A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation
Written by Scott Nations
Narrated by Christopher Grove
4.5/5
()
About this audiobook
In this absorbing, smart, and accessible blend of economic and cultural history 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 crashes in the United States over the past century, revealing how they have defined the nation today.
THE PANIC OF 1907; BLACK TUESDAY (1929); BLACK MONDAY (1987); THE GREAT RECESSION (2008); THE FLASH CRASH (2010): Each of these financial implosions that caused a catastrophic drop in the American stock market is a remarkable story in its own right. But taken together, they offer a unique financial history of the American century. In A History of the United States in Five Crashes, financial executive and CNBC contributor Scott Nations examines these precipitous dips, revealing how each played a role in America’s political and cultural fabric, one building upon the next to create the nation we know today.
Scott Nations identifies the factors behind the disastrous runs on banks that led to the Panic of 1907, the first great scare of the twentieth century. He explains why 1920s America adopted investment trusts—a practice that helped post—World War I Britain—and how they were a primary catalyst of the 1929 crash. He explores America’s love affair with an expanding stock market in the 1980s—which spawned the birth of portfolio insurance that significantly contributed to the 1987 crash. And he examines the factors that led to the 2008 global meltdown, and the rise of algorithmic trading, the modern financial technology that sparked the 2010 Flash Crash when American stocks lost a trillion dollars in minutes.
A History of the United States in Five Crashes clearly and compellingly illustrates the connections between these financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one.
Scott Nations
Scott Nations is the president of NationsShares, a financial engineering firm. He is a regular contributor to CNBC, where he frequently appears on-air to discuss markets, derivatives, and other investment topics. He is the author of two technical books for option traders, Options Math for Traders and The Complete Book of Option Spreads and Combinations. He lives in Chicago, Illinois.
Related to A History of the United States in Five Crashes
Related audiobooks
Adaptive Markets: Financial Evolution at the Speed of Thought Rating: 4 out of 5 stars4/5The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street Rating: 5 out of 5 stars5/5Irrational Exuberance: Revised and Expanded Third Edition Rating: 4 out of 5 stars4/5Markets Never Forget (But People Do): How Your Memory is Costing You Money and Why This Time Isn't Different Rating: 4 out of 5 stars4/5Big Mistakes: The Best Investors and Their Worst Investments Rating: 5 out of 5 stars5/5This Time is Different: Eight Centuries of Financial Folly Rating: 4 out of 5 stars4/5The Great Crash 1929 Rating: 5 out of 5 stars5/5Boomerang: Travels in the New Third World Rating: 4 out of 5 stars4/5The Devil's Financial Dictionary Rating: 4 out of 5 stars4/5Boombustology: Spotting Financial Bubbles Before They Burst 2nd Edition Rating: 5 out of 5 stars5/5Too Big to Save? How to Fix the U.S. Financial System Rating: 5 out of 5 stars5/5The Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis Rating: 0 out of 5 stars0 ratingsFatal Risk: A Cautionary Tale of AIG's Corporate Suicide Rating: 3 out of 5 stars3/5Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Rating: 4 out of 5 stars4/5The Big Short: Inside the Doomsday Machine Rating: 5 out of 5 stars5/5The Ascent of Money: A Financial History of the World Rating: 4 out of 5 stars4/5The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country Rating: 5 out of 5 stars5/5Inside the House of Money, Revised and Updated: Top Hedge Fund Traders on Profiting in the Global Markets Rating: 4 out of 5 stars4/5Devil Take the Hindmost: A History of Financial Speculation Rating: 4 out of 5 stars4/5The Physics of Wall Street: A Brief History of Predicting the Unpredictable Rating: 4 out of 5 stars4/5A Short History of Financial Euphoria Rating: 4 out of 5 stars4/5The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance Rating: 5 out of 5 stars5/5A Capitalist's Lament: How Wall Street Is Fleecing You and Ruining America Rating: 5 out of 5 stars5/5The Death Money: The Coming Collapse of the International Monetary System (Int'Edit.) Rating: 5 out of 5 stars5/5The Little Book of Commodity Investing Rating: 3 out of 5 stars3/5Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation Rating: 4 out of 5 stars4/5The Little Book of Stock Market Cycles: How to Take Advantage of Time-Proven Market Patterns Rating: 4 out of 5 stars4/5The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market Rating: 5 out of 5 stars5/5Stocks for the Long Run Rating: 4 out of 5 stars4/5The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere Rating: 4 out of 5 stars4/5
Economics For You
Freakonomics Rev Ed Rating: 4 out of 5 stars4/5Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity Rating: 5 out of 5 stars5/5Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain Rating: 4 out of 5 stars4/5How the World Works Rating: 4 out of 5 stars4/5Why the Rich Are Getting Richer Rating: 5 out of 5 stars5/5The Color of Money: Black Banks and the Racial Wealth Gap Rating: 5 out of 5 stars5/5Don't Trust Your Gut: Using Data to Get What You Really Want in Life Rating: 4 out of 5 stars4/5Chip War: The Quest to Dominate the World's Most Critical Technology Rating: 5 out of 5 stars5/5San Fransicko: Why Progressives Ruin Cities Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail Rating: 5 out of 5 stars5/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5These are the Plunderers: How Private Equity Runs—and Wrecks—America Rating: 5 out of 5 stars5/5The War Below: Lithium, Copper, and the Global Battle to Power Our Lives Rating: 5 out of 5 stars5/5The Ascent of Money: A Financial History of the World Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5Marvel Comics: The Untold Story Rating: 4 out of 5 stars4/5The Genius of Israel: The Surprising Resilience of a Divided Nation in a Turbulent World Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5The Meth Lunches: Food and Longing in an American City Rating: 5 out of 5 stars5/5The Lexus and the Olive Tree: Understanding Globalization Rating: 4 out of 5 stars4/5Nudge: The Final Edition: Improving Decisions About Money, Health, And The Environment Rating: 4 out of 5 stars4/5Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power Rating: 5 out of 5 stars5/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 5 out of 5 stars5/5What We Owe Each Other: A New Social Contract for a Better Society Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 5 out of 5 stars5/5Men Without Work: America's Invisible Crisis Rating: 4 out of 5 stars4/5Nothing Is True and Everything Is Possible: The Surreal Heart of the New Russia Rating: 4 out of 5 stars4/5Nomadland: Surviving America in the Twenty-First Century Rating: 4 out of 5 stars4/5The Technology Trap: Capital, Labor, and Power in the Age of Automation Rating: 4 out of 5 stars4/5
Reviews for A History of the United States in Five Crashes
86 ratings7 reviews
- Rating: 5 out of 5 stars5/5It is a great read if you are looking to start trading and investing in stocks.
1 person found this helpful
- Rating: 5 out of 5 stars5/5This book is a reminder that ‘history rhymes.’ Though every financial crisis is different yet similar in some ways… we often get carried away with current situations not realizing similar have happened in the past. This book is a great review of the past financial crisis for anyone interested in history and investing.
- Rating: 5 out of 5 stars5/5The author creates fantastic postmortem of each examined crash. He does this by weaving the events preceding the crash into a story of the political, social, financial and human elements at play. A great read for any history buff.
- Rating: 5 out of 5 stars5/5Fantastic! Very detailed, and yet not so detailed that you get lost in the numbers. Very interesting book to reflect on, especially during this Summer 2021.
- Rating: 5 out of 5 stars5/5If the reader is interested in understanding the details behind the commonalities across some of the major financial American crisis, this book serve the purpose.
- Rating: 3 out of 5 stars3/5Involves a lot of unimportant stories. If you are listening for strictly financial information and not personal stories than this is not the book for you
- Rating: 3 out of 5 stars3/5Well narrated and provided some new insight into 5 well documented stock market crashes.