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A First-Class Catastrophe - The Road To Black Monday, The Worst Day In Wall Street History

by Diana B. Henriques
A First-Class Catastrophe - The Road To Black Monday, The Worst Day In Wall Street History - Thryft
A First-Class Catastrophe - The Road To Black Monday, The Worst Day In Wall Street History - Thryft

Essence of the book: Gripping account of the 1987 Crash that nearly collapsed the US financial system.

Recommendation: - This book is a must-read for anyone interested in understanding the historical events that led to one of the worst days in Wall Street history. Diana B. Henriques provides a gripping and meticulously researched account of the 1987 crash, revealing the ignored warnings, market delusions, and destructive decisions that threatened the entire US financial system. Through vivid storytelling, Henriques brings to life the central characters and their struggle to avoid a national panic. A First-Class Catastrophe serves as a cautionary tale and offers valuable insights into the financial future.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

A First-Class Catastrophe - The Road To Black Monday, The Worst Day In Wall Street History

by Diana B. Henriques
Condition guide

Book Condition Guide

Books in Like New Condition

This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Very Good Condition

This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Good Condition

We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Well Read Condition

This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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ISBN: 9781627791649
Author: Diana B. Henriques
Publisher: Henry Holt and Co.
Date of Publication: 2017-09-19
Format: Hardcover
Related Collections: Politics, Business, Economics, History
Related Topics: History, Finance, Finance, Politics
Goodreads rating: 3.92
(rated by 194 readers)

Description

The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed-- f rom the bestselling author of The Wizard of Lies Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent – almost twice as bad as the worst day of 1929 – equal to a one-day loss of nearly 5,000 points today.Black Monday was more than seven years in the making and threatened nearly every U.S. financial institution. Drawing on superlative archival research and dozens of original interviews Diana B. Henriques weaves a tale of missed opportunities, market delusions, and destructive actions that stretched from the “silver crisis” of 1980 to turf battles in Washington, a poisonous rivalry between the New York Stock Exchange and the Chicago Mercantile Exchange, and the almost-fatal success of two California professors whose idea for reducing market risk spun terribly out of control. As the story hurtles forward, the players struggle to forestall a looming market meltdown and unexpected heroes step in to avert total disaster.For thirty years, investors, regulators, and bankers have failed to heed the lessons of 1987, even as the same patterns have resurfaced, most spectacularly in the financial crisis of 2008. A First-Class Catastrophe offers a new way of looking not only at the past, but at our financial future as well.
 

Essence of the book: Gripping account of the 1987 Crash that nearly collapsed the US financial system.

Recommendation: - This book is a must-read for anyone interested in understanding the historical events that led to one of the worst days in Wall Street history. Diana B. Henriques provides a gripping and meticulously researched account of the 1987 crash, revealing the ignored warnings, market delusions, and destructive decisions that threatened the entire US financial system. Through vivid storytelling, Henriques brings to life the central characters and their struggle to avoid a national panic. A First-Class Catastrophe serves as a cautionary tale and offers valuable insights into the financial future.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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