The 1929 Stock Market Crash

Michael Roberts argues that the 1929 crash had its roots in falling profitability in the United States and Europe during the late 1920s, even as the Roaring Twenties appeared to be an upswing. He describes a stock market driven by heavy borrowing and euphoria while the productive economy weakened, notes that mainstream economists of the time expected no collapse, and traces the depression that followed through the 1930s until government built a war economy. Roberts also compares that financial euphoria, to some extent, with the present. [FULL EPISODE URL — https://youtu.be/or5WcT9yB5A]
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