A serious history of the financial crises that have happened including the Mexico crash of 1994-95. Anecdotes and a lightly humorous style make the serious topic seem a little less frightening. A scholarly account of financial mismanagement and crises in human history.
Selected as one of the ten best investment books of all time by the Financial Times. This updated version of Charles P. Kindleberger's celebrated classic takes readers through virtually every major crash and financial panic on record. From the currency devaluation in the Holy Roman Empire in 1618, through the California gold rush of the 1840s and 50s, all the way up to the crash of 1987 and last year's Peso devaluation, this engaging, lively, and exhaustive account offers a number of fascinating insights into why, despite the best efforts of economists to predict them and regulators to curtail them, market crashes remain an inexorable reality.