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Quote by John Kenneth Galbraith

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THE GREAT CRASH 1929

This book delves into the causes and effects of the 1929 stock market crash, providing a detailed examination of the economic turmoil that followed. It explores the factors leading up to the crash, the panic that ensued, and the long-term consequences for the American economy. more

Author

John Kenneth Galbraith
John Kenneth Galbraith

John Kenneth Galbraith was a renowned economist known for his research on economic cycles, market structures, and government policies. His works have had a profound impact on economic theory and policy practice. more

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“For a moment, he seemed to be falling into an abyss, on the verge of an unprecedented inner collapse. All his life he had been persuaded that what a man appeared to be was more important than what he was. This was the principle, on which he had based his whole existence, both his outward career and his secret thoughts. It was not what one admitted to oneself that mattered, but what one expressed in public; not the money one actually possessed, but the money one spent when others were there to see one spend it. The ideals a man carried in his hearth were of no account compared with those he acknowledged to the world. That had been Pierre´s credo.”

Life Philosophy
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