First published in 1988, this reissue reconstructs the reaction
of financial markets to war, defeat, and revolution in Europe, from
the assassination of Archduke Franz Ferdinand in June 1914, to the
bankruptcy of Germany in July 1931. Dr. Brown demonstrates how the
contemporary investor can improve the wisdom of his decisions by
gaining an understanding of the financial history of these years.
He also demonstrates how the skilled investor might project
different political and economic realities and estimate their
probability of recurrence.
In his reconstruction work, Brendan Brown has undertaken extensive
research into the financial press in the various European
countries, seeing this as a prime clue to the mood in markets at
the time. The findings will interest not just economists and
financial specialists, but also readers keen to improve their
understanding of the political and social events of the period.
General
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