Once In Golconda

Author: John Brooks
Publisher: John Wiley & Sons
ISBN: 9780471357520
Size: 58.80 MB
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Once In Golconda from the Author: John Brooks. Once in Golconda "In this book, John Brooks–who was one of the most elegant of all business writers–perfectly catches the flavor of one of history′s best–known financial dramas: the 1929 crash and its aftershocks. It′s packed with parallels and parables for the modern reader." –From the Foreword by Richard Lambert Editor–in–Chief, The Financial Times Once in Golconda is a dramatic chronicle of the breathtaking rise, devastating fall, and painstaking rebirth of Wall Street in the years between the wars. Focusing on the lives and fortunes of some of the era′s most memorable traders, bankers, boosters, and frauds, John Brooks brings to vivid life all the ruthlessness, greed, and reckless euphoria of the ′20s bull market, the desperation of the days leading up to the crash of ′29, and the bitterness of the years that followed. Praise for Once in Golconda "A fast–moving, sophisticated account.embracing the stock–market boom of the twenties, the crash of 1929, the Depression, and the coming of the New Deal. Its leitmotif is the truly tragic personal history of Richard Whitney, the aristocrat Morgan broker and head of the Stock Exchange, who ended up in Sing Sing." –Edmund Wilson, writing in the New Yorker "As Mr. Brooks tells this tale of dishonor, desperation, and the fall of the mighty, it takes on overtones of Greek tragedy, a king brought down by pride. Whitney′s sordid history has been told before..But in Mr. Brooks′s hands, the drama becomes freshly shocking." –Wall Street Journal "It′s all there in Once in Golconda–the avarice of an era that favored the rich; and the later anguish of myriads of speculators doomed by a bloated market, easy credit, and their own cupidity and stupidity." –Saturday Review

Rainbow S End

Author: Maury Klein
Publisher: Oxford University Press
ISBN: 9780198030904
Size: 80.51 MB
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Rainbow S End from the Author: Maury Klein. Rainbow's End tells the story of the stock market collapse in a colorful, swift-moving narrative that blends a vivid portrait of the 1920s with an intensely gripping account of Wall Street's greatest catastrophe. The book offers a vibrant picture of a world full of plungers, powerful bankers, corporate titans, millionaire brokers, and buoyantly optimistic stock market bulls. We meet Sunshine Charley Mitchell, head of the National City Bank, powerful financiers Jack Morgan and Jacob Schiff, Wall Street manipulators such as the legendary Jesse Livermore, and the lavish-living Billy Durant, founder of General Motors. As Klein follows the careers of these men, he shows us how the financial house of cards gradually grew taller, as the irrational exuberance of an earlier age gripped America and convinced us that the market would continue to rise forever. Then, in October 1929, came a "perfect storm"-like convergence of factors that shook Wall Street to its foundations. We relive Black Thursday, when police lined Wall Street, brokers grew hysterical, customers "bellowed like lunatics," and the ticker tape fell hours behind. This compelling history of the Crash--the first to follow the market closely for the two years leading up to the disaster--illuminates a major turning point in our history.

The Great Depression And The New Deal A Very Short Introduction

Author: Eric Rauchway
Publisher: Oxford University Press
ISBN: 0199716919
Size: 24.71 MB
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The Great Depression And The New Deal A Very Short Introduction from the Author: Eric Rauchway. The New Deal shaped our nation's politics for decades, and was seen by many as tantamount to the "American Way" itself. Now, in this superb compact history, Eric Rauchway offers an informed account of the New Deal and the Great Depression, illuminating its successes and failures. Rauchway first describes how the roots of the Great Depression lay in America's post-war economic policies--described as "laissez-faire with a vengeance"--which in effect isolated our nation from the world economy just when the world needed the United States most. He shows how the magnitude of the resulting economic upheaval, and the ineffectiveness of the old ways of dealing with financial hardships, set the stage for Roosevelt's vigorous (and sometimes unconstitutional) Depression-fighting policies. Indeed, Rauchway stresses that the New Deal only makes sense as a response to this global economic disaster. The book examines a key sampling of New Deal programs, ranging from the National Recovery Agency and the Securities and Exchange Commission, to the Public Works Administration and Social Security, revealing why some worked and others did not. In the end, Rauchway concludes, it was the coming of World War II that finally generated the political will to spend the massive amounts of public money needed to put Americans back to work. And only the Cold War saw the full implementation of New Deal policies abroad--including the United Nations, the World Bank, and the International Monetary Fund. Today we can look back at the New Deal and, for the first time, see its full complexity. Rauchway captures this complexity in a remarkably short space, making this book an ideal introduction to one of the great policy revolutions in history. About the Series: Oxford's Very Short Introductions offers concise and original introductions to a wide range of subjects--from Islam to Sociology, Politics to Classics, and Literary Theory to History. Not simply a textbook of definitions, each volume provides trenchant and provocative--yet always balanced and complete--discussions of the central issues in a given topic. Every Very Short Introduction gives a readable evolution of the subject in question, demonstrating how it has developed and influenced society. Whatever the area of study, whatever the topic that fascinates the reader, the series has a handy and affordable guide that will likely prove indispensable.

When Wall Street Met Main Street

Author: Julia C. Ott
Publisher: Harvard University Press
ISBN: 0674061217
Size: 40.40 MB
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When Wall Street Met Main Street from the Author: Julia C. Ott. The financial crisis of 2008 made Americans keenly aware of the impact Wall Street has on the economic well-being of the nation and its citizenry. Ott shows how the government, corporations, and financial institutions transformed stock investment from an elite to a mass practice at the beginning of the twentieth century.

The Go Go Years

Author: John Brooks
Publisher: John Wiley & Sons
ISBN: 9780471357551
Size: 45.90 MB
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The Go Go Years from the Author: John Brooks. The Go–Go Years "The Go–Go Years is not to be read in the usual manner ofWall Street classics. You do not read this book to see our presentsituation reenacted in the past, with only the names changed. Youread it because it is a wonderful description of the way thingswere in a different time and place." From the Foreword by Michael Lewis The Go–Go Years is the harrowing and humorous story ofthe growth stocks of the 1960s and how their meteoric rise caused amultitude of small investors to thrive until the devastating marketcrashes in the 1970s. It was a time when greed drove the market andfast money was being made and lost as the "go–go" stocks surged andplunged. Included are the stories of such high–profilepersonalities as H. Ross Perot who lost $450 million in one day,Saul Steinberg′s attempt to take over Chemical Bank, and the fallof America′s "Last Gatsby," Eddie Gilbert. Praise for The Go–Go Years "Those for whom the stock market is mostly a spectator sportwill relish the book′s verve, color, and memorableone–liners." New York Review of Books "Please don′t take The Go–Go Years too much for granted:as effortlessly as it seems to fly, it is nonetheless an unusuallycomplex and thoughtful work of social history." New York Times "Brooks′s great contribution is his synthesis of all theelements that made the 1960s the most volatile in Wall Streethistory . and making so much material easily digestible for theuninitiated." Publishers Weekly "Brooks ... is about the only writer around who combines athorough knowledge of finance with the ability to perceive behindthe dance of numbers ′high, pure, moral melodrama on the themes ofpossession, domination, and belonging.′" Time

The Takeover Game

Author: John Brooks
Publisher: Plume
ISBN: 9780525484400
Size: 21.79 MB
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The Takeover Game from the Author: John Brooks. Exploring the multimillion-dollar merger wars, the award-winning author analyzes the operations of the high-stakes merger game fueled by investment bankers on Wall Street

The Oxford Handbook Of Capitalism

Author: Dennis C. Mueller
Publisher: Oxford University Press
ISBN: 0199942595
Size: 13.47 MB
Format: PDF, Kindle
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The Oxford Handbook Of Capitalism from the Author: Dennis C. Mueller. The financial crisis that began in 2008 and its lingering aftermath have caused many intellectuals and politicians to question the virtues of capitalist systems. The 19 original essays in this Handbook, written by leading scholars from Asia, North America, and Europe, analyze both the strengths and weaknesses of capitalist systems. The volume opens with essays on the historical and legal origins of capitalism. These are followed by chapters describing the nature, institutions, and advantages of capitalism: entrepreneurship, innovation, property rights, contracts, capital markets, and the modern corporation. The next set of chapters discusses the problems that can arise in capitalist systems including monopoly, principal agent problems, financial bubbles, excessive managerial compensation, and empire building through wealth-destroying mergers. Two subsequent essays examine in detail the properties of the "Asian model" of capitalism as exemplified by Japan and South Korea, and capitalist systems where ownership and control are largely separated as in the United States and United Kingdom. The handbook concludes with an essay on capitalism in the 21st century by Nobel Prize winner Edmund Phelps.