twitter win prizes desmond elliott 2017
Search our site
Moonlight Over Manhattan by Sarah Morgan Read the opening extract of the brand new Sarah Morgan book before its publication on 05/10/2017

This edition has not yet been published

If available, why not choose another format from the 'Other Formats' box on the right.

A First-Class Catastrophe The Road to Black Monday, the Worst Day in Wall Street History by Diana B. Henriques
  

A First-Class Catastrophe The Road to Black Monday, the Worst Day in Wall Street History

RRP £25.00

Notify me
when available

As soon as this book is published
we will send you an email.

Synopsis

A First-Class Catastrophe The Road to Black Monday, the Worst Day in Wall Street History by Diana B. Henriques

The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed--from the bestselling author of The Wizard of LiesMonday, 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 one-day loss of nearly 5,000 points today.Black Monday was more than seven years in the making and threatened nearly every U.S. financial institution. Drawing on superlative archival research and dozens of original interviews Diana B. Henriques weaves a tale of missed opportunities, market delusions, and destructive actions that stretched from the silver crisis of 1980 to turf battles in Washington, a poisonous rivalry between the New York Stock Exchange and the Chicago Mercantile Exchange, and the almost-fatal success of two California professors whose idea for reducing market risk spun terribly out of control. As the story hurtles forward, the players struggle to forestall a looming market meltdown and unexpected heroes step in to avert total disaster.For thirty years, investors, regulators, and bankers have failed to heed the lessons of 1987, even as the same patterns have resurfaced, most spectacularly in the financial crisis of 2008. A First-Class Catastrophe offers a new way of looking not only at the past, but at our financial future as well.

Reviews

Diana Henriques has done it again! A First-Class Catastrophe traces, in vivid detail, the human and structural errors that led to the Crash of 1987. It's a remarkable and well-told story. I remember watching grown men cry as they watched the market fall 22.6 percent in one dark October day. Thanks to Henriques's excellent reporting, I now know why. --William D. Cohan, author of House of Cards and Why Wall Street Matters


About the Author

Diana B. Henriques is the author of the New York Times bestseller The Wizard of Lies: Bernie Madoff and the Death of Trust, which has been made into an HBO film starring Robert De Niro. A writer for The New York Times since 1989, she is a George Polk Award winner and a Pulitzer Prize finalist. Her work has also received Harvard's Goldsmith Prize for Investigative Reporting and the Worth Bingham Prize, among other honors. She lives in Hoboken, New Jersey.

More books by this author
Author 'Like for Like' recommendations

Loading other formats...

Book Info

Publication date

19th September 2017

Author

Diana B. Henriques

More books by Diana B. Henriques
Author 'Like for Like'
    recommendations

Publisher

Henry Holt & Company Inc

Format

Hardback
432 pages

Categories

Economic history
Investment & securities
History of the Americas
20th century history: c 1900 to c 2000

ISBN

9781627791649

It has opened my eyes to different authors and genres. Just log on and try, you will be surprised and not want for reading material again.

Jocelyn Garvey

I love that Lovereading handpicks very special debut reads.

Magda North

With literary excellence, humour and drama, Lovereading's got value and is a real stress-calmer!

Siobhan McDowell

I love reading because my cares & woes vanish for an hour or two whilst I read of the joys, adventures, lives of the characters in the book.

Jennifer Moville

If you LOVE reading then you will love LOVEREADING! It's a 'novel' idea. Seriously though I could not recommend them enough.

Rebecca Whymark

Discover new authors and enjoy old favourites; oodles of literary gems to uncover at Lovereading with candid reviews from real reviewers.

Emily Wright

Its jam packed with fantastic titles, informative descriptions & fantastic reviews and has a vast array of great features & competitions.

Linda Rollins

I love the honest opinions, recommendations for every genre and every reader, wish lists and Like for Like.

Amrita Dasgupta

Lovereading4kids

Lovereading4schools