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Foreword -- Robert M. Solow -- Introduction -- Financial crises: a hardy perennial -- The anatomy of a typical crisis -- Speculative manias -- Fueling the flames : the expansion of credit -- The critical stage : when the bubble is about to pop -- Euphoria and paper wealth -- Bernie madoff :...
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In 1901, the Northern Pacific was an unlikely prize: a twice-bankrupt construction of the federal government, it was a two-bit railroad (literally--five years back, its stock traded for twenty-five cents a share). But it was also a key to connecting eastern markets through Chicago to the rising...
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"Speculation--an economic reality for centuries--is a hallmark of the modern U.S. economy. But how does speculation … the emotional drivers of the consumer market, he offers a clear, concise explanation of speculation's complex role in … speculation, and describes in detail the disastrous aftermath of the 1929 panic. Payne's book will help students recognize the …
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The classic on crashes and financial crises Manias, Panics, and Crashes, Fifth Edition is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises,...
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