The Business Behind the 1929 Crash — Who Really Profited?

The Business Behind the 1929 Crash — Who Really Profited? In September 1929, the chairman of the largest bank in America started betting that his own bank would fail. He made over four million dollars, and he was never charged with anything, because none of it was against the law. Money in a market does not evaporate. When a share falls from four hundred dollars to fifty, somebody sold at four hundred. The value moved. This is the story of who was on the other side of the trade, and of the lawyer who four years later made them open the books. The Exchequer covers the financial history behind events everyone thinks they already understand.