Investing in U.S. financial history understanding the past to forecast the future

Most people rely only on their life experiences to make investment decisions. This causes them to overlook cyclical forces that repeatedly reshape economies and markets. This book fills this void by recounting the financial history of the United States of America. It begins with Alexander Hamilton's...

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Bibliographic Details
Main Author: Higgins, Mark J. (Author)
Format: Books Print Book
Language:English
Published: Austin, Texas : Greenleaf Book Group Press, [2024]
Edition:First edition.
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082 0 4 |a 332.0973  |2 23  |1 https://id.oclc.org/worldcat/ddc/E3YFWqxx8hwbG8x4fv9rFtj3jP 
100 1 |a Higgins, Mark J.,  |e author. 
245 1 0 |a Investing in U.S. financial history :  |b understanding the past to forecast the future /  |c Mark J. Higgins, CFA, CFP. 
246 3 |a Investing in United States financial history 
250 |a First edition. 
264 1 |a Austin, Texas :  |b Greenleaf Book Group Press,  |c [2024] 
264 4 |c Ã2024 
300 |a xi, 585 pages :  |b illustrations, charts ;  |c 25 cm 
336 |a text  |b txt  |2 rdacontent 
337 |a unmediated  |2 rdamedia 
338 |a volume  |b nc  |2 rdacarrier 
340 |p illustration  |0 http://rdaregistry.info/termList/IllusContent/1014  |2 rdaill 
504 |a Includes bibliographical references (pages [525]-573) and index. 
505 0 |a Introduction -- The value of studying U.S. financial history -- Building the foundation of the U.S. financial system (1790-1865). Overdue credit to America's financial founding father ; Speculation erupts on Wall Street ; The first Great Depression ; The rise of Wall Street and the paradox of speculation ; The economics of the Civil War -- Growth and grift in the Gilded Age (1866-1895). Rails across America ; The dark side of the tracks ; The American system of manufactures ; Wall Street's troubled adolescence ; The Panic of 1873 and the long-wave depression ; Free silver and the Panic of 1893 -- Growing pains of an emerging empire (1896-1929). The American commercial invasion ; The last private lender of last resort ; War and pestilence ; A hollow roar on Wall Street -- The Great Depression and global destabilization (1930-1945). The last Great Depression ; The shaming of the Street ; Restoring confidence in America ; The world descends into darkness ; The U.S. arsenal of democracy -- The wealth of the American empire (1946-1982). The foundation of the new world order ; Institutions take the Street ; Inflated expectations -- The American empire strikes back (1893-2023). The second American commercial invasion ; Manufacturing portfolio complexity ; Sowing the seeds of discontent ; The ancient wonders of the present ; The great shadow bank run ; A decade of diminishing returns ; A 101-year pandemic ; Reflections on the past and shadows of America's future. 
520 |a Most people rely only on their life experiences to make investment decisions. This causes them to overlook cyclical forces that repeatedly reshape economies and markets. This book fills this void by recounting the financial history of the United States of America. It begins with Alexander Hamilton's financial programs in 1790 and ends with the Federal Reserve's battle to contain inflation in 2023. Authored by an experienced investment advisor and financial historian, this book will help readers: understand key drivers of financial crises and principles for managing them; recognize warning signs of speculative manias that lead to asset bubbles; understand why few investors beat market indices, and why index funds are preferable for most individuals and institutions; and identify the major threats to U.S. economic prosperity in the twenty-first century. This book reveals that there is almost no financial event that is unprecedented. By understanding the fundamental drivers underpinning key economic events, readers will internalize valuable investment principles, avoid common pitfalls, and resist the temptation to panic amid market volatility. --  |c Provided by publisher. 
650 0 |a Finance  |z United States  |x History. 
650 0 |a Financial services industry  |z United States  |x History. 
650 0 |a Investments  |z United States  |x History. 
650 0 |a Economic forecasting  |z United States  |y 21st century. 
651 0 |a United States  |x Economic conditions. 
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