---
title: "When was the The Courage to Act – A Memoir of a Crisis and Its Aftermath  written?"  
description: "When was the The Courage to Act – A Memoir of a Crisis and Its Aftermath  written?"  
author: "Jyoti Ajgaonkar"  
published: 2018-08-27  
canonical: https://answers.mindstick.com/qa/48549/when-was-the-the-courage-to-act-a-memoir-of-a-crisis-and-its-aftermath-written  
category: "books & novels"  
tags: ["books and literature"]  
reading_time: 2 minutes  

---

# When was the The Courage to Act – A Memoir of a Crisis and Its Aftermath  written?

When was the The [Courage to Act](https://answers.mindstick.com/qa/48544/who-wrote-the-the-courage-to-act-a-memoir-of-a-crisis-and-its-aftermath-and-when) – A Memoir of a [Crisis](https://yourviews.mindstick.com/view/82168/education-walling-up-to-solutions-in-a-crisis) and Its Aftermath written?

## 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](https://answers.mindstick.com/qa/46259/what-is-life-like-in-washington) 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 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**.


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Original Source: https://answers.mindstick.com/qa/48549/when-was-the-the-courage-to-act-a-memoir-of-a-crisis-and-its-aftermath-written

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