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The Resource A history of the United States in five crashes : stock market meltdowns that defined a nation, Scott Nations

A history of the United States in five crashes : stock market meltdowns that defined a nation, Scott Nations

Creator
Author
Summary
  • The Panic of 1907. Black Tuesday (1929). Black Monday (1987). The Great Recession (2008). The Flash Crash (2010). Taken together they tell the 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. Nations blends economic and cultural history to show how each of these major crashes provided painful lessons that have strengthened us and helped us to build the nation we know today
  • "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."--Jacket
Language
eng
Work
Publication
Edition
First edition.
Extent
xiv, 336 pages
Contents
  • Panic: 1907
  • Crash: 1929
  • Black Monday: 1987
  • Meltdown: 2008
  • Flash crash: 2010
Isbn
9780062467270
Instance
Label
A history of the United States in five crashes : stock market meltdowns that defined a nation
Title
A history of the United States in five crashes
Title remainder
stock market meltdowns that defined a nation
Statement of responsibility
Scott Nations
Title variation
  • History of the United States in 5 crashes
  • Stock market meltdowns that defined a nation
Creator
Author
Subject
Genre
Language
eng
Summary
  • The Panic of 1907. Black Tuesday (1929). Black Monday (1987). The Great Recession (2008). The Flash Crash (2010). Taken together they tell the 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. Nations blends economic and cultural history to show how each of these major crashes provided painful lessons that have strengthened us and helped us to build the nation we know today
  • "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."--Jacket
Summary
A financial executive and CNBC contributor examines the five most significant stock market crashes over the past century to reveal how they happened and shaped the present-day United States
Writing style
http://library.link/vocab/ext/novelist/bookUI
10564941
Cataloging source
YDX
http://library.link/vocab/creatorName
Nations, Scott,
Dewey number
330.973
Index
index present
LC call number
HB3722
LC item number
.N39 2017
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/resourcePreferred
True
http://library.link/vocab/subjectName
  • Financial crises
  • Financial crises
  • Stock exchanges
  • Stock exchanges
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • HISTORY
  • Financial crises
  • Stock exchanges
  • United States
Target audience
adult
http://bibfra.me/vocab/lite/titleRemainder
stock market meltdowns that defined a nation
Label
A history of the United States in five crashes : stock market meltdowns that defined a nation, Scott Nations
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 303-320) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Panic: 1907 -- Crash: 1929 -- Black Monday: 1987 -- Meltdown: 2008 -- Flash crash: 2010
Control code
21085377
Dimensions
24 cm
Edition
First edition.
Extent
xiv, 336 pages
Isbn
9780062467270
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
System control number
  • (OCoLC)ocn959038513
  • (OCoLC)959038513
Label
A history of the United States in five crashes : stock market meltdowns that defined a nation, Scott Nations
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 303-320) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Panic: 1907 -- Crash: 1929 -- Black Monday: 1987 -- Meltdown: 2008 -- Flash crash: 2010
Control code
21085377
Dimensions
24 cm
Edition
First edition.
Extent
xiv, 336 pages
Isbn
9780062467270
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
System control number
  • (OCoLC)ocn959038513
  • (OCoLC)959038513

Subject

Genre

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