Show Notes
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#WorldWarIdebtexpansion #FederalReservecreditinflation #1929stockmarketcrash #GreatDepressionmonetarydistortion #foreignlendingandbubbleformation #ABubblethatBroketheWorld
A Bubble That Broke the World is a nonfiction collection by American journalist Garet Garrett, first published in 1932 and later reissued in various editions. The book gathers a series of contemporary essays originally written for the Saturday Evening Post during the early years of the Great Depression. Its purpose is not to tell a personal story or offer abstract theory, but to explain why the 1929 stock market crash and the economic collapse that followed had happened. Garrett argues from a distinctly skeptical, libertarian perspective, placing major responsibility on wartime debt, foreign lending, credit expansion, and monetary distortion rather than on capitalism itself. As a historical document, the book is valuable because it captures how a sharp observer of finance understood the crisis while it was still unfolding. As an economic argument, it challenges simpler retrospective narratives and insists that policy choices helped build the conditions for disaster.