HomeFinance LibraryWall Street HistoryLearn MoreBuy BooksAbout Cosimo
A Brief History of Panics in the United States
A Bubble that Broke the World
A Century of Prices
The ABC of Money, Including The Gospel of Wealth and The Way to Wealth
The ABC of Stock Speculation
The Art of Speculation
The Art of Wall Street Investing
Beating the Stock Market
Because People Matter
The Business of Trading in Stocks
Competitive Business, Caring Business
Dare to Care
Economy
The Facts About Speculation
Financial Crises and Periods of Industrial and Commercial Depression
The Financial Crisis Inquiry Report
Foolish Finance
Frenzied Finance: The Crime of Amalgamated
The Game in Wall Street and How to Play It Successfully
Global Trends 2015
Global Trends 2025
How I Trade and Invest in Stocks and Bonds
If You Must Speculate, Learn the Rules
Indian Currency and Finance
Instincts of the Herd in Peace and War
The Law
Lombard Street: A Description of the Money Market
Men and Mysteries of Wall Street
Money and the Mechanism of Exchange
Noble Enterprise: The Commonsense Guide to Uplifting People and Profits
One-Way Pockets: The Book of Books on Wall Street Speculation
Other People's Money and How Bankers Use It
The Pecora Investigation: Stock Exchange Practices and the Causes of the 1929 Wall Street Crash
The Pitfalls of Speculation
Plunder: Investigating Our Economic Calamity and Subprime Scandal
The Plunderers
The Psychology of Speculation
The Psychology of the Stock Market
Reminiscences of a Stock Operator
The Secret of Wealth
Speculation: Its Sound Principles and Rules for Its Practice
Small Change: How Fifty Dollars Can Change the World
The Stock Market Barometer
Ten Years of Wall Street
Tidal Swings of the Stock Market
Up from Wall Street: The Responsible Investment
Wall Street: Its Mysteries Revealed, Its Secrets Exposed
Wall Street and the Financial Crisis: Anatomy of a Financial Collapse
Wall Street in History
Wall Street Speculation: Its Tricks and Its Tragedies
A Bubble that Broke the World

A Bubble That Broke the World
By Garet Garrett
$31.95 hardcover; $14.99 paperback

The burden of Europe's private debt to this country is now greater than the burden of her war debt; and the war debt, with arrears of interest, is greater than it was the day the peace was signed. And it is not Europe alone. Debt was the economic terror of the world when the war ended. How to pay it was the colossal problem. - from "Cosmology of the Bubble" The names of the players are different, but these cautionary essays about massive national debt-written in the long wake of World War I and as the Great Depression was starting to make its horrible power fully known-are still fully applicable today. A powerful libertarian voice of the early 20th century, Garet Garrett, writing originally in the Saturday Evening Post, warned about the extension of American credit to a Europe staggering under a massive debt leftover from the financing of World War I ... a situation echoed, if reversed, today as the overextended United States continues her rampant borrowing. Collected in book form, Garrett's writings are a cry for a retreat from financial insanity, a clear-eyed look at a complicated and little understood era of financial history, and perhaps an ominous warning for today.

GARET GARRETT was a powerful libertarian voice of the early 20th Century, warning in the Saturday Evening Post about the dangers of extending American credit to a Europe staggering under the massive debt left over from financing World War I.