In the Spring of 2000, The Nasdaq Stock Market surpassed 5,000, the highest level in its 30-year history. Since then, it has fallen more than 60 percent to flounder at a two-year low. Wealth was built and then vanished. Companies sprang up, then folded. Lives were changed forever. But it wasn't the first time.
The full history of Nasdaq teems with boom and bust stories. What started as a Depression-era devise to combat stock market fraud - and struggled for decades as the black sheep of Wall Street - has now eclipsed the venerated New York Stock Exchange as the global icon of corporate wealth and success. Now, it faces new challenges in a softening economy.
In this book, author and journalist Mark Ingebretsen digs deep into the heart of the institution to reveal its history, heroes, and shadowy secrets - everything that made it the most powerful engine of capital creation for companies worldwide and a fickle mistress to millions of investors.
