Download A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation AudioBook Free
In this particular absorbing, smart, and accessible blend of economic and cultural record 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 accidents in america within the last century, revealing how they have defined the country today. The Worry of 1907; Black color Tuesday (1929); Black color Monday (1987); the Great Downturn (2008); the Adobe flash Crash (2010): Each one of these financial implosions that induced a catastrophic drop in the American currency markets is a remarkable story in its right. But used together, they give you a unique financial history of the American hundred years. In A Record of the United States in Five Crashes, financial executive and CNBC contributor Scott Nations examines these precipitous dips, uncovering how each played a job in America's politics and cultural cloth, one building after the next to set-up the nation we realize today. Scott Nations identifies the factors behind the disastrous runs on bankers that led to the Worry of 1907, the first great scare of the 20th hundred years. He explains why 1920s America followed investment trusts - a practice that helped post-World War I Britain - and exactly how they were an initial catalyst of the 1929 crash. He explores America's love affair with an widening currency markets in the 1980s - which spawned the beginning of portfolio insurance that significantly added to the 1987 crash. And he examines the factors that led to the 2008 global meltdown and the surge of algorithmic trading, the modern financial technology that sparked the 2010 Adobe flash Crash when American stocks lost a trillion us dollars in minutes. A Record of the United States in Five Crashes plainly and compellingly illustrates the connections between these financial collapses and examines the sound, clear-cut lessons they offer for preventing another one.
