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| #5866804 in Books | 1973-02 | Original language:English | 8.50 x5.25 x.75l, | File type: PDF | 256 pages||3 of 4 people found the following review helpful.| Learn from history, don't relive it|By Peter Thornhill|This is a lesson for us all. With policy makers around the world relying on property as a prop for economic activity moral hazard abounds. Property has never created wealth. It is a manifestation of wealth created doing something productive. The fact that we never learn "this time will be different" means we are doomed to r||'. . . a book to shock . . . at all times superb entertainment.' -- Age
'. . . a vivid and exciting account of the causes and effects of the crash, with sparkling stories of the bad men and a harrowing description of the effects of the depre
A classic of Australian history, this book provides the detailed story of the men who created or were caught up in the land boom fever, and of their personal triumph or destruction. It tells the story of colonial Victoria, made rich by gold and populous by the immigrants who followed. The flourishing economy saw speculation rewarded, and no apparent limits to expansion. The depression which followed was a catastrophe, the supreme crisis for the colony.
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