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Crashes and Crises: Lessons from a History of Financial Disasters

By: Connel Fullenkamp, The Great Courses
Narrated by: Connel Fullenkamp
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Summary

Professor Connel Fullenkamp of Duke University guides listeners through four centuries of economic disasters - from tulip mania in the 1600s to the Great Recession of 2007-2009. Each of his 24 lectures covers a notable incident of financial misfortune or folly that is worthy of a Hollywood thriller. You hear how Charles Ponzi conducted the moneymaking scam that bears his name; how mining companies in the Old West sprang up like Internet start-ups, with a similar imbalance of winners and losers; how hyperinflation destroyed Germany’s economy at the beginning of 1920s and how its resulting stock market crash nearly sank America’s stock market.

You also hear how the Great Depression deepened through a wave of bank panics; how, in more recent times, the US savings and loan industry went belly-up; how Orange County in California went bankrupt, how Japan’s hard-charging economy came to a screeching halt; how currency crises swept the globe; how subprime mortgages nearly sparked a second Great Depression; and much more. You also learn how technology has transformed stock trading, how cryptocurrencies work, and why we live in an era of financial instability.

As well as entertaining you with riveting stories, Professor Fullenkamp inoculates you against the gullibility, overconfidence, and herd mentality that have trapped even Wall Street professionals in misguided investments that lost billions. You won’t have any trouble staying awake through these stimulating lectures. And, armed with the knowledge of how to stay out of harm’s way, you may even sleep better at night.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2018 The Teaching Company, LLC (P)2018 The Great Courses
  • Unabridged Audiobook
  • Categories: History
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What listeners say about Crashes and Crises: Lessons from a History of Financial Disasters

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Worth it

Really good. The narrator made a complex topic highly accessible, interesting and relevant. I learned alot. I'm going to listen to other courses by this author.

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quite interesting

Ok, might be a good idea not to repeat the "not a financial advisor" disclaimer in each chapter. One wouldn't trust them anywsy.

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fascinating and insightful

I learned a lot from this book. I highly recommend the Great Courses for gaining further insight into a subject that interests you.

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Very Interesting Insight

Great narration. Covers a time line of financial issues, explaining how they all came about. It's oddly amusing, that although the issues were all very different, the underlying causes share a similar pattern.

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easy to follow and very informative

Excellent lectures that are easy to follow, even with minimum previous knowledge on economics. He explains some of the terms, current events relevant to each of the crises and crashes, as well as what led to them happening and reason, plus all the signs that were ignored and the effects it had on society at the time with lessons to be learned in the future. Really enjoyed it.
He also narrated it well.

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  • Overall
    4 out of 5 stars

Awesome course minus one star 🌟 for saying we cannot regulate more.

Fantastic course. I found the disclaimer fairly amusing "for goodness sake don't use this course to invest" after each lecture. I was going to easily give this five stars. Minus one for arguing we can't regulate because IT complicated and peer to peer lending. People can pick, cut and smash locks that's not an argument not to have locks. That is a ridiculous argument. We can't laws or regulations because people can break them. Apart from that this is an excellent course.

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Great stories and interesting and informative

Filled with great financial stories or crashes…

Informative and entertaining.

A few chapters I found bit complicated, but that was the nature of a few of these stories

Well worth a listen

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Excellent book

One of the best book about financial crisis throughout history. The write explains how government spending and greed of individual people gives rise to financial disasters.
Very well narrated too.

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  • Overall
    5 out of 5 stars

Great listen if you enjoy finance

Really good material, greatly enjoyed it. Great explanations from clearly a knowledgeable author. Easily worth using a token and great for the journey to and from work.

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1 person found this helpful

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Very well done

Very well narrated and put together. Some level of economic understanding needed before starting to listen.

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1 person found this helpful