A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation Audiobook (Free)

In this absorbing, smart, and accessible blend of economic and cultural history in the vein of the functions of Michael Lewis and Andrew Ross Sorkin, a financial professional and CNBC contributor examines the five most significant currency markets crashes in america within the last century, revealing how they have defined the country today.

THE PANIC OF 1907; BLACK TUESDAY (1929); Dark MONDAY (1987); THE FANTASTIC Downturn (2008); THE FLASH CRASH (2010): Each of these monetary implosions that caused about A History of the United States in Five Accidents: Stock Market Meltdowns That Defined a Nation a catastrophic drop in the American stock market is an extraordinary story in its right. But used together, they offer a unique credit history of the American century. In A BRIEF HISTORY of america in Five Accidents, financial professional and CNBC contributor Scott Nations examines these precipitous dips, uncovering how each played a role in America’s politics and cultural fabric, one building upon the next to create the country we realize today.

Scott Countries identifies the factors behind the devastating runs about banks that resulted in the Panic of 1907, the initial great scare of the twentieth century. He points out why 1920s America adopted expense trusts-a practice that helped post-World War I Britain-and how they were an initial catalyst from the 1929 crash. He explores America’s love affair with an growing currency markets in the 1980s-which spawned the delivery of stock portfolio insurance that significantly contributed to the 1987 crash. And he examines the factors that resulted in the 2008 global meltdown, as well as the rise of algorithmic trading, the modern economic technology that sparked the 2010 Adobe flash Crash when American shares dropped a trillion dollars in a few minutes.

A BRIEF HISTORY of the United States in Five Crashes clearly and compellingly illustrates the cable connections between these monetary collapses and examines the solid, clear-cut lessons they provide for preventing the next one.