The Money Men: Capitalism, Democracy, and the Hundred Years' War Over the American Dollar (Enterprise)W. W. Norton & Company, 2010 M11 1 - 240 pages An "insightful" (Publishers Weekly) history of the development of American capitalism and the men who made it great. Most Americans are familiar with the political history of the United States, but there is another history woven all through it, a largely forgotten history—the story of the money men. Acclaimed historian H. W. Brands brings them back to life: J. P. Morgan, who stabilized a foundering U.S. Treasury in 1907; Alexander Hamilton, who founded the first national bank, and Nicholas Biddle, under whose directorship it failed; Jay Cooke, who helped to finance the Union war effort through his then-innovative strategy of selling bonds to ordinary Americans; and Jay Gould, who tried to corner the market on gold in 1869 and as a result brought about Black Friday and fled for his life. |
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Page 22
... ernment , which left sovereignty to the states . " Each State , in order to promote its own internal government and prosperity , has selected its best members to fill the offices within itself . " The second - raters found positions in ...
... ernment , which left sovereignty to the states . " Each State , in order to promote its own internal government and prosperity , has selected its best members to fill the offices within itself . " The second - raters found positions in ...
Page 26
... immediately in it by making them contribute the whole or part of the stock ” —of the bank- " and giving them the whole or part of the profits . " AMERICA WASN'T READY for Hamilton's reorganization of gov- ernment , 26 H. W. Brands.
... immediately in it by making them contribute the whole or part of the stock ” —of the bank- " and giving them the whole or part of the profits . " AMERICA WASN'T READY for Hamilton's reorganization of gov- ernment , 26 H. W. Brands.
Page 27
H. W. Brands. AMERICA WASN'T READY for Hamilton's reorganization of gov- ernment , and it certainly wasn't ready for his bank . The country had all it could do to win the war . France had joined the American cause after the rebels ...
H. W. Brands. AMERICA WASN'T READY for Hamilton's reorganization of gov- ernment , and it certainly wasn't ready for his bank . The country had all it could do to win the war . France had joined the American cause after the rebels ...
Page 37
... ernment , after all , was what the patriots of 1776 had rebelled against . What reasons could the ratification party give that Americans would be less tempted to abuse the powers of a strong government than the British had been ? In ...
... ernment , after all , was what the patriots of 1776 had rebelled against . What reasons could the ratification party give that Americans would be less tempted to abuse the powers of a strong government than the British had been ? In ...
Page 39
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Contents
15 | |
The Bank War | 57 |
The Bonds of Union | 97 |
The Great Gold Conspiracy | 131 |
The Transit of Jupiter | 159 |
The Money Answer | 199 |
Notes | 207 |
For Further Reading | 217 |
Index | 223 |
Other editions - View all
The Money Men: Capitalism, Democracy, and the Hundred Years' War Over the ... H. W. Brands No preview available - 2007 |
Common terms and phrases
Adams Alexander Hamilton Andrew Jackson Bank’s bankers Biddle’s Boutwell Bray Hammond British brokers Bryan bulls campaign capital capitalists central charter Chase Clay Cleveland Coin Congress Constitution Cooke’s Corbin Correspondence of Biddle currency Daniel Butterfield debt declared democracy democrats dollars election Erie Erie War ernment farmers favor federal government Federalists fight Fisk five-twenties gold and silver gold standard Grant greenbacks H. W. Brands Hamilton Henry House ibid interest investors issues J. P. Morgan Jay Cooke Jay Gould Jefferson knew Madison ment million money question money supply national bank never Nicholas Biddle notes Oberholtzer panic paper party Philadelphia politics president proposed purchase railroad Republicans Ron Chernow Roosevelt sell Senate sold specie speculators thought tion told took trade Treasury secretary U.S. Steel Union United Untermyer veto vote Wall Street wanted Washington wrote York