A history of the United States in five crashes : stock market meltdowns that defined a nation
(Book)

Book Cover
Average Rating
Published:
New York, NY : William Morrow, [2018].
Format:
Book
Edition:
First William Morrow paperback edition.
Physical Desc:
xiv, 336 pages ; 21 cm.
Status:
Description

In 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 today

The 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 Greece, the stock market took an unprecedentedly sudden plunge, with the Dow shedding 998.5 points (roughly a trillion dollars in valuation) in just minutes.

The stories behind the great crashes are filled with drama, human foibles, and heroic rescues. Taken together they tell the larger story of a nation reaching enormous heights of financial power while experiencing precipitous dips that alter and reset a market where millions of Americans invest their savings, and on which they depend for their futures. Scott Nations vividly shows how each of these major crashes played a role in America's political and cultural fabric, each providing painful lessons that have strengthened us and helped us to build the nation we know today.

A History of the United States in Five Crashes clearly and compellingly illustrates the connections between these major financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one.

Also in This Series
Copies
Location
Call Number
Status
Hillsboro High - Teen Non-Fiction
338.54 NAT
In Processing
More Like This
Other Editions and Formats
More Details
Language:
English
ISBN:
9780062467287 (paperback), 006246728X (paperback)

Notes

Bibliography
Includes bibliographical references and index.
Description
"In 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 today - The Panic of 1907; Black Tuesday (1929); Black Monday (1987); The Great Recession (2008); The Flash Crash (2010). This book illustrates the connections between these major financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one."--Publisher's description.
Reviews from GoodReads
Loading GoodReads Reviews.
Tagging
Tags:

No Tags, Be the first to tag this record!


Citations
APA Citation (style guide)

Nations, S. (2018). A history of the United States in five crashes: stock market meltdowns that defined a nation. First William Morrow paperback edition. New York, NY: William Morrow.

Chicago / Turabian - Author Date Citation (style guide)

Nations, Scott. 2018. A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation. New York, NY: William Morrow.

Chicago / Turabian - Humanities Citation (style guide)

Nations, Scott, A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation. New York, NY: William Morrow, 2018.

MLA Citation (style guide)

Nations, Scott. A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation. First William Morrow paperback edition. New York, NY: William Morrow, 2018. Print.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
Staff View
Grouped Work ID:
9b1feaf0-0845-7129-7e7d-afa3ecc14131
Go To GroupedWorkView in Staff Client
Last File Modification TimeJan 24, 2019 11:34:32 PM
Last Grouped Work Modification TimeDec 14, 2019 03:21:58 PM

MARC Record

LEADER02183cam a2200421 i 4500
001on1048586518
003OCoLC
00520190122125953.9
008170915t20182017nyu      b    001 0 eng d
010 |a  2017033698
040 |a AU@|b eng|e rda|c AU@|d OCLCO|d OCLCF|d VN#|d TnLvILS
020 |a 9780062467287 (paperback)
020 |a 006246728X (paperback)
035 |a (OCoLC)1048586518
043 |a n-us---
05000|a HB3743|b .N37 2018
08200|a 338.5/42|2 23
049 |a IG$A
1001 |a Nations, Scott,|e author.
24512|a A history of the United States in five crashes :|b stock market meltdowns that defined a nation /|c Scott Nations.
250 |a First William Morrow paperback edition.
264 1|a New York, NY :|b William Morrow,|c [2018]
264 4|c ©2017
300 |a xiv, 336 pages ;|c 21 cm.
336 |a text|b txt|2 rdacontent
337 |a unmediated|b n|2 rdamedia
338 |a volume|b nc|2 rdacarrier
504 |a Includes bibliographical references and index.
520 |a "In 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 today - The Panic of 1907; Black Tuesday (1929); Black Monday (1987); The Great Recession (2008); The Flash Crash (2010). This book illustrates the connections between these major financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one."--Publisher's description.
5050 |a Panic, 1907 -- Crash, 1929 -- Black Monday, 1987 -- Meltdown, 2008 -- Flash crash, 2010.
650 0|a Financial crises|z United States|x History.
650 0|a Depressions|x History.
655 7|a History.|2 fast|0 (OCoLC)fst01411628
898 |a qBook
898 |a qEnglish
910 |a CARL0000761760
949 |b QQ00352048|c 338.54 NAT|h 66435|j 66435|l YNF|m SBK|s SP|p 17.99|w 0|x 20190124|t 20190124|q LDR|r LDR|v 0|y 20190124|z 0
998 4|a LDR0906 20190103154352 LLOR |b LDR0906 20190124060349 MNPS |b LDR0906 20190103154352 LLOR