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Book Cover
PRINTED MTL
Author Henriques, Diana B., author.

Title A first-class catastrophe : the road to Black Monday, the worst day in Wall Street history / Diana B. Henriques.

Publisher New York : Henry Holt and Company, 2017.

Copies

LOCATION CALL NO. STATUS
 Camden PL At Work  At Work 332.64 Hen    AVAILABLE  
 Falmouth ML Non Fiction  332.64 Hen    AVAILABLE  
 Kennebunk Adult Non-Fiction  332.642 HENRIQUES, D.    AVAILABLE  
 Merrill ML Adult Nonfiction  332.64 HEN    AVAILABLE  
 Patten Free Non Fiction  332.64 Hen    AVAILABLE  
Edition First edition.
Physical Description xviii, 393 pages ; 25 cm
Note "A New York Times book."
Summary "The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed ... 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 loss of nearly 5,000 points today. But Black Monday was more than just a one-day market crash; it was seven years in the making and threatened the entire U.S. financial system. Drawing on archival research and dozens of original interviews, financial journalist Diana B. Henriques weaves a tale of ignored warnings, market delusions, and destructive decisions."--Jacket.
Contents Part one: Vanishing borders. Silver Thursday ; Bright ideas ; Chicago vs. New York ; Shifting gears ; A deal in D.C. ; Stock futures, bond failures -- Part two: Titans and wizards. A plague from Oklahoma ; Bulls and banks ; Chicago rising ; Arbitrage and accommodation ; Banks on the brink -- Part three: Contagion. Mergers and mutations ; Berkeley rising, banks falling ; Witching hours ; Rational markets? ; Pandora's portfolios ; January omens, July alarms -- Part four: Reckoning. The worst weeks ever ; 508 points ; Juggling hand grenades ; Placing blame, dodging reality.
Note Includes bibliographical references (pages 289-375) and index.
Subject Stock Market Crash, 1987.
Financial crises -- United States -- History -- 20th century.
Stock exchanges -- United States -- History -- 20th century.
Finance -- United States -- History -- 20th century.
Alternate Title 1st-class catastrophe