Official Review: A Short History of Significant American ...

Please use this sub-forum to discuss any non-fiction books such as autobiographies or political commentary books.
Forum rules
Authors and publishers are not able to post replies in the review topics.
User avatar
Juliet+1
Posts: 565
Joined: 14 Jul 2019, 16:21
Favorite Book: The Elephants of Style
Currently Reading: The Red Door - Where Hurt and Holiness Collide
Bookshelf Size: 293
Reviewer Page: onlinebookclub.org/reviews/by-juliet-1.html
Latest Review: A Short History of Significant American Recessions, Depressions, and Panics by Scott Belford

Official Review: A Short History of Significant American ...

Post by Juliet+1 »

[Following is an official OnlineBookClub.org review of "A Short History of Significant American Recessions, Depressions, and Panics" by Scott Belford.]
Book Cover
4 out of 4 stars
Share This Review


With a worldwide economic downturn expected to result from the current Covid-19 pandemic, A Short History of Significant American Recessions, Depressions, and Panics by Scott Belford could not be timelier. Following an explanation of fundamental economic theories and terms, with particular emphasis on the difference between a recession and a depression, the book profiles twenty-five of the worst financial declines America has experienced since 1797. Each profile includes information on the duration of the event, possible causes, key politicians in office at the time, and steps taken (if any) to improve the economy.

By including descriptions of the political maneuvering around each disastrous financial event, the author provides an eye-opening view of American history. This adult version is much more enlightening than the lessons most American children learn in school. As early as 1877, for instance, President Rutherford B. Hayes recognized the contribution that income inequality can make to an economic crisis, calling it "the danger which transcends all others."

Separate chapter headings for each financial downturn allow the reader to either peruse the entire history or dip into selected historical periods according to personal preference. Detailed profiles of every political party's principles and values at each point in time are equally key to understanding the material. For example, there is a great difference between the Democratic Party of 1850 and the party of the same name in 2020. Although there are copious footnotes, the writing is not remotely in the style of an academic treatise. It is simple and direct, giving clear explanations of all specialized terminology. There are only a few typos, and they do not cause any problems with comprehension.

Altogether, this delightful book is an entertaining and educational read. The only minor criticism I could make relates to the coverage of the most recent recession, that of 2008. In this section, the author offers extensive details – complete with charts – on the "head and shoulders" pattern of stock prices preceding and announcing the recession. This type of analysis is complex and highly technical; it does not match the straightforward style of the rest of the book.

A Short History of Significant American Recessions, Depressions, and Panics deserves 4 out of 4 stars for its superb organization, understandable writing, enjoyable views of American history, and intriguing ideas about the reasons for economic crises. It is an ideal source for anyone who wants to gain a better understanding of how a country's economy works and how actions by government or private industry may affect the country as a whole and the personal finances of individuals. However, readers with advanced training in economic theory and analysis might find it a little too elementary.

******
A Short History of Significant American Recessions, Depressions, and Panics
View: on Bookshelves | on Amazon

Nwaogazie Goodness
Posts: 41
Joined: 07 Jun 2020, 07:05
Currently Reading:
Bookshelf Size: 20
Reviewer Page: onlinebookclub.org/reviews/by-nwaogazie-goodness.html
Latest Review: The Spirit of Want by William H. Coles

Post by Nwaogazie Goodness »

Nicely written review. I have little knowledge on how economy really works, I think this will be an educating read for me.

User avatar
Elvis Best
Posts: 480
Joined: 12 Oct 2017, 02:36
Currently Reading:
Bookshelf Size: 32
Reviewer Page: onlinebookclub.org/reviews/by-elvis-best.html
Latest Review: Winners and Losers in words and cartoons by Arthur Hartz

Post by Elvis Best »

I agree. This book is very important today and cannot be timelier. Following this covid-19 era, everyone needs to prepare for the implications that might follow. Thanks for the great review.
"People are like stained-glass windows. They sparkle and shine when the sun is out, but when the darkness sets in, their true beauty is revealed only if there is a light from within." -Elisabeth Kubler-Ross

User avatar
gabrielletiemi
Posts: 254
Joined: 19 May 2020, 10:08
Currently Reading: Homo Deus: A Brief History of Tomorrow
Bookshelf Size: 102
Reviewer Page: onlinebookclub.org/reviews/by-gabrielletiemi.html
Latest Review: Sandra Eden's War by Michael Low

Post by gabrielletiemi »

This seems to be a great book about the American economical crisis. It's always nice to learn about more perspectives about a theme so important like that. I'm not usually interested in books like that, but maybe I'll give it a try since you gave it such a great rating. Thanks and good job!

User avatar
Aleciab
Posts: 1
Joined: 26 Jun 2020, 18:47
Bookshelf Size: 0

Post by Aleciab »

This book seems really educational, especially in this era of recession and uncertainty I believe it will assist in helping us to achieve a sustainable growth in the economy. I look forward to reading this book

Fernando222
Posts: 81
Joined: 19 Jun 2020, 03:30
Currently Reading:
Bookshelf Size: 3
Reviewer Page: onlinebookclub.org/reviews/by-fernando222.html
Latest Review: The Reel Sisters by Michelle Cummings

Post by Fernando222 »

This book reflects on past American economic crisis, and it could be related to the crisis caused by the COVI19 pandemic of recent. Your review is nicely detailed.

User avatar
Juliet+1
Posts: 565
Joined: 14 Jul 2019, 16:21
Favorite Book: The Elephants of Style
Currently Reading: The Red Door - Where Hurt and Holiness Collide
Bookshelf Size: 293
Reviewer Page: onlinebookclub.org/reviews/by-juliet-1.html
Latest Review: A Short History of Significant American Recessions, Depressions, and Panics by Scott Belford

Post by Juliet+1 »

Nwaogazie Goodness wrote:
26 Jun 2020, 11:07
Nicely written review. I have little knowledge on how economy really works, I think this will be an educating read for me.
I hope you enjoy the book; it's a really easy read. Thanks for stopping by. :D

User avatar
Juliet+1
Posts: 565
Joined: 14 Jul 2019, 16:21
Favorite Book: The Elephants of Style
Currently Reading: The Red Door - Where Hurt and Holiness Collide
Bookshelf Size: 293
Reviewer Page: onlinebookclub.org/reviews/by-juliet-1.html
Latest Review: A Short History of Significant American Recessions, Depressions, and Panics by Scott Belford

Post by Juliet+1 »

Elvis Best wrote:
26 Jun 2020, 16:45
I agree. This book is very important today and cannot be timelier. Following this covid-19 era, everyone needs to prepare for the implications that might follow. Thanks for the great review.
Thanks for stopping by. I appreciate your kind comment. :D

User avatar
Usma Khann
Posts: 231
Joined: 10 Jun 2020, 22:53
Currently Reading:
Bookshelf Size: 17
Reviewer Page: onlinebookclub.org/reviews/by-usma-khann.html
Latest Review: The Reel Sisters by Michelle Cummings

Post by Usma Khann »

This book will definitely prove benefitting to people interested in economics and politics. As for me, I may save it for a rainy day. Appreciate the review though.🌸
Readers know it. Authors know it. Publishers know it. A promising review sells books! :roll:

User avatar
Slater678
Posts: 176
Joined: 28 May 2020, 09:21
Currently Reading:
Bookshelf Size: 35
Reviewer Page: onlinebookclub.org/reviews/by-slater678.html
Latest Review: Cat Detectives in the Korean Peninsula by R.F. Kristi

Post by Slater678 »

It will be good to read about the historical descriptions of recessions and depression, now that we are faced with one on account of covid. Thanks for the insightful review.

User avatar
Ellylion
Posts: 854
Joined: 01 Mar 2019, 15:33
Favorite Book: The Altitude Journals
Currently Reading:
Bookshelf Size: 37
Reviewer Page: onlinebookclub.org/reviews/by-ellylion.html
Latest Review: Can I Be Frank? by Rob Wyatt

Post by Ellylion »

Sounds like a useful and educational read in our troubled times. Worth reading for sure. Thank you for a great review!

Seroney_
Posts: 216
Joined: 10 Jun 2020, 09:06
Currently Reading:
Bookshelf Size: 24
Reviewer Page: onlinebookclub.org/reviews/by-seroney.html
Latest Review: Gringo by Dan "Tito" Davis

Post by Seroney_ »

The globe is in the midst of a crisis. Will the economies emerge stronger? There's one answer to this. Wait!

Great review

User avatar
Tonika632
Posts: 470
Joined: 05 May 2020, 04:27
Currently Reading:
Bookshelf Size: 65
Reviewer Page: onlinebookclub.org/reviews/by-tonika632.html
Latest Review: Worldlines by Adam Guest

Post by Tonika632 »

I am not interested in economics and politics, therefore, I will not enjoy this book. Great review!

User avatar
Kelyn
Posts: 1915
Joined: 09 May 2018, 07:34
2019 Reading Goal: 35
2019 Reading Goal Completion: 188
Currently Reading: Untold Deception
Bookshelf Size: 206
Reviewer Page: onlinebookclub.org/reviews/by-kelyn.html
Latest Review: The Antithesis by Terra Whiteman
Reading Device: B018QAYM7C

Post by Kelyn »

Perhaps I should be more interested in the politics surrounding our country's economic situation than I am. This book might be enlightening. Thanks for the recommendation!

User avatar
Prisallen
Posts: 3192
Joined: 27 Feb 2019, 18:57
2019 Reading Goal: 104
2019 Reading Goal Completion: 69
Favorite Book: The Unbound Soul
Currently Reading:
Bookshelf Size: 116
Reviewer Page: onlinebookclub.org/reviews/by-prisallen.html
Latest Review: Dark Bliss by Shay Mills

Post by Prisallen »

This sounds like a great economical history book that is, indeed, published at the right time. Thanks for your wonderful review!

Post Reply

Return to “Non-Fiction Books”