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. |
From inside the book
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Page 24
... issues as infla- tionary and in the 1760s outlawed paper money entirely . The edgy colonials soon went over the edge into revolution . The war aggravated the money problems . Trade shriveled under the British blockade , cutting the ...
... issues as infla- tionary and in the 1760s outlawed paper money entirely . The edgy colonials soon went over the edge into revolution . The war aggravated the money problems . Trade shriveled under the British blockade , cutting the ...
Page 26
... issue of paper money . The bond sales were limited by the patriotism of Americans and the optimism of for- eigners ; the paper issues were limited by nothing save the sup- ply of rags that made the notes . The result was the ruinous ...
... issue of paper money . The bond sales were limited by the patriotism of Americans and the optimism of for- eigners ; the paper issues were limited by nothing save the sup- ply of rags that made the notes . The result was the ruinous ...
Page 36
H. W. Brands. denied certain financial and economic powers - to coin money , to issue paper notes , to interfere with domestic commerce - to the states . HAMILTON ENDORSED THE draft constitution and thought it would appeal to those ...
H. W. Brands. denied certain financial and economic powers - to coin money , to issue paper notes , to interfere with domestic commerce - to the states . HAMILTON ENDORSED THE draft constitution and thought it would appeal to those ...
Page 47
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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