The Global Financial Crisis started in the USA in 2008. The economy shifts and cycles, and occasionally falls into depressions. Making sense of these "recurring disturbances" is the aim of the classic bestseller "Financial Crises and Periods of Industrial and Commercial Depression", originally published in 1902, and written by Theodore Burton. In this book, Burton tries to clarify the confusion surrounding economic phenomena such as panics, crises, and depressions. He attempts to identify their causes and effects and looks at whether depressions are unavoidable features of a transition period in business and industry. He also examines the periodicity of crises and depressions and if they regularly recur or are the result of chance. THEODORE E. BURTON (1851-1929) represented Ohio in the U.S. Congress for forty-one years. He served on the Inland Waterways Commission, the National Waterways Commission, and the National Monetary Commission.
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4 of 5 people found the following review helpful:
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Nature and causes of crises and depressions. Fascinating facts and authoritative arguments,
By Monique (SoHo) - See all my reviews
This review is from: Financial Crises And Periods Of Industrial And Commercial Depression: 1902 Edition - Reprint 2009 (Paperback)
Thought-provoking ideas regarding the nature and causes of crises and depressions. Numerous fascinating facts and authoritative arguments are presented.Includes brief account of crises and depressions in the U.S. along with a wonderful selection of quotations relating to causes. - General facts concerning crises and depressions; periodicity. - The phenomena of crises and depressions and the events preceding them. - Causes of crises and depressions. - Indications of prosperity or depression. - Indications of the approach of a crisis or depression. - Preventives and remedies. - Brief account of crises and depressions in the US. - Summary and conclusion. - A selection of opinions relating to the causes of crises and depressions. - Statistical data. A true piece of history.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
A must read for anyone interested in American finance,
This review is from: Financial Crises And Periods Of Industrial And Commercial Depression: 1902 Edition - Reprint 2009 (Paperback)
In May, 1901 the stock market crashed on the New York Stock Exchange for the first time. The Panic of 1901 was a stock market crash on the New York Stock Exchange caused in part by struggles between E. H. Harriman, Jacob Schiff, and J. P. Morgan/James J. Hill for the financial control of the Northern Pacific Railroad. The stock cornering was orchestrated by James Stillman and William Rockefeller's First National City Bank financed with Standard Oil money. After reaching a compromise, the moguls formed the Northern Securities Company. As a result of the panic thousands of small investors were ruined.Most people reading books on finance, particularly historical books, aren't really expecting something highly readable by a layman. That is where this book is quite surprising. It flows very nicely and quickly. It visualizes events of the day very well. Some discussion is done of the aftermath and results but it really focuses and puts you in the meeting rooms with the people making the decisions at the time they were happening. Some space is given to the aftermath and addressing the causes but it really does a spectacular job of actually walking through the events that occurred as they were perceived. What is thought provoking is how eerily similar some attributes of this moment in history are to today. This book is highly readable and flows quite smoothly and quickly and is very enlightening.
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United States, United Kingdom, New York, Great Britain, Bank of England, Civil War, Bank of France, Political Economy, Argentine Republic, Trade Unions, Industrial Depressions, History of Prices, Suez Canal, Clément Juglar, Contemporary Review, Treasury Department, Black Friday, South Africa, Stock Exchange Browse Sample Pages:
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crises and depressions, favourable indication, metallic money Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, United Kingdom, New York, Great Britain, Bank of England, Civil War, Bank of France, Political Economy, Argentine Republic, Trade Unions, Industrial Depressions, History of Prices, Suez Canal, Clément Juglar, Contemporary Review, Treasury Department, Black Friday, South Africa, Stock Exchange Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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