about today’s economy.

(7:09) Life before the crash

(8:58) How Americans developed a taste for leverage

(17:10) What happened on Black Thursday

(20:05) Why so few people saw the crash coming

(26:23) Could the crash have been averted?

(37:13) Andrew’s fascination with money

(39:22) What if financial bubbles are a feature, not a bug?

(41:35) Could we be headed for another 1929?

(45:00) The dangers of leverage

(53:16) How the blockchain will revolutionzie finance