Result for "Financial Freedom Guide" in History

Brought to you by Penguin. THIS HAS HAPPENED BEFORE. The current financial crisis has only one parallel: the Wall Street Crash of 1929 and subsequent Great Depression of the 1930s, which crippled the future of an entire generation and set the stage for the horrors of the Second World War. Yet...

Set in 18th century Philadelphia, the book follows Frank as he amasses a large fortune through stock speculation and purchases of shares in the growing street railway industry. He marries an older woman and has two children and uses his new found wealth to become socially prominent. Things however take a turn for the worst when he has an affair with Aileen Butler, the daughter of a politically prominent Irish industrialist.

With incomparable wisdom, skill, and wit, world-renowned economist John Kenneth Galbraith traces the history of the major speculative episodes in our economy over the last three centuries. Exposing the ways in which normally sane people display reckless behavior in pursuit of profit, Galbraith asserts that our "notoriously short" financial memory is what creates the conditions for market collapse. By recognizing these signs and understanding what causes them we can guard against future recessions and have a better hold on our country's (and our own) financial destiny. 

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