Manias, Panics, and Crashes: A History of Financial Crises is a wonderful book which is a history lesson for those who want to learn about the rise and fall of the trade industry. Throughout history, the trade and commerce market has faced fluctuations and suffered crises. This book talks about them in chronological order while telling about the various downfalls in the history of financing.
Manias, Panics and Crashes pdf Review:
The book is penned by Charles Kindleberger who has a gift for telling stories about the world of finance. The book was published in 1978 and has a Good Reads rating of 4/5. It is one of the most highly regarded and highly recommended books about investments. What the book lacks is a little bit visual illustration to make the ideas more easily understandable by the reader. It also does not give much detail about the reason for inflation of economic bubbles. Despite all this, the book is a timely classic for anyone who wants to dig deeper into the dark secrets and past of the financing market.
Manias, Panics and Crashes PDF Features:
- The book is a narrative of all the economics bubbles throughout the start of trading business. It deals with the creation, blowing up and breaking of these bubbles.
- Kindleberger explores the circumstances that are created when a situation of conflict or differences in opinions arise.
- The readers get to know the effect bank notes, bonds and investors affect everyone and everything.
- Financial crises of over a hundred years are mentioned in detail. The author talks about how these financial disasters shook the market and the economy.
- Although not much information is given regarding the crises of last 80 years, the book can be taken or understood as a warning or a proposition that history might just repeat itself.
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