His superficial optimistic attitude led to an ignorance of rising issues in the American stock market and abroad. The 30th President of the United States, Calvin Coolidge, served America until 1929. John Kenneth Galbraith analyzes this crash and the moments leading up to it in his book The Great Crash 1929. After WWI, Americans enjoyed great riches from the gains of the stock market, however, in 1929 came a major crash, bringing chaos and disruption. success, the country entered an era of unprecedented wealth.
became a creditor on the international level and entered a period where the country began hoarding large sums of gold. After the First World War, western countries entered a phase of repair, financed by the United States.
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