The Resource A History of the United States in Five Crashes

A History of the United States in Five Crashes

Label
A History of the United States in Five Crashes
Title
A History of the United States in Five Crashes
Creator
Subject
Summary
In this absorbin, 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 maniuplate 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
http://library.link/vocab/creatorName
Nations, Scott
Nature of contents
dictionaries
http://library.link/vocab/subjectName
  • Economics
  • Nonfiction
  • History
  • Business
Label
A History of the United States in Five Crashes
Instantiates
Publication
Control code
OVERDRIVE:2b875d22-35f2-4517-90ea-e5e8b1e35dca
Dimensions
4 3/4 in. or 12 cm.
Form of item
electronic
http://library.link/vocab/inputERC
True
Isbn
9780062467294
http://library.link/vocab/resourcePreferred
True
Specific material designation
optical disk
Label
A History of the United States in Five Crashes
Publication
Control code
OVERDRIVE:2b875d22-35f2-4517-90ea-e5e8b1e35dca
Dimensions
4 3/4 in. or 12 cm.
Form of item
electronic
http://library.link/vocab/inputERC
True
Isbn
9780062467294
http://library.link/vocab/resourcePreferred
True
Specific material designation
optical disk

Library Locations

  • Anacostia LibraryBorrow it
    1800 Good Hope Road SE, Washington, DC, 20020, US
    38.8659805 -76.9785383
  • Bellevue (William O. Lockridge) LibraryBorrow it
    115 Atlantic St. SW, Washington, DC, 20032, US
    38.8312359 -77.00939129999999
  • Benning (Dorothy I. Height) LibraryBorrow it
    3935 Benning Rd. NE, Washington, DC, 20019, US
    38.8941177 -76.9478286
  • Capitol View LibraryBorrow it
    5001 Central Ave. SE, Washington, DC, 20019, US
    38.8889423 -76.9295681
  • Chevy Chase LibraryBorrow it
    5625 Connecticut Ave. NW, Washington, DC, 20015, US
    38.9651433 -77.07510599999999
  • Cleveland Park LibraryBorrow it
    3310 Connecticut Ave. NW, Washington, DC, 20008, US
    38.9338203 -77.05791820000002
  • Deanwood LibraryBorrow it
    1350 49th St. NE, Washington, DC, 20019, US
    38.9082997 -76.9324515
  • Francis A. Gregory LibraryBorrow it
    3660 Alabama Ave. SE, Washington, DC, 20020, US
    38.8648665 -76.9542163
  • Georgetown LibraryBorrow it
    3260 R St. NW, Washington, DC, 20007, US
    38.9134043 -77.0660321
  • Lamond-Riggs LibraryBorrow it
    5401 South Dakota Ave. NE, Washington, DC, 20011, US
    38.9551231 -76.9995732
  • Martin Luther King Jr. Memorial LibraryBorrow it
    901 G Street NW, Washington, DC, 20001, US
    38.8986949 -77.0247823
  • Mt. Pleasant LibraryBorrow it
    3160 16th St. NW, Washington, DC, 20010, US
    38.9304774 -77.0372288
  • Northeast LibraryBorrow it
    330 7th St. NE, Washington, DC, 20002, US
    38.894372 -76.99644599999999
  • Northwest One LibraryBorrow it
    155 L St. NW, Washington, DC, 20001, US
    38.9040371 -77.01340619999999
  • Palisades LibraryBorrow it
    4901 V St. NW, Washington, DC, 20007, US
    38.9183989 -77.0971728
  • Parklands-Turner LibraryBorrow it
    1547 Alabama Ave. SE, Washington, DC, 20032, US
    38.8461739 -76.9811453
  • Petworth LibraryBorrow it
    4200 Kansas Ave. NW, Washington, DC, 20011, US
    38.9421922 -77.02614299999999
  • Rosedale LibraryBorrow it
    1701 Gales St. NE, Washington, DC, 20002, US
    38.8980947 -76.9796564
  • Shaw (Watha T. Daniel) LibraryBorrow it
    1630 7th St. NW, Washington, DC, 20001, US
    38.9123733 -77.022493
  • Shepherd Park (Juanita E. Thornton) LibraryBorrow it
    7420 Georgia Ave. NW, Washington, DC, 20012, US
    38.9803141 -77.026951
  • Southeast LibraryBorrow it
    403 7th St. SE, Washington, DC, 20003, US
    38.8840495 -76.9965051
  • Southwest LibraryBorrow it
    900 Wesley Place SW, Washington, DC, 20024, US
    38.8786807 -77.0158191
  • Takoma Park LibraryBorrow it
    416 Cedar St. NW, Washington, DC, 20012, US
    38.9744936 -77.0201519
  • Tenley-Friendship LibraryBorrow it
    4450 Wisconsin Ave. NW, Washington, DC, 20016, US
    38.9476208 -77.0799279
  • West End LibraryBorrow it
    2522 Virginia Ave. NW, Washington, DC, 20037, US
    38.8992872 -77.05423379999999
  • Woodridge LibraryBorrow it
    1790 Douglas St. NE, Washington, DC, 20018, US
    38.9234096 -76.9791283
Processing Feedback ...