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The Panic of 1907
- Lessons Learned from the Market's Perfect Storm
- Narrated by: Jay Snyder
- Length: 6 hrs and 14 mins
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Publisher's summary
Why do markets crash and bank panics happen? Conventional wisdom has gathered, like iron filings, at two intellectual poles: at one extreme is a hodge-podge of idiosyncratic, period-specific causes and at the other is a host of all-encompassing "single bullet" theories.
In The Panic of 1907, authors Robert Bruner and Sean Carr offer an alternate perspective through a detailed narrative of one of the worst crises in modern financial history - one which ultimately transformed the American financial system and resulted in the establishment of the modern Federal Reserve.
Drawing from rare source materials, Bruner and Carr take you day by day through the crisis in 1907, revealing what happened, why it matters, and what we can learn from it. Beginning with a catastrophic earthquake in San Francisco and culminating in the shocking suicide of the deposed president of one of New York's leading financial institutions, this book will draw you into the central issues surrounding the panic of 1907.
With The Panic of 1907 as your guide, you'll be prepared to assess, understand, and anticipate the factors that can lead to a crisis
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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What listeners say about The Panic of 1907
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- R. A. Steele
- 04-30-21
How J.P. Morgan saved the world
Which is what happened in 1907. The post mortem in the last chapter makes the book worth reading all by itself. Through this lens you can see why the Federal Reserve and Glass-Steagall are necessary and why Glass-Steagall should never have been weakened. An excellent resource for anyone wanting to understand the history of US banking.
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- Bill
- 12-21-23
interesting story.
Professionally done. Well-researched. Excellent narration. I believe that this book is also relevant to today.
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