American Experience: The Crash of 1929
by Ellen Hovde, Muffie Meyer
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DVD Cover Information
Actor: Narrator: Philip BoscoDirector: Ellen Hovde, Muffie Meyer
Brand: PBS
DVD: Region Code 1
Audio: English (Unknown); English (Original Language)
Format: Color, DVD, NTSC
Picture Format: 1.33:1
Running Time: 60 minutes
DVD Release Date: 2009-12-15
Audience Rating: NR (Not Rated)
Studio: PBS
Movie Reviews of American Experience: The Crash of 1929
Movie Review: 1929 & 2008... It's Deja Vu All Over Again
Summary: 5 Stars
An eye-opening retrospective. This documentary provides a detailed social and political synopsis of the greed and corruption that ultimately produced the Great Depression. It also makes obvious the parallels between the 1929 and 2008 crashes: (1) the back-room dealings of the uber-wealthy, (2) the unjustified exuberance fueled by the myth of never-ending growth, (3) the false prosperity based upon debt, (4) the absence of federal regulation, and (5) the complete lack of financial transparency.
Then as now, market manipulations and pseudo-transactions resulted in privatized gains, but socialized losses -- the ultimate corporate welfare where the tax-paying citizen becomes the lender of last resort. Sadly, the masses continue to embrace the fantasy of their God-given right to become billionaires... even at the expense of the national well-being. As Justice Louis Brandeis once remarked, "We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both."
Summary of American Experience: The Crash of 1929
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