Audiobooks by Sean D. Carr

The Panic of 1907, 2nd Edition: Heralding a New Era of Finance, Capitalism, and Democracy

An authoritative 'biography' of one of history's great financial crises with enduring lessons about contemporary finance In this newly-revised second edition, offering 50% entirely new material, The Panic of 1907: Heralding a New Era of Finance, Capitalism, and Democracy, delivers a groundbreaking examination of one of the most consequential crises in financial history. Deftly weaving historical evidence, insightful analysis, and compelling narrative, The Panic of 1907 explains how and why a financial panic unfolds, with lessons that can be applied to our understanding of present-day financial and monetary systems. In the book, you'll find: the reasons why, despite today's stronger monetary regime and risk-mitigation tools, our modern institutions are not immune to future crises; explanations about the development of the United States' Federal Reserve System, which was created in 1913 in direct response to the Panic of 1907; and an engaging and entertaining account of an innately fascinating period in financial and economic history, with remarkable leaders and a gallery of rogues. An indispensable tale that belongs on the shelves of anyone with an interest in American or financial history, The Panic of 1907 is an expert retelling of one of the most important, but least well-known crises of the last 200 years.

Robert F. Bruner, Sean D. Carr (Author), Bob Johnson (Narrator)

Audiobook

Play Sample Listen For Free

The Panic of 1907: Lessons Learned from the Market's Perfect Storm

The Panic of 1907 takes a historical look at what is considered the third worst market crash in history and defines how it relates to the financial markets in 2007, exactly 100 years later. In a detailed and well-written narrative, authors Bruner and Carr take the reader through the story of the crash, beginning with the dramatic story of Charles T. Barney's death (Barney was the deposed president of the Knickerbocker Trust Company, one of the first financial institutions to collapse, who killed himself) and ending with the establishment of the Federal Reserve System (due to calls for government reform). The final chapter details lessons to be learned from the crash, including what the authors call a 'potent formula for disaster'; information asymmetry; absence of slack; cognitive biases; overreaching; shock occurs; and, an inadequacy of response.

Robert F. Bruner, Sean D. Carr (Author), Jay Snyder (Narrator)

Audiobook

Play Sample Listen For Free