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.
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Financial crises -- United States -- History -- 20th century.
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Stock exchanges -- United States -- History -- 20th century.
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Finance -- United States -- History -- 20th century.
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Alternate Title |
1st-class catastrophe |
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