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Bierman takes a fresh look at the "whys" of the great stock market crash of 1929, analyzes the economic situation, and presents sound explanations for the initial decline that are not dependent on the assumption of overvaluation. This book challenges the "facts" and overturns previously held notions to reach a dramatically different conclusion from most widely read books on the subject. Was there reason for optimism in 1929? Was it a "Bubble"? Did the high level of stock market prices jeopardize the nation's prosperity? What about the Crash of 1987? Bierman believes that a more complete understanding of these and other questions can enhance current market decisions and allow for wiser forecasts of future market trends.