The Boom of the 1890s and Now

Edward Shand was regarded as the Robert Shiller of his day for predicting the Great Depression. He himself had been personally burned by the depression of the 1890s. Michael Cannon's book came out in the 1960s, highlighting financial adventures and misdeeds of a number of families that were still prominent in the 60s. It did send about a kind of collective shutter through sections of the Melbourne upper middle class.