Good Morning Historians! I've been a finance guy for about 7 years now and every once in a while, a few of my older coworkers will reference something that took place 30 years ago for which I just sort of nod along and pretend to understand! I am currently reading A History of the United States in 5 Crashes, which discusses the various recessions of 1907, 1929, 1987, 2008 and 2010. However, it does not explain what took place in between all of those years in as much detail, so I don't know much about WW2 and the postwar years, the implications of the oil shock of 1972, the Savings and Loan Crisis, or any number of smaller shocks that took place over the past 150 years. I would like to know what happened, good or bad, so that I can learn from it and recognize when it is happening in the present day.
If anyone would like to talk about any events in the past 150 years and their implications in the stock market, economy, etc., please post here or if you have suggestions for further reading, I would love to hear them!
I'm taking a financial crises class for my MBA program, and I highly recommend my professor's book. From my experience, when professors assign their own book, they're irrelevant to the class or badly written, but hers is neither. She does a particularly good job explaining the Savings and Loan Crisis, which I'm surprised I hadn't heard of before.
Broken Bargain: Bankers, Bailouts, and the Struggle to Tame Wall Street https://www.amazon.com/Broken-Bargain-Bankers-Bailouts-Struggle/dp/0300223323
I didn't enjoy the other assigned reading as much, but many regard this next book as a classic. Keep in mind that it is not specific to the United States.
Manias, Panics, and Crashes: A History of Financial Crises
https://www.amazon.com/Manias-Panics-Crashes-History-Financial/dp/1137525754