Tulip Mania

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781721938964
Total Pages : 92 pages
Book Rating : 4.9/5 (389 download)

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Book Synopsis Tulip Mania by : Charles River Charles River Editors

Download or read book Tulip Mania written by Charles River Charles River Editors and published by Createspace Independent Publishing Platform. This book was released on 2018-06-26 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: *Includes pictures *Includes contemporary accounts *Includes online resources and a bibliography for further reading If one were to glide over the Dutch countryside via helicopter in the springtime, the beauty below them would seem almost surreal. The rolling rectangular fields are composed of immaculately neat, horizontal stripes in vibrant swatches of scarlet, pink, lavender, cream-white, and midnight-blue. The ethereal sight is even more breathtaking when one takes a stroll along these fields, surrounded by endless carpets of bright color. These world-famous three-petal, three-sepal flowers, all craning their necks towards the dazzling sun, are none other than Dutch tulips. The Netherlands is now the world's leading commercial producer of tulips, shipping out more than 3 billion of these colorful beauties each year. Standard tulips, depending on where one is based, typically sell for anywhere between $1.00 to $3.50 USD per stem today. They are a creative alternative to roses, lilies, and other traditional flowers. Needless to say, like every other floral breed, special tulips - such as hybrids, or ones with unique, multi-colored streaks and patterns - will cost buyers a pretty penny, but a bouquet is certainly not going to break the bank. Legend has it, however, that this was not always the case. As a matter of fact, these delightful "harbingers of spring" were supposedly once so rabidly sought-after that it wasn't just more valuable than gold - men threw themselves into financial ruin all for the sake of attaining just one of these sacred flowers. At the crescendo of what is now remembered as "Tulip Mania," or the "Tulip Craze," a single, shallot-like bulb of an unripe tulip was worth 20 times the annual salary of a skilled laborer. This aggressively volatile period, marked by convoluted and careless market speculation, inevitably culminated in the disastrous bursting of one of the world's first financial bubbles, an example of the perils of herd mentality. But how much truth is there to this oft-repeated story of the Tulpenmanie, really? Tulip Mania: The History and Legacy of the World's First Speculative Bubble during the Dutch Golden Age analyzes the legendary mania, and whether it was as dramatic as portrayed. Along with pictures of important people, places, and events, you will learn about Tulip Mania like never before.

Tulipmania

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Author :
Publisher : University of Chicago Press
ISBN 13 : 0226301303
Total Pages : 458 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Tulipmania by : Anne Goldgar

Download or read book Tulipmania written by Anne Goldgar and published by University of Chicago Press. This book was released on 2008-09-15 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1630s the Netherlands was gripped by tulipmania: a speculative fever unprecedented in scale and, as popular history would have it, folly. We all know the outline of the story—how otherwise sensible merchants, nobles, and artisans spent all they had (and much that they didn’t) on tulip bulbs. We have heard how these bulbs changed hands hundreds of times in a single day, and how some bulbs, sold and resold for thousands of guilders, never even existed. Tulipmania is seen as an example of the gullibility of crowds and the dangers of financial speculation. But it wasn’t like that. As Anne Goldgar reveals in Tulipmania, not one of these stories is true. Making use of extensive archival research, she lays waste to the legends, revealing that while the 1630s did see a speculative bubble in tulip prices, neither the height of the bubble nor its bursting were anywhere near as dramatic as we tend to think. By clearing away the accumulated myths, Goldgar is able to show us instead the far more interesting reality: the ways in which tulipmania reflected deep anxieties about the transformation of Dutch society in the Golden Age. “Goldgar tells us at the start of her excellent debunking book: ‘Most of what we have heard of [tulipmania] is not true.’. . . She tells a new story.”—Simon Kuper, Financial Times

Tulip's Bubble

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Publisher : Notion Press
ISBN 13 : 1685382630
Total Pages : 120 pages
Book Rating : 4.6/5 (853 download)

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Book Synopsis Tulip's Bubble by : Tulip Mittal

Download or read book Tulip's Bubble written by Tulip Mittal and published by Notion Press. This book was released on 2021-10-30 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Things like ‘trends’ happen for a reason; maybe you start them and become buffeted in their sway. But what exactly unfolds when all of us seek to be a part of unique cultural phenomena that hold sway over the world? This book dissects socio-economic nuances of various fads and trends that we are surrounded by and happily engage with. The topics are not only chosen to inform readers about these fads but also make them aware of the economic factors that govern them. The book is a perfect way to develop analytical skills by inspiring readers to correlate something as fun and basic as a fad or a trend, with the practical, in-depth knowledge of a subject like economics.

Famous First Bubbles

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Publisher : MIT Press
ISBN 13 : 9780262571531
Total Pages : 180 pages
Book Rating : 4.5/5 (715 download)

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Book Synopsis Famous First Bubbles by : Peter M. Garber

Download or read book Famous First Bubbles written by Peter M. Garber and published by MIT Press. This book was released on 2001-08-24 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event. In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.

Tulipomania

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Publisher : Hachette UK
ISBN 13 : 178022057X
Total Pages : 279 pages
Book Rating : 4.7/5 (82 download)

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Book Synopsis Tulipomania by : Mike Dash

Download or read book Tulipomania written by Mike Dash and published by Hachette UK. This book was released on 2011-05-12 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A fascinating exploration of human greed and self-delusion and also a tribute to our ageless search for beauty' DEBORAH MOGGACH. In 1630s' Holland thousands of people, from the wealthiest merchants to the lowest street traders, were caught up in a frenzy of buying and selling. The object of the speculation was not oil or gold, but the tulip, a delicate and exotic bloom that had just arrived from the east. Over three years, rare tulip bulbs changed hands for sums that would have bought a house in Amsterdam: a single bulb could sell for more than £300,000 at today's prices. Fortunes were made overnight, but then lost when, within a year, the market collapsed. Mike Dash recreates this bizarre episode in European history, separating myth from reality. He traces the hysterical boom and devastating bust, bringing to life a colourful cast of characters, and beautifully evoking Holland's Golden Age.

The Tulip

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Publisher : Bloomsbury Publishing
ISBN 13 : 1526602679
Total Pages : 550 pages
Book Rating : 4.5/5 (266 download)

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Book Synopsis The Tulip by : Anna Pavord

Download or read book The Tulip written by Anna Pavord and published by Bloomsbury Publishing. This book was released on 2019-11-14 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revised and updated edition of the internationally bestselling classic Anna Pavord's now classic, internationally bestselling sensation, The Tulip, is not a gardening book. It is the story of a flower that has driven men mad. Greed, desire, anguish and devotion have all played their part in the development of the tulip from a wild flower of the Asian steppes to the worldwide phenomenon it is today. No other flower carries so much baggage; it charts political upheavals, illuminates social behaviour, mirrors economic booms and busts, plots the ebb and flow of religious persecution. Why did the tulip dominate so many lives through so many centuries in so many countries? Anna Pavord, a self-confessed tulipomaniac, spent six years looking for answers, roaming through eastern Turkey and Central Asia to tell how a humble wild flower made its way along the Silk Road and eventually took the whole of Western Europe by storm. Sumptuously illustrated from a wide range of sources, this irresistible volume has become a bible, a unique source book, a universal gift and a joy to all who possess it. This beautifully redesigned edition features a new Preface by the author, a revised listing of the best varieties of this incomparable flower to choose for your garden and a reorganised listing of tulip species to reflect the latest thinking by taxonomists.

Boom and Bust

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Publisher : Cambridge University Press
ISBN 13 : 1108369359
Total Pages : 297 pages
Book Rating : 4.1/5 (83 download)

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Book Synopsis Boom and Bust by : William Quinn

Download or read book Boom and Bust written by William Quinn and published by Cambridge University Press. This book was released on 2020-08-06 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.

The Brand Bubble

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Publisher : John Wiley & Sons
ISBN 13 : 047044939X
Total Pages : 284 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis The Brand Bubble by : John Gerzema

Download or read book The Brand Bubble written by John Gerzema and published by John Wiley & Sons. This book was released on 2008-11-03 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to use brands to gain and sustain competitive advantage Companies today face a dilemma in marketing. The tried-and-true formulas to create sales and market share behind brands are becoming irrelevant and losing traction with consumers. In this book, Gerzema and LeBar offer credible evidence--drawn from a detailed analysis of a decade's worth of brand and financial data using Y&R's Brand Asset Valuator (BAV), the largest database of brands in the world--that business is riding on yet another bubble that is ready to burst--a brand bubble. While most managers still see metrics like trust and awareness as the backbone of how brands are built, Gerzema asserts they're dead wrong--these metrics do not add to increased asset value. In fact, by following them, they actually hasten the declining value of their brands. Using a five-stage model, The Brand Bubble reveals how today's successful brands--and tomorrow's--have an insatiable appetite for creativity and change. These brands offer consumers a palpable sense of movement and direction thanks to a powerful "energized differentiation." Gerzema reveals how brands with energized differentiation achieve better financial performance than traditional brands have. Plus, Gerzema helps readers develop energized differentiation in their own brands, creating consumer-centric and sustainable organizations.

Bubble or Breakthrough

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Author :
Publisher : Conrad Riker
ISBN 13 :
Total Pages : 177 pages
Book Rating : 4./5 ( download)

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Book Synopsis Bubble or Breakthrough by : Conrad Riker

Download or read book Bubble or Breakthrough written by Conrad Riker and published by Conrad Riker. This book was released on 101-01-01 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you intrigued by the world of technology but feel overwhelmed by its complexity? Do you yearn for a comprehensive guide that can take you from the dot-com era to the dawn of A.I. and beyond? Look no further. "Bubble or Breakthrough: A Journey Through Tech Bubbles and Transformative Technologies" is your ultimate source of knowledge, exploring past tech bubbles and examining the technologies that have shaped our world. This book addresses key questions such as: - How can we make sense of past tech bubbles? - What role does technology play in our lives? - Which technologies will shape our future? In this book, you will find: - A detailed overview of past tech bubbles and their outcomes. - An exploration of the rise of the internet and its impact on society. - A comprehensive analysis of online commerce and its evolution. - An examination of big data's effects on business and privacy. - A deep dive into blockchain technology and its applications beyond cryptocurrency. - An understanding of A.I. and machine learning's role in various industries. - A look at the advancements in 3D printing and its potential for decentralized manufacturing. - An insight into the current state and future potential of virtual and augmented reality. - A discussion on biotechnology's impact on medicine and other fields. - A comprehensive view on nanotechnology and its applications in various industries. - An analysis of energy technologies, including renewable and nuclear energy. - A thorough understanding of robotics and automation's potential across industries. If you want to understand technology's impact on our world and its future potential, then buy this book today. It's time to step into the world of tech bubbles and transformative technologies with "Bubble or Breakthrough: A Journey Through Tech Bubbles and Transformative Technologies".

The Botany of Desire

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Publisher : Random House Trade Paperbacks
ISBN 13 : 0375760393
Total Pages : 306 pages
Book Rating : 4.3/5 (757 download)

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Book Synopsis The Botany of Desire by : Michael Pollan

Download or read book The Botany of Desire written by Michael Pollan and published by Random House Trade Paperbacks. This book was released on 2002-05-28 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Pollan shines a light on our own nature as well as on our implication in the natural world.” —The New York Times “A wry, informed pastoral.” —The New Yorker The book that helped make Michael Pollan, the New York Times bestselling author of How to Change Your Mind, Cooked and The Omnivore’s Dilemma, one of the most trusted food experts in America Every schoolchild learns about the mutually beneficial dance of honeybees and flowers: The bee collects nectar and pollen to make honey and, in the process, spreads the flowers’ genes far and wide. In The Botany of Desire, Michael Pollan ingeniously demonstrates how people and domesticated plants have formed a similarly reciprocal relationship. He masterfully links four fundamental human desires—sweetness, beauty, intoxication, and control—with the plants that satisfy them: the apple, the tulip, marijuana, and the potato. In telling the stories of four familiar species, Pollan illustrates how the plants have evolved to satisfy humankind’s most basic yearnings. And just as we’ve benefited from these plants, we have also done well by them. So who is really domesticating whom?

America's Bubble Economy

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Publisher : John Wiley & Sons
ISBN 13 : 1118018117
Total Pages : 257 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis America's Bubble Economy by : David Wiedemer

Download or read book America's Bubble Economy written by David Wiedemer and published by John Wiley & Sons. This book was released on 2010-11-04 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: America’s Bubble Economy is the first book to focus on several simultaneous financial bubbles that are interacting to temporarily boost—and ultimately threaten—the United States and world economies. Filled with expert analysis and straight talk, this book will show you how to turn the coming economic transformation into a once-in-a-lifetime wealth-building opportunity.

The Tulip Virus

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Publisher : Minotaur Books
ISBN 13 : 1429925213
Total Pages : 288 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis The Tulip Virus by : Danielle Hermans

Download or read book The Tulip Virus written by Danielle Hermans and published by Minotaur Books. This book was released on 2010-04-27 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: A gripping debut mystery set in contemporary London with roots in 17th century Holland and the mysterious tulip trade In 1636 Alkmaar, Holland, Wouter Winckel's brutally slaughtered body is found in the barroom of his inn, an antireligious pamphlet stuffed in his mouth. Winckel was a respected tulip-trader and owned the most beautiful collection of tulips in the United Republic of the Low Countries, including the most coveted and expensive bulb of them all, the Semper Augustus. But why did he have to die and who wanted him dead? In 2007 London, history seems to be repeating itself. Dutchman Frank Schoeller is found in his home by his nephew, Alec. Severely wounded, he is holding a 17th-century book about tulips, seemingly a reference to the reason for his death moments later. With the help of his friend Damien Vanlint, an antique dealer from Amsterdam, Alec tries to solve the mystery, but soon comes to realize that he and his friend's own lives are now in danger. The Tulip Virus is a fast-paced, fascinating mystery based on the real-life events surrounding the collapse of the tulip bubble in 17th century Holland—the first such occurrence in history—a story that plunges readers deeply into questions of free will, science, and religion, while showing the dark fruits of greed, pride, and arrogance.

Tulip Fever

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Author :
Publisher : Dial Press
ISBN 13 : 0307423417
Total Pages : 290 pages
Book Rating : 4.3/5 (74 download)

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Book Synopsis Tulip Fever by : Deborah Moggach

Download or read book Tulip Fever written by Deborah Moggach and published by Dial Press. This book was released on 2007-12-18 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sensual tale of art, lust, and deception—now a major motion picture In 1630s Amsterdam, tulipomania has seized the populace. Everywhere men are seduced by the fantastic exotic flower. But for wealthy merchant Cornelis Sandvoort, it is his young and beautiful wife, Sophia, who stirs his soul. She is the prize he desires, the woman he hopes will bring him the joy that not even his considerable fortune can buy. Cornelis yearns for an heir, but so far he and Sophia have failed to produce one. In a bid for immortality, he commissions a portrait of them both by the talented young painter Jan van Loos. But as Van Loos begins to capture Sophia's likeness on canvas, a slow passion begins to burn between the beautiful young wife and the talented artist. As the portrait unfolds, so a slow dance is begun among the household’s inhabitants. Ambitions, desires, and dreams breed a grand deception—and as the lies multiply, events move toward a thrilling and tragic climax. In this richly imagined international bestseller, Deborah Moggach has created the rarest of novels—a lush, lyrical work of fiction that is also compulsively readable. Seldom has a novel so vividly evoked a time, a place, and a passion. Praise for Tulip Fever “Sumptuous prose . . . reads like a thriller.”—The New York Times Book Review “An artful novel in every sense of the word . . . deftly evokes seventeenth-century Amsterdam’s vibrant atmosphere.”—Los Angeles Times “Need a brief escape into a beautiful and faraway world? Deborah Moggach’s wonderful Tulip Fever can offer you that.”—New York Post “Taut with suspense and unexpected revelations.”—Entertainment Weekly “Elegantly absorbing.”—The Philadelphia Inquirer

Bubbleology

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Author :
Publisher : Crown Currency
ISBN 13 : 1400045126
Total Pages : 171 pages
Book Rating : 4.4/5 ( download)

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Book Synopsis Bubbleology by : Kevin Hassett

Download or read book Bubbleology written by Kevin Hassett and published by Crown Currency. This book was released on 2002-07-23 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are only two types of stocks: those safe from bubbles and those that are not. This is a fact of investing many discovered as they saw their fabulous gains whittled away by the extreme calamity of the Internet sector. But what about the future? Is there a way for investors to capture the enormous potential for profit that exists at the frontier of the economy, the place where innovation and genius operate, without placing their fortunes in jeopardy? Is there a way to evaluate price increases—and declines—and identify whether they are happening for good or bad reasons? Bubbleology makes it possible to separate the winners from the losers. It is a brilliant, practical, and original analysis of the stock market that bashes the conventional wisdom about bubbles, showing that such famous examples as Tulipomania were not, in fact, bubbles at all. Bubbleology shows that the traditional way of evaluating risk—equating it with volatility—is inherently flawed and incomplete. If a stock fluctuates a lot in price it is regarded as risky. If the price is stable, then it is not. What this simplistic way of thinking leaves out is the simple fact that companies trying something completely new that may fundamentally alter the economic landscape are operating at the frontier. The stock of such a company swims in a sea of ambiguity, its circumstances uncertain, since there is little to provide guidance about the future. But when nobody knows for sure what will happen, pundits tell us again about Tulipomania, the South Seas Bubble, and now the debacle of the Internet to scare investors away from potentially enormous profits. To realize those profits, however, investors have to understand the role that uncertainty and ambiguity—the absence of reliable information about future events—play in the modern stock market. Those who equate ambiguity with bubbles will miss the great opportunities of the future. Bubbleology provides a new way to observe what is really going on in the market, enabling you to understand whether a stock or a sector is suspicious—whether it is in a bubble and therefore something to be avoided. Finding bubbles requires knowing where to look and what to look for. Bubbleology will help you avoid both streaming into speculative manias and shying away from perfectly good business opportunities. It tells you why you need to avoid both pontificating pundits and overconfident stock analysts. With this unique and forward-thinking book, you can inspect suspicious stocks, accurately discern risk, and diagnose a blossoming bubble before it vanishes along with your money.

Bursting the Bubble: Rationality in a Seemingly Irrational Market

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1952927110
Total Pages : 206 pages
Book Rating : 4.9/5 (529 download)

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Book Synopsis Bursting the Bubble: Rationality in a Seemingly Irrational Market by : David F. DeRosa

Download or read book Bursting the Bubble: Rationality in a Seemingly Irrational Market written by David F. DeRosa and published by CFA Institute Research Foundation. This book was released on 2021-04-02 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The presence of speculative bubbles in capital markets (an important area of interest in financial history) is widely accepted across many circles. Talk of them is pervasive in the media and especially in the popular financial press. Bubbles are thought to be found primarily in the stock market, which is our main interest, although bubbles are said to occur in other markets. Bubbles go hand in hand with the notion that markets can be irrational. The academic community has a great interest in bubbles, and it has produced scholarly literature that is voluminous. For some economists, doing bubble research is like joining the vanguard of a Kuhnian paradigm shift in economic thinking. Not so fast. If bubbles did exist, they would pose a serious challenge to neoclassical finance. Bubbles would contradict the ideas that markets are rational or work in an informationally efficient manner. That’s what makes the topic of bubbles interesting. This book reviews and evaluates the academic literature as well as some popular investment books on the possible existence of speculative bubbles in the stock market. The main question is whether there is convincing empirical evidence that bubbles exist. A second question is whether the theoretical concepts that have been advanced for bubbles make them plausible. The reader will discover that I am skeptical that bubbles actually exist. But I do not think I or anyone else will ever be able to conclusively prove that there has never been a bubble. From studying the literature and from reading history, I find that many famous purported bubbles reflect inaccurate history or mistakes in analysis or simply cannot be shown to have existed. In other instances, bubbles might have existed. But in each of those cases, there are credible rational explanations. And good evidence exists for the idea that even if bubbles do exist, they are not of great importance to understanding the stock market.

Bubbles, Booms, and Busts

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Author :
Publisher : Springer
ISBN 13 : 1493910922
Total Pages : 374 pages
Book Rating : 4.4/5 (939 download)

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Book Synopsis Bubbles, Booms, and Busts by : Donald Rapp

Download or read book Bubbles, Booms, and Busts written by Donald Rapp and published by Springer. This book was released on 2014-11-14 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality was a prime motivating factor in the emergence of communism and socialism. The book discusses why later in the 20th century, inequality has faded out as an issue. Extensive tables and graphs of data are presented showing the extent of inequality in America, as well as globally. It is shown that a combination of low taxes on capital gains contributed to a series of real estate and stock bubbles that provided great wealth to the top tiers, while real income for average workers stagnated. Improved commercial efficiency due to computers, electronics, the Internet and fast transport allowed production and distribution with fewer workers, just as the advent of electrification, mechanization, production lines, vehicles and trains in the 1920s and 1930s produced the same stagnating effect.

The Great American Housing Bubble

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Author :
Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313382298
Total Pages : 284 pages
Book Rating : 4.3/5 (133 download)

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Book Synopsis The Great American Housing Bubble by : Robert M. Hardaway

Download or read book The Great American Housing Bubble written by Robert M. Hardaway and published by Bloomsbury Publishing USA. This book was released on 2011-02-18 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This meticulously documented work sets forth the major causes of the greatest asset bubble in world economic history—the American housing bubble, which began in 1940 and collapsed in 2007. In the aftermath of the American housing collapse in 2007, many ask why. The Great American Housing Bubble: The Road to Collapse asks a different and more fundamental question—how the bubble was created in the first place. To answer that question, it examines the causes, both political and economic, of the American housing bubble, created between 1940 and 2007. Those causes encompass everything from federal income tax subsidies for housing to local exclusionary policies, banking, accounting, real estate appraisal, and credit agency rating practices and policies. The book also takes into account the impact of greed, government regulation, speculation, and psychology—including blind faith in investment advisors—on the creation of the greatest asset bubble in the economic history of the world. The author takes a comparative historical approach, examining the current crisis in the light of notorious bubbles of the past. In the end, he concludes that the events precipitating the most recent collapse can be traced, at least in part, not to too little government regulation, but to too much.