I have been showing my Macro Eco classes the CNBC documentary "House of Cards", which is an excellent show about how the credit and housing bubbles built into the crash that started last year. Two main factors: Easy credit and a belief that prices could only go up.
This morning I finally got around to watching "The Crash of 1929", which aired last Monday on PBS. Watching this after just sitting through the CNBC documentary, well, it was almost like watching the same show, except the CNBC show didn't have old photos in black and white. But the story of easy credit and blind faith is almost the same.
I recommend watching them back to back.
You can watch the PBS show HERE, and the CNBC show HERE. Enjoy the Great Recession!