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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Contents Prologue: The Money Question 15 1 The Aristocracy of Capital 19 2
The Bank War 57 3 The Bonds of Union 97 4 The Great Gold Conspiracy 131 5
The Transit of Jupiter 159 Epilogue: The Money Answer 199 Notes 207 For
Prologue. The. Money. Question. For. the first five generations of America's
independent history—from 1776 till the eve of World War I—a single question
vexed American politics and the American economy more persistently than any
The money question lay at the center of the contest between democracy and
capitalism. The democrats demanded that the people control the money supply,
to preserve and extend equality. Money was too important to everyday lives to be
And they might have extrapolated his dictum to the money question and
concluded, correctly, that in a fundamental sense Americans were all capitalists
and all democrats. But Americans had difficulty keeping their identities straight,
with the ...
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LibraryThing ReviewUser Review - jefware - LibraryThing
Shines a clear light on the people behind the war between capitalism and the populists. Made me appreciate Hamilton. Read full review
THE MONEY MEN: Capitalism, Democracy, and the Hundred Years' War Over the American DollarUser Review - Kirkus
A lively and accessible history of a once-dominant issue in American life.The Federal Reserve Act of 1913, which governs US monetary policy, was a compromise solution to a long and fierce brawl ... Read full review