The Great Crash, 1929 by John Kenneth Galbraith

The book provides a detailed analysis of the economic factors and decisions that led to the Wall Street crash of 1929, which precipitated the Great Depression. It examines the speculative bubble that grew in the preceding years, driven by overly optimistic investments in the stock market, and the lack of regulation that allowed for rampant financial speculation. The author delves into the aftermath of the crash, exploring its profound effects on the economy and society, and critiques the responses of financial and political leaders. The narrative serves as both a historical account and a cautionary tale about the dangers of financial excess and the importance of regulatory oversight.

The 5525th greatest book of all time

Ranking Details:

Our ranking system awards points to books based on their appearance and position on curated lists. Here's how it works:

Unranked Lists: For lists without specific rankings, each book receives points equivalent to the list's weight. This approach recognizes the book's inclusion on prestigious lists.

Ranked Lists: Books on ranked lists receive points in two ways:

  • Base Points: Initially, every book is awarded points equal to the list's weight, acknowledging its significance.
  • Bonus Points: Additionally, books earn bonus points based on their ranking. The total bonus pool, equal to 100% of the list's weight, is distributed among the books, with higher-ranked books receiving more points.

Exponential Distribution: The distribution of bonus points follows an exponential model. This means the top-ranked book (#1) receives significantly more bonus points than those further down the list (e.g., #100). Our algorithm ensures that higher placements are rewarded more generously, reflecting the achievement of a top rank on any given list.

This scoring system ensures that each book's ranking reflects both its presence on multiple lists and its positions within those lists, providing a comprehensive measure of its acclaim and popularity.

Total Points: 72

Since this book was first published in 1955, there is a penalty of 0%. The age adjusted score is 72.0.

This is to prevent newer books from reaching super high on the ranked list of the greatest books of all time. The greatest books should also stand the test of time.