Coupon
A First-Class Catastrophe : The Road to Black Monday, the Worst Day in Wall Street History
by Diana B. Henriques


Overview -

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.  Read more...


 
In Stock.

FREE Shipping for Club Members
 
> Check In-Store Availability

In-Store pricing may vary

 
 
New & Used Marketplace 46 copies from $8.33
 
Download

This item is available only to U.S. billing addresses.
 
 
 
 

More About A First-Class Catastrophe by Diana B. Henriques
 
 
 
Overview

The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed--from 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.


 
Details
  • ISBN-13: 9781627791649
  • ISBN-10: 1627791647
  • Publisher: Henry Holt & Company
  • Publish Date: September 2017
  • Page Count: 416
  • Dimensions: 9.5 x 6.1 x 1.2 inches
  • Shipping Weight: 1.2 pounds


Related Categories

Books > Business & Economics > Economic History
Books > Business & Economics > Investments & Securities - Stocks
Books > History > United States - 20th Century

 
BAM Customer Reviews