A Brief History of Panics and Their Periodical Occurrence in the United States
Preface from the book:
The second edition of this study of Panics in the United States brought us through the year 1891. I originated about one fourth of it. This third edition brings us practically up to date.
Of this edition I originated about one half. I hope it will prove helpful in many ways. I trust that it will force an appreciable number of men to realize that "business" or "financial" panic is not merely fear, as some have asserted; but is based upon the knowledge that constriction, oppression, unhappy and radical change in this, that, or the other kind of business must tend to drag down many others successively.
Just as a whole line of bricks standing on end and a few inches apart will fall if an end one is toppled upon its next neighbor. Indeed, the major cause of "business" or "financial" panic is just reasoning upon existing conditions rather than a foolish fear of them. Over-trading and loss of nerve constitute the medium. Recent national legislation has gone far in enabling the business world in the United States to prevent panics, and farther yet in providing the means to cope with them when, in spite of precautions, they shall recur.
Book Details
About This Edition
This PDFBooksWorld edition has been prepared for comfortable digital reading, with a clear layout and typography designed for modern screens. It can be read online and is available in supported digital formats.
Public Domain Information: A Brief History of Panics and Their Periodical Occurrence in the United States is identified by us as a public-domain work in the United States based on its publication history and applicable copyright terms. Copyright status can differ between countries, so readers should consider the laws applicable to their location.
Read or Download
Read this edition online or choose a digital format for convenient reading on your preferred device. Registered users can download the available editions, while visitors can read the book online and log in to access the download options.
