A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation
| Author | : | |
| Rating | : | 4.84 (574 Votes) |
| Asin | : | B06Y4B7XZ4 |
| Format Type | : | |
| Number of Pages | : | 489 Pages |
| Publish Date | : | 2014-09-16 |
| Language | : | English |
DESCRIPTION:
Dennis M. Patterson said A great financial history book. An intelligent, well-written and lively account of five great crashes. The level of detail is just right to create a narrative that really moves along well. I read the book in a day. I will go back and re-read the chapter on my favorite crash, "A great financial history book" according to Dennis M. Patterson. An intelligent, well-written and lively account of five great crashes. The level of detail is just right to create a narrative that really moves along well. I read the book in a day. I will go back and re-read the chapter on my favorite crash, 2008-9. All the sins of government and Wall Street are recounted with balance and insight.. 008-9. All the sins of government and Wall Street are recounted with balance and insight.. Michael M said takes on a subject that could have been a dull recitation of the economics behind five U. Scott Nation's new book takes on a subject that could have been a dull recitation of the economics behind five U.S. financial calamities. Instead he makes his book a fascinating, fast-paced, adventure story complete with heroes, villains and those caught in the cross-fire between fear and greed.As a fan of business history I thought I had a fairly good grasp of the reasons behind the 1907 Panic, and the 19"takes on a subject that could have been a dull recitation of the economics behind five U" according to Michael M. Scott Nation's new book takes on a subject that could have been a dull recitation of the economics behind five U.S. financial calamities. Instead he makes his book a fascinating, fast-paced, adventure story complete with heroes, villains and those caught in the cross-fire between fear and greed.As a fan of business history I thought I had a fairly good grasp of the reasons behind the 1907 Panic, and the 1929 Crash; but Mr. Nations brings these disaster. 9 Crash; but Mr. Nations brings these disaster. Needs more analysis and history and less day by day market stats JKav I haven't finished it yet because I found the first two crashes hard to read through. I had an especially hard time getting through the section on Crash #2 (1929). The writing style bothers me as it seems like it is equal parts analysis and statistics. And, there are too many stats of month-by-month stock market increases and declines, no less all the times that the author lists day by day statistics. Reads more like a glorified doctoral economic thesi
Scott Nations identifies the factors behind the disastrous runs on banks that led to the Panic of 1907, the first great scare of the 20th century. In this absorbing, smart, and accessible blend of economic and cultural history in the vein of the works of Michael Lewis and Andrew Ross Sorkin, a financial executive and CNBC contributor examines the five most significant stock market crashes in the United States over the past century, revealing how they have defined the nation today. He explains why 1920s America adopted investment trusts - a practice that helped post-World War I Britain - and how they were a primary catalyst of the 1929 crash. But taken together, they offer a unique financial history of the American century. The Panic of 1907; Black Tuesday (1929); Black Monday (1987); the Great Recession (2008); the Flash Crash (2010): Each of these financial implosions that caused a catastrophic drop in the American stock market is a remarkable story in its own right. A History of the United States in Five Crashes clearly and compellingly illustrates the connections between these financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one.. And he examines the factors that led to the 2008 global meltdown and the rise of algorithmic trading, the moder