No other day has etched itself into the collective memory of the investment community like "Black Friday" in 1929. Within a few hours, the largest economy in the world collapsed, and a global trade and currency system began to falter. But how could this "super disaster" occur in the financial markets? John Kenneth Galbraith meticulously analyzes the circumstances that made this event possible in his most famous work. Step by step, he illustrates the mistakes of the past that led to these catastrophic developments. He draws the parallel that subconsciously arises in discussions about this world event: Could something like this happen again? Today? Here? Galbraith believes: Yes. It must happen again. To understand why, read this unique book.