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The financial panics analyzed in this book illustrate the complexity of such events and that the causes are varied: political, military, economic, and even psychological.
Panic on Wall Street is a good read for any student of the market. Sobel presents to the reader a view of the political climate of the time and leading into the various crash periods. He does a good job of presenting the governments' response or lack there off, to the various crashes.I think Panic is a good read for today.