Investing in U.S. Financial History - Summary and Key Ideas

This book provides deep insights into the history of almost 250 years of the world's most important financial market, the U.S. Mark Higgins follows the journey of money through several highs and lows of American history up to the present day, showing the reader that knowing the past better equips one to handle the future.

Suitable for investors, government policymakers, academic researchers, students, and individuals seeking to understand key financial, economic, and investment principles by studying them in the historical context.

Buy the book
Investing in U.S. Financial History

Key ideas

01

U.S financial history teaches balance, phased progress, and disciplined investing strategies.

02

Alexander Hamilton's reforms transformed the U.S into an economic powerhouse post-revolution.

Play in App
03

1790s U.S. securities emergence led to first asset bubble, prompting NYSE's inception.

Play in App
04

Early 1800s American economic expansion underscored the cyclical nature of financial crises.

Play in App
05

Wall Street's rise in the 1800s showcased speculation's dual role in promoting growth and triggering financial crises.

Play in App
06

The American Civil War triggered economic shift, fostering financial instability and industrialization.

Play in App
07

Railroads fueled America's growth yet exemplified Gilded Age's progress-exploitation paradox.

Play in App
08

Late 1800s railroad growth fueled corruption, social injustices, and devastated Native American economies.

Play in App
09

Post-Civil War innovation and industrialization marked America's rise as an industrial superpower.

Play in App
10

Late 1800s Wall Street expansion mixed robust growth with unregulated abuses, impacting America's economic ascent.

Play in App
11

The 1873 financial panic led to prolonged deflation, intensifying socio-economic tensions and reshaping monetary politics.

Play in App
12

"The American Commercial Invasion" marked the US's rise as a global economic leader.

Play in App
Get the App!
Access all 32 key ideas for free! 🥳

Summary & Review

Final Summary: The book "Investing in US Financial History" by Mark J. Higgins provides a comprehensive overview of the extensive financial and economic history of the United States, ranging from its colonial beginnings to its current status as the world’s largest economy. Higgins explores the nation's historical financial trends, emphasizing the importance of understanding the past to make forecasts for the future. The book explicates various financial principles, investment strategies and sheds light on the evolution of the asset management industry.

Mark J. Higgins

Mark J. Higgins is a well-versed financial expert with extensive knowledge in U.S. financial and economic history. His expertise lies in understanding and highlighting key financial and economic principles in the historical context, making him an insightful author for readers seeking to understand the facets of market trends and investment strategy.

Explore more book summaries

What to do?

In 'Was tun?', Lenin addresses burning issues of the socialist movement. It primarily attempts to reconcile the spontaneous uprisings of the proletariat with the disciplined nature of the Social Democratic movement.

Sapiens

The book Sapiens (2011) is about the journey of humankind from primitive, insignificant creatures to the most dominant species on the planet. Harari explores the various revolutions that shaped our history and challenges readers to question the myths and beliefs that define our society today.

Debt

The book Debt (2011) is about the history of money and its impact on society. David Graeber argues that debt and credit systems have shaped human relationships and power dynamics throughout history, and that our current financial system is not inevitable, but rather a product of political choices.

Der Staat

In 'Der Staat' führt Platon eine gründliche Untersuchung der Gerechtigkeit durch eine kritische Bewertung der Funktionsweise des Staates durch. Das Buch erforscht auch die Verbindung zwischen Gerechtigkeit, Weisheit und der Natur eines vom Menschen verwalteten Staates.

The Signal and the Noise

The book The Signal and the Noise (2012) is about the art of prediction and how to make accurate forecasts in a world full of noise. Nate Silver, a statistician and data analyst, explores the successes and failures of prediction in various fields, from politics to sports, and offers practical advice on how to distinguish the signal from the noise.

The Little Book of Common Sense Investing, Updated and Revised

The Little Book of Common Sense Investing, Updated and Revised is about the benefits of index investing and how to achieve long-term success in the stock market by following simple, cost-effective strategies.