Lessons from the Great American Real Estate Boom and Bust of the 1920s

Eugene N. White

NBER Working Paper No. 15573
Issued in December 2009

---- Acknowledgements ----

For their comments and suggestions, I would especially like to thank Lee Alston, Michael Bordo, Richard Grossman, Kris Mitchener, Carolyn Moehling, John Landon-Lane, Hugh Rockoff, Kenneth Snowden, Peter Temin, and the participants of seminars at Columbia University, the Federal Reserve Bank of Philadelphia, the Federal Reserve Bank of St. Louis, the Free University of Brussels, the German Historical Institute (Washington, D.C.), the Harvard Business School, the NBER Summer Institute, Rutgers University, the Universitat Pompeu Fabra, the University of Oslo, and the XVth World Economic History Conference, Utrecht. The view expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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