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Lessons from the Wall Street crash of 1929 - 60 Minutes
Stocks took a nosedive on Friday after President Trump threatened a big tariff hike on China. Until then, Wall Street had been at record highs for months, which is why we decided to check in with Andrew Ross Sorkin, one of the country's most influential financial reporters.
He's just written a book called "1929" about the market crash a century ago. We wondered if he'd run out of news to cover, or is he alerting us that what's been happening in the markets lately – is a replay of what led to the most devastating financial collapse in our history?
He's just written a book called "1929" about the market crash a century ago. We wondered if he'd run out of news to cover, or is he alerting us that what's been happening in the markets lately – is a replay of what led to the most devastating financial collapse in our history?
Transcript
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