Historian Adam Tooze drills down into the real causes of the global financial crisis in this enlightening chronicle of little-known 2007–2008 events. He convincingly posits that, as the crisis spread across the world at great speed, the quick actions of the US Federal Reserve averted a worldwide financial collapse. getAbstract recommends that analysts, investors and executives read this in-depth yet highly accessible account of what former Fed chair Ben Bernanke called “the worst financial crisis in global history, including the Great Depression.”
In this summary, you will learn
- What caused the 2007–2008 global financial crisis,
- How the US Federal Reserve took extraordinary measures to prevent a worldwide systemic collapse and
- Why a future crisis could test the United States’ willingness to intercede.
About the Author
Adam Tooze is a history professor at Columbia University, where he leads the European Institute.