A History of the United States in Five Crashes

This economic and cultural history reveals how five significant stock market crashes in the past century define the modern United States. The Panic of 1907 1929: Black Tuesday 1987: Black Monday 2008: The Great Recession 2010: The Flash Crash Each of these financial implosions that caused a catastrophic drop in the American stock market is a remarkable story in its own right 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. Financial expert 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. "Excellent. . . . A pleasure to read." — Wall Street Journal "Absorbing. . . . Nations's stylish writing gives these stories of greed and fear a cliffhanger momentum." — Financial Advisor Magazine "Timely. . . . An eye-opening examination of the many ways money can be made—and disappear." — Kirkus Reviews