Overview

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.

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9798200547708

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Sean D. Carr is the executive director and CEO of the Global Innovation Exchange at the University of Washington. He is an affiliate associate professor at the University of Washington's Foster School of Business. His research is focused on new ventures, entrepreneurial finance, technology strategy, and innovation leadership. Robert F. Bruner is University Professor, Distinguished Professor, and Dean Emeritus at the University of Virginia's Darden Graduate School of Business Administration. His research is focused on corporate finance, mergers and acquisitions, emerging market investment, financial crises, leadership, and general management. Jay Snyder is a voice actor, voice director, and script adapter who studied acting at the Julliard School in New York City. He is best known as the voice of Yugi Muto from the Japanese manga television series, Yu-Gi-Oh! His audiobook narrations have earned three AudioFile Earphones Awards, and he was a finalist for the Audie Award for Best Fiction Narration in 2015.

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