
Crashes and Crises: Lessons from a History of Financial Disasters
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Narrated by:
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Connel Fullenkamp
About this listen
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 CoursesListeners also enjoyed...
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- By: Dorsey Armstrong, The Great Courses
- Narrated by: Dorsey Armstrong
- Length: 5 hrs and 6 mins
- Original Recording
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The 10 enlightening (and often humorous) lectures of Medieval Myths and Mysteries will show you how far from the “dark” times of legend these centuries were. Uncover the facts about the Knights Templar. Reveal the truth behind the tales of legendary creatures like the Questing Beast and the unicorn. Trace the events of the Black Death and the ways it altered the world in its wake, and much more. With Professor Armstrong, you will dig deep into the ways that later generations reshaped the narrative of the medieval years and perpetuated the myths.
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Interesting, but centered on Britain
- By Ximena on 04-10-20
By: Dorsey Armstrong, and others
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Ghost
- My Thirty Years as an FBI Undercover Agent
- By: Michael R. McGowan, Ralph Pezzullo
- Narrated by: Mike Dawson
- Length: 8 hrs and 45 mins
- Unabridged
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Within FBI field operative circles, groups of people known as “Special” by their titles alone, Michael R. McGowan is an outlier. Over the course of his career, McGowan has worked more than 50 undercover cases. In this extraordinary and unprecedented book, McGowan will take listeners through some of his biggest cases, from international drug busts to the Russian and Italian mobs to biker gangs and contract killers to corrupt unions and SWAT work. Ghost is an unparalleled view into how the FBI, through the courage of its undercover Special Agents, nails the bad guys.
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Interesting story, but narration eh
- By Ahdumb on 10-06-18
By: Michael R. McGowan, and others
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The Autobiography of Malcolm X
- As Told to Alex Haley
- By: Malcolm X, Alex Haley
- Narrated by: Laurence Fishburne
- Length: 16 hrs and 52 mins
- Unabridged
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Experience a bold take on this classic autobiography as it’s performed by Oscar-nominated Laurence Fishburne. In this searing classic autobiography, originally published in 1965, Malcolm X, the Muslim leader, firebrand, and Black empowerment activist, tells the extraordinary story of his life and the growth of the Human Rights movement. His fascinating perspective on the lies and limitations of the American dream and the inherent racism in a society that denies its non-White citizens the opportunity to dream, gives extraordinary insight into the most urgent issues of our own time.
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it's Nearly perfect
- By Kerry on 09-16-20
By: Malcolm X, and others
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Buddhism for Beginners
- By: Thubten Chodron, His Holiness the Dalai Lama - foreword
- Narrated by: Gabra Zackman
- Length: 4 hrs and 43 mins
- Unabridged
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This user’s guide to Buddhist basics takes the most commonly asked questions - beginning with “What is the essence of the Buddha’s teachings?” - and provides simple answers in plain English. Thubten Chodron’s responses to the questions that always seem to arise among people approaching Buddhism make this an exceptionally complete and accessible introduction - as well as a manual for living a more peaceful, mindful, and satisfying Life.
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Amazing introduction to Buddhism
- By chad d on 07-02-15
By: Thubten Chodron, and others
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Thinking Like an Economist: A Guide to Rational Decision Making
- By: Randall Bartlett, The Great Courses
- Narrated by: Randall Bartlett
- Length: 6 hrs and 11 mins
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Economic forces are everywhere around you. But that doesn't mean you need to passively accept whatever outcome those forces might press upon you. Instead, with these 12 fast-moving and crystal clear lectures, you can learn how to use a small handful of basic nuts-and-bolts principles to turn those same forces to your own advantage.
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Great for beginners, nothing you for an economist
- By V. Taras on 07-08-15
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Understanding the World of Financial Markets
- By: Connel Fullenkamp, The Great Courses
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Whether you’re buying a home, saving for retirement, running a business, or just plain speculating, it’s important to understand financial markets. These are the engines of commerce in today’s world, powering economic activity and steering the flow of capital. Taught by Professor Connel Fullenkamp of Duke University, Understanding the World of Financial Markets is aimed at the ordinary investor and surveys the impressive range of financial markets—from stocks and bonds to futures, options, real estate, private equity, and virtual assets.
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Understanding Investments
- By: Connel Fullenkamp, The Great Courses
- Narrated by: Connel Fullenkamp
- Length: 11 hrs and 45 mins
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Learn how to invest with skill and confidence to attain your financial goals with the 24 timely and informative lectures of Understanding Investments. Economist, Professor Connel Fullenkamp explains the fundamentals of investing to those new to the subject while broadening and deepening the knowledge of more experienced investors. He clearly explains the various kinds of financial markets, the different kinds of investments available to you, and the pros and cons of each - and tells you how to evaluate each of these in terms of your own financial situation and goals.
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Terrible book for audio only.
- By GOFFER on 03-31-20
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Law School for Everyone: Corporate Law
- By: George S. Geis, The Great Courses
- Narrated by: Professor George S. Geis
- Length: 5 hrs and 43 mins
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These 12 lectures answer questions about a high-stakes, ever-evolving area of the American legal system. Recreating a traditional law school course in corporate law, Professor Geis guides you through the foundations of corporate law, the history of corporations, the problems that can plague corporations (including insider trading and bribery), and more. In clear, accessible language, Law School for Everyone: Corporate Law introduces you to the inner workings of corporate law.
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It's a winner
- By Philo on 10-20-19
By: George S. Geis, and others
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A History of the United States in Five Crashes
- Stock Market Meltdowns That Defined a Nation
- By: Scott Nations
- Narrated by: Christopher Grove
- Length: 12 hrs and 32 mins
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In this absorbing, smart, and accessible blend of economic and cultural history in the vein of the works of Michael Lewis and Andrew Ross Sorkin, a financial executive and CNBC contributor examines the five most significant stock market crashes in the United States over the past century, revealing how they have defined the nation today.
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A solid telling of crucial history
- By Philo on 06-17-17
By: Scott Nations
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Your Deceptive Mind: A Scientific Guide to Critical Thinking Skills
- By: Steven Novella, The Great Courses
- Narrated by: Steven Novella
- Length: 12 hrs and 39 mins
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No skill is more important in today's world than being able to think about, understand, and act on information in an effective and responsible way. What's more, at no point in human history have we had access to so much information, with such relative ease, as we do in the 21st century. But because misinformation out there has increased as well, critical thinking is more important than ever. These 24 rewarding lectures equip you with the knowledge and techniques you need to become a savvier, sharper critical thinker in your professional and personal life.
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Same Material Different Title
- By rkeinc on 09-21-14
By: Steven Novella, and others
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Thinking Like an Economist: A Guide to Rational Decision Making
- By: Randall Bartlett, The Great Courses
- Narrated by: Randall Bartlett
- Length: 6 hrs and 11 mins
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Economic forces are everywhere around you. But that doesn't mean you need to passively accept whatever outcome those forces might press upon you. Instead, with these 12 fast-moving and crystal clear lectures, you can learn how to use a small handful of basic nuts-and-bolts principles to turn those same forces to your own advantage.
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Great for beginners, nothing you for an economist
- By V. Taras on 07-08-15
By: Randall Bartlett, and others
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Understanding the World of Financial Markets
- By: Connel Fullenkamp, The Great Courses
- Narrated by: Connel Fullenkamp
- Length: 5 hrs and 5 mins
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Whether you’re buying a home, saving for retirement, running a business, or just plain speculating, it’s important to understand financial markets. These are the engines of commerce in today’s world, powering economic activity and steering the flow of capital. Taught by Professor Connel Fullenkamp of Duke University, Understanding the World of Financial Markets is aimed at the ordinary investor and surveys the impressive range of financial markets—from stocks and bonds to futures, options, real estate, private equity, and virtual assets.
By: Connel Fullenkamp, and others
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Understanding Investments
- By: Connel Fullenkamp, The Great Courses
- Narrated by: Connel Fullenkamp
- Length: 11 hrs and 45 mins
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Learn how to invest with skill and confidence to attain your financial goals with the 24 timely and informative lectures of Understanding Investments. Economist, Professor Connel Fullenkamp explains the fundamentals of investing to those new to the subject while broadening and deepening the knowledge of more experienced investors. He clearly explains the various kinds of financial markets, the different kinds of investments available to you, and the pros and cons of each - and tells you how to evaluate each of these in terms of your own financial situation and goals.
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Terrible book for audio only.
- By GOFFER on 03-31-20
By: Connel Fullenkamp, and others
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Law School for Everyone: Corporate Law
- By: George S. Geis, The Great Courses
- Narrated by: Professor George S. Geis
- Length: 5 hrs and 43 mins
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Overall
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These 12 lectures answer questions about a high-stakes, ever-evolving area of the American legal system. Recreating a traditional law school course in corporate law, Professor Geis guides you through the foundations of corporate law, the history of corporations, the problems that can plague corporations (including insider trading and bribery), and more. In clear, accessible language, Law School for Everyone: Corporate Law introduces you to the inner workings of corporate law.
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It's a winner
- By Philo on 10-20-19
By: George S. Geis, and others
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A History of the United States in Five Crashes
- Stock Market Meltdowns That Defined a Nation
- By: Scott Nations
- Narrated by: Christopher Grove
- Length: 12 hrs and 32 mins
- Unabridged
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Overall
-
Performance
-
Story
In this absorbing, smart, and accessible blend of economic and cultural history in the vein of the works of Michael Lewis and Andrew Ross Sorkin, a financial executive and CNBC contributor examines the five most significant stock market crashes in the United States over the past century, revealing how they have defined the nation today.
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A solid telling of crucial history
- By Philo on 06-17-17
By: Scott Nations
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Your Deceptive Mind: A Scientific Guide to Critical Thinking Skills
- By: Steven Novella, The Great Courses
- Narrated by: Steven Novella
- Length: 12 hrs and 39 mins
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Story
No skill is more important in today's world than being able to think about, understand, and act on information in an effective and responsible way. What's more, at no point in human history have we had access to so much information, with such relative ease, as we do in the 21st century. But because misinformation out there has increased as well, critical thinking is more important than ever. These 24 rewarding lectures equip you with the knowledge and techniques you need to become a savvier, sharper critical thinker in your professional and personal life.
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Same Material Different Title
- By rkeinc on 09-21-14
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Law School for Everyone: Contracts
- By: David Horton, The Great Courses
- Narrated by: Professor David Horton
- Length: 6 hrs and 30 mins
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Join Professor Horton for an accessible introduction from contract essentials, including offers, acceptances, counteroffers, and options and defenses, to contract enforcement, such as fraud, duress, and unconscionability. In lectures that demystify concepts and terms that can often seem intimidating to individuals outside of legal fields, you’ll better understand (and navigate) the contracts of everyday life.
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Clears up a lot about contracts
- By Philo on 11-22-20
By: David Horton, and others
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No Excuses: Existentialism and the Meaning of Life
- By: Robert C. Solomon, The Great Courses
- Narrated by: Robert C. Solomon
- Length: 12 hrs and 7 mins
- Original Recording
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What is life? What is my place in it? What choices do these questions obligate me to make? More than a half-century after it burst upon the intellectual scene - with roots that extend to the mid-19th century - Existentialism's quest to answer these most fundamental questions of individual responsibility, morality, and personal freedom, life has continued to exert a profound attraction.
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Good for even a non-existentialist
- By Gary on 07-24-15
By: Robert C. Solomon, and others
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What Darwin Didn’t Know: The Modern Science of Evolution
- By: Scott Solomon, The Great Courses
- Narrated by: Scott Solomon
- Length: 12 hrs and 27 mins
- Original Recording
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Since the publication in 1859 of Charles Darwin's remarkable On the Origin of Species, the modern science of biology and genetics has added surprising new dimensions to evolutionary theory. In this course, you’ll discover what Darwin didn’t know, covering much of the curriculum of an introductory college course in evolutionary biology. No background in science is needed to follow these engaging lectures, delivered by Professor Scott Solomon of Rice University, a gifted teacher and widely traveled field biologist.
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Amazing journey.
- By Amazon Customer on 01-22-19
By: Scott Solomon, and others
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The Learning Brain
- By: The Great Courses
- Narrated by: Professor Thad A. Polk PhD Carnegie Mellon University
- Length: 12 hrs and 23 mins
- Unabridged
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One of the most complicated and advanced computers on Earth can't be purchased in any store. This astonishing device, responsible for storing and retrieving vast quantities of information that can be accessed at a moment's notice, is the human brain. How does such a dynamic and powerful machine make memories, learn a language, and remember how to drive a car? What habits can we adopt in order to learn more effectively throughout our lives? The answers to these questions are merely the tip of the iceberg in The Learning Brain.
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Slow, useful, unconvincing
- By Tintin on 03-02-19
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Macroeconomics Made Clear
- By: Akila Weerapana, The Great Courses
- Narrated by: Akila Weerapana
- Length: 12 hrs and 33 mins
- Original Recording
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The issues addressed by macroeconomics are all around you, all the time—from taxes to inflation to mention of the GDP on the nightly news. By learning the principles of macroeconomics, you’ll be able to go beyond simply hearing the terms to better understanding their relationships to each other and how they create the economic environment in which you live. In fact, macroeconomics with its “big-picture glasses” allows you to better ask—and better try to answer—the biggest questions of our time, questions that impact the lives of billions of people.
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Informative, but biased toward centralized solutio
- By Generic Personage on 07-13-23
By: Akila Weerapana, and others
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The Many Hidden Worlds of Quantum Mechanics
- By: Sean Carroll, The Great Courses
- Narrated by: Sean Carroll
- Length: 11 hrs and 51 mins
- Original Recording
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In a field known for startling ideas, the Many-Worlds Interpretation (MWI) of quantum mechanics may take the prize. It holds that parallel to our own world are a large number of other universes, almost identical to ours but with small variations. Copies of each of us inhabit a myriad of these worlds. But they are not us exactly; they share our past history, but they are different people who have unique futures. Although these realms are invisible and can’t communicate with each other, prominent physicists are convinced they must exist.
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Sean Carroll always has such amazing content
- By Amazon Customer on 12-26-23
By: Sean Carroll, and others
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Food: A Cultural Culinary History
- By: Ken Albala, The Great Courses
- Narrated by: Ken Albala
- Length: 18 hrs and 22 mins
- Original Recording
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Eating is an indispensable human activity. As a result, whether we realize it or not, the drive to obtain food has been a major catalyst across all of history, from prehistoric times to the present. Epicure Jean-Anthelme Brillat-Savarin said it best: "Gastronomy governs the whole life of man."
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One of my top 3 favorite courses!
- By Jessica on 12-28-13
By: Ken Albala, and others
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Boom and Bust
- A Global History of Financial Bubbles
- By: William Quinn, John D. Turner
- Narrated by: Roger Clark
- Length: 9 hrs and 39 mins
- Unabridged
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Why do stock and housing markets sometimes experience amazing booms followed by massive busts, and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles. As they do so, they help us understand why bubbles happen and why some have catastrophic economic, social, and political consequences while others have actually benefited society.
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better prepared to spot a bubble
- By Charles P on 09-07-22
By: William Quinn, and others
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The Foundations of Western Civilization
- By: Thomas F. X. Noble, The Great Courses
- Narrated by: Thomas F. X. Noble
- Length: 24 hrs and 51 mins
- Original Recording
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What is Western Civilization? According to Professor Noble, it is "much more than human and political geography," encompassing myriad forms of political and institutional structures - from monarchies to participatory republics - and its own traditions of political discourse. It involves choices about who gets to participate in any given society and the ways in which societies have resolved the tension between individual self-interest and the common good.
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Not Engaging or Very Interesting
- By Tommy D'Angelo on 03-05-17
By: Thomas F. X. Noble, and others
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Understanding the Brain
- By: Jeanette Norden, The Great Courses
- Narrated by: Jeanette Norden
- Length: 18 hrs and 28 mins
- Original Recording
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Considering everything the brain does, how can it possibly be the source of our personalities, dreams, thoughts, sensations, utterances, and movements? Understanding the Brain, a 36-lecture course by award-winning Professor Jeanette Norden of Vanderbilt University, takes you inside this astonishingly complex organ and shows you how it works. With its combination of neurology, biology, and psychology, this course helps you understand how we perceive the world through our senses, how we move, how we learn and remember, and how emotions affect our thoughts and actions.
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This is essentially a scam
- By George H. on 05-23-19
By: Jeanette Norden, and others
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Central Banking 101
- By: Joseph J Wang
- Narrated by: Bill Anciaux
- Length: 4 hrs and 49 mins
- Unabridged
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Performance
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Story
Central banking is magic. With a few words, the Fed can lift the stock market out of desperation and catapult it towards euphoric highs. With a few keystrokes, the Fed can conjure up trillions of dollars and fund virtually unlimited Federal spending. And with a few poor decisions, the Fed can plunge the entire world into a recession. The Federal Reserve is one of the most powerful institutions in the world, and also one of the most difficult to understand.
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Very dense!
- By Timothy on 12-01-24
By: Joseph J Wang
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Law School for Everyone: Constitutional Law
- By: Eric Berger, The Great Courses
- Narrated by: Eric Berger
- Length: 6 hrs and 28 mins
- Original Recording
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Americans wage many of today’s fiercest policy debates and culture wars over constitutional meaning. It’s because constitutional law is so fundamental to our democracy that law schools across the country teach the subject. It's the area of law that determines what federal and state governments are permitted to do, and what rights you have as an individual citizen of the US. Here, you'll get the same accessible, well-rounded introduction to constitutional law as a typical law student - but with the added benefit of noted constitutional scholar Eric Berger's brilliant insights.
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Read with this Neil Gorsuch!
- By Amazon Customer on 02-03-20
By: Eric Berger, and others
What listeners say about Crashes and Crises: Lessons from a History of Financial Disasters
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- Marc
- 07-09-19
learned why Ponzi schemes are called Ponzi schemes
the professor makes learning about crashes and crisis's almost as exciting as James Bond or Sherlock Holmes
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- Probably_Arthur_Weasley
- 03-19-19
Really enjoyable if you have a mind for economics.
Very well narrated and very interesting if you're able to think through it. Be prepared to hit the backup button here and there to be able to think through it.
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- Dan Vogel
- 02-17-19
it's different this time
same old same old. rich behave badly government bails them out the rest of us have to pay. There's a sucker born every minute and unfortunately that is us.
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- A Happy Historian
- 06-13-20
A must listen to for those interesting in finance
This is a must read for all of those interested not just in the modern day world of finance, but also what happened before that created the world we live in today.
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- Chris V.
- 09-28-19
Educational, data dense
I really enjoyed this lecture and this is a topic very close to my career so it was very eye opening. As with all data driven fields, numbers can be skewed but I found the narrator kept bias out of the general lecture and would disclose his opinions as inserted.
I highly recommend this to anyone looking for an overview and history of financial market and system crisis.
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- T. K. Tran
- 04-19-23
Superb
I learned so much from the lessons of the past. Highly recommended to everyone to read this book.
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- Roman G
- 02-23-20
As always - brilliant!
All my reviews of the Great Courses series are the same - absolutely brilliant! Highly recommend! Because that’s exactly what they are.
Roman
CEO, Splento
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- Sami
- 05-23-19
Engaging but hard to follow sometimes
The subject is important, especially that human beings tend to have short memories and with the passing of one generation over the other. The language might be too technical sometimes and dry.
If you’re not verse with financial basics, this is not for you. The stories here are not very entertaining
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- Napoleon
- 01-15-20
Wow...
I wish there was a part 2... This lecture does a great job of summarizing and simplifying global market crashes throughout the ages.
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- Joseph
- 10-11-19
Brilliantly explained and prescient
This was more interesting than I would have thought. Picking on the most we’ll know crises and scam artists to illustrate economic points makes the lessons interesting.
Well worth the listen, especially give our current turbulent times. I expect a few of these ‘classic’ errors to be repeated.
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