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Crashes and Crises: Lessons from a History of Financial Disasters

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Crashes and Crises: Lessons from a History of Financial Disasters

By: Connel Fullenkamp, The Great Courses
Narrated by: Connel Fullenkamp
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About this listen

Professor Connel Fullenkamp of Duke University guides listeners through four centuries of economic disasters - from tulip mania in the 1600s to the Great Recession of 2007-2009. Each of his 24 lectures covers a notable incident of financial misfortune or folly that is worthy of a Hollywood thriller. You hear how Charles Ponzi conducted the moneymaking scam that bears his name; how mining companies in the Old West sprang up like Internet start-ups, with a similar imbalance of winners and losers; how hyperinflation destroyed Germany’s economy at the beginning of 1920s and how its resulting stock market crash nearly sank America’s stock market.

You also hear how the Great Depression deepened through a wave of bank panics; how, in more recent times, the US savings and loan industry went belly-up; how Orange County in California went bankrupt, how Japan’s hard-charging economy came to a screeching halt; how currency crises swept the globe; how subprime mortgages nearly sparked a second Great Depression; and much more. You also learn how technology has transformed stock trading, how cryptocurrencies work, and why we live in an era of financial instability.

As well as entertaining you with riveting stories, Professor Fullenkamp inoculates you against the gullibility, overconfidence, and herd mentality that have trapped even Wall Street professionals in misguided investments that lost billions. You won’t have any trouble staying awake through these stimulating lectures. And, armed with the knowledge of how to stay out of harm’s way, you may even sleep better at night.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2018 The Teaching Company, LLC (P)2018 The Great Courses
Politics & Government United States World Stock Market Financial Crisis
All stars
Most relevant
Easy to listen and very informative
Recommend this book for anyone who invests or studying financial matkets

Good listen

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fullenkamp has a knack for distilling the complex to its simple components. I recommend this and several of his other works in the series. he also approaches the problems without significant Orthodox or heterodox economic ideology. just sticks to the mechanics of the issues.

concise and very interesting

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But it did make the basic point that if you print money and keep interest rates artificially low you will get land bubbles and inflation.

Pretty basic

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