2 comments on “Stock Market Crashes

  1. Hi, would you please be able to direct me to some reading on the 1937 crash?

    Thanks,

    Steve

  2. I recommend looking at data for that period from the St. Louis Fed, and data for the Dow Jones Industrial Average for that period (I don’t recall where I got that data from).
    The book A Monetary History of the United States, 1867-1960 by Milton Friedman and Anna Jacobson Schwartz has a good description of the changes in bank regulations in 1937. I can’t recall whether Joseph Schumpeter’s lengthy book on Business Cycles covers that period, but if so it would be valuable if you have the patience to read it.

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