A History Of The United States In Five Crashes: Stock Market Meltdowns That Defined A Nation

Hardcover | June 13, 2017

byScott Nations

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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.

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From the Publisher

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...

From the Jacket

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 Knickerbo...

Scott Nations is the president of NationsShares, a financial engineer firm. He is a regular contributor to CNBC, where he discusses markets and other investment topics. He is the author of two technical books for option traders, Options Math and The Complete Book of Option Spreads and Combinations. He lives in Chicago, Illinois.

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Hardcover|Oct 30 2012

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A History Of The United States In Five Crashes: Stock Market Meltdowns That Defined A Nation
A History Of The United States In Five Crashes: Stock M...

Paperback|May 15 2018

$16.46 online$18.50list price(save 11%)
see all books by Scott Nations
Format:HardcoverDimensions:352 pages, 9 × 6 × 1.13 inPublished:June 13, 2017Publisher:HarperCollinsLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0062467271

ISBN - 13:9780062467270

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“A fast-paced narrative... Lively style... Entertaining and informative.”