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Panic on Wall Street: A History of America's Financial Disasters

4.44  ·  Rating Details ·  9 Ratings  ·  2 Reviews
The financial panics analyzed in this book illustrate the complexity of such events & that the causes are varied: political, military, economic, even psychological.
Introduction
William Duer & the panic of 1792
The crisis of Jacksonian finances: 1837
The western blizzard of 1857
The circus comes to town: 1865-69
Crisis of the gilded age: 1873
Grant's last panic: 1884
...more
Paperback, 480 pages
Published December 19th 1999 by Beard Books (first published January 1st 1968)
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Jon
Apr 05, 2013 Jon rated it liked it
It seems that the story of Wall Street has remained the same since it started around 1790: There've been a lot of people who've lose their wits at the prospect of striking rich quick. It's the nature of speculation, isn't it, and it's perhaps the reason why we need more criticism of the root of Wall Street.

Panic on Wall Street starts out by explaining that root. Men like Washington, Jefferson, and Madison all invested their money in land, commerce, and joint stock companies, but they weren't in
...more
Paul Gibson
Dec 26, 2013 Paul Gibson rated it it was amazing
A very well written book that stays on topic. This is an older book; published in 1968. I chose this book because many more recent books were obviously written from a certain perspective, with the intent to prove a point. I didn't want to read a book that supports a certain perspective (even my own perspective). To read a book unaware of current history turned out to be a good choice for me.
One thing I didn't expect, but came to understand through reading the book, was that fact that almost noth
...more
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Robert Sobel was an American professor of history at Hofstra University, and a well-known and prolific writer of business histories. He was also a chess Master, who represented the United States at the 1957 and 1958 Student chess Olympiads; he defeated thirteen-year-old future World Champion Bobby Fischer at Montreal 1956.

Despite his prolific writings in business history, he is most famous for his
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More about Robert Sobel...

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