--- title: "who wrote the The Courage to Act – A Memoir of a Crisis and Its Aftermath and When?" description: "who wrote the The Courage to Act – A Memoir of a Crisis and Its Aftermath and When?" author: "Jyoti Ajgaonkar" published: 2018-08-27 canonical: https://answers.mindstick.com/qa/48544/who-wrote-the-the-courage-to-act-a-memoir-of-a-crisis-and-its-aftermath-and-when category: "books & novels" tags: ["books and literature"] reading_time: 2 minutes --- # who wrote the The Courage to Act – A Memoir of a Crisis and Its Aftermath and When? who wrote the The [Courage to Act](https://answers.mindstick.com/qa/48549/when-was-the-the-courage-to-act-a-memoir-of-a-crisis-and-its-aftermath-written) – A Memoir of a [Crisis](https://yourviews.mindstick.com/view/82168/education-walling-up-to-solutions-in-a-crisis) and Its Aftermath and When?\ \ \ ## Answers ### Answer by Harshal Vispute **Ben S. Bernanke** was chosen **chair of the [Federal Reserve](https://answers.mindstick.com/qa/51964/who-is-the-author-of-the-book-indian-fiscal-federalism) in 2006**, marking the unexpected culmination of a personal odyssey from small-town **South Carolina** to prominent academic posts and eventually public service in the halls of power in **[Washington](https://answers.mindstick.com/qa/46259/what-is-life-like-in-washington)**. There wouldn't be any time to rejoice. The **bursting of a housing bubble in 2007** revealed the global financial system's underlying vulnerabilities, bringing it to the verge of collapse. Bernanke and his team at the Fed were consumed with efforts to stop the financial contagion, from the fall of **investment bank** Bear Stearns to the enormous bailout of insurance giant **AIG**. They battled the crisis around the clock, using every weapon at their disposal to keep the **[US](https://answers.mindstick.com/qa/46259/what-is-life-like-in-washington) and global economy** afloat. \ The **Fed**, together with colleagues in the **Treasury Department**, successfully stabilized a teetering financial system while working with **two US presidents** and under assault from a contentious Congress and a public outraged by **Wall Street malfeasance**. They avoided an unfathomable economic catastrophe via innovation and decisiveness and went on to design the unconventional initiatives that would help the **[US](https://answers.mindstick.com/qa/46259/what-is-life-like-in-washington) economy** recover and become a model for other countries. \ The **Courage to Act** recounts and explains America's biggest **financial crisis and economic depression** since the Great Depression, providing an insider's perspective of governmental responses. It is rich with information on the decision-making process in **[Washington](https://answers.mindstick.com/qa/46259/what-is-life-like-in-washington)** and vivid portrayals of the important participants. \ **Ben S. Bernanke's book The Courage to Act: A Memoir of a Crisis and Its Aftermath** is a memoir about a crisis and its aftermath. **W. W. Norton Company** published this book on **May 2nd, 2017**. --- Original Source: https://answers.mindstick.com/qa/48544/who-wrote-the-the-courage-to-act-a-memoir-of-a-crisis-and-its-aftermath-and-when Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.