A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation - Scott Nations

Descriere & specificații

nIn this absorbing, smart, and accessible blend of economic and cultural history, Scott Nations, a longtime trader, financial engineer, and CNBC contributor, takes us on a journey through the five significant stock market crashes in the past century to reveal how they defined the United States todayThe Panic of 1907: When the Knickerbocker Trust Company failed, after a brazen attempt to manipulate the stock market led to a disastrous run on the banks, the Dow lost nearly half its value in weeks. Only billionaire J.P. Morgan was able to save the stock market.Black Tuesday (1929): As the newly created Federal Reserve System repeatedly adjusted interest rates in all the wrong ways, investment trusts, the darlings of that decade, became the catalyst that caused the bubble to burst, and the Dow fell dramatically, leading swiftly to the Great Depression.Black Monday (1987): When portfolio insurance, a new tool meant to protect investments, instead led to increased losses, and corporate raiders drove stock prices above their real values, the Dow dropped an astonishing 22.6 percent in one day.The Great Recession (2008): As homeowners began defaulting on mortgages, investment portfolios that contained them collapsed, bringing the nation's largest banks, much of the economy, and the stock market down with them.The Flash Crash (2010): When one investment manager, using a runaway computer algorithm that was dangerously unstable and poorly understood, reacted to the economic turmoil in Gr

Produse similare

William H. McneillBerkshire Encyclopedia of World History: Second Edition Vol.6 - William H. McNeill, Jerry H. Bentley, David Christian, Ralph C. Croizier, J.R. McNeill, Heidi Roupp, Judith P. Zinsser

1.566,72 lei1.958,40 lei-20%

Mitch AlbomTuesdays With Morrie

63,30 lei79,13 lei-20%

Aiden ThomsonStained Glass

57,54 lei71,93 lei-20%

Mary BeardPompeii

69,06 lei86,33 lei-20%

Robert LeckieHelmet for my Pillow

86,34 lei107,93 lei-20%

Christopher R. BrowningOrdinary Men - Christopher R Browning

74,82 lei93,53 lei-20%

Stacy SchiffWitches

74,82 lei93,53 lei-20%

Ben MacintyreSAS

57,54 lei71,93 lei-20%

Oliver StoneUntold History of the United States

144,00 lei180,00 lei-20%

Alison WeirQueens of the Conquest

86,34 lei107,93 lei-20%

Christopher HibbertRome - Christopher Hibbert

126,72 lei158,40 lei-20%

Adam ToozeDeluge - Adam Tooze

109,38 lei136,73 lei-20%