The Money Men
Capitalism, Democracy, and the Hundred Years' War Over the American Dollar
Baker & Taylor
Offers in-depth profiles of five men who played a key role in America's financial history and development, including Alexander Hamilton, Nicholas Biddle, Jay Cooke, Jay Gould, and J. P. Morgan, examining their diverse attitudes toward money and their influence on American commerce and politics.
A best-selling historian's gripping account of the powerful men who controlled America's financial destiny.
From the first days of the United States, a battle raged over money. On one side were the democrats, who wanted cheap money and feared the concentration of financial interests in the hands of a few. On the other were the capitalists who sought the soundness of a national bankand the profits that came with it.
In telling this exciting story, H. W. Brands focuses on five "Money Men": Alexander Hamilton, who championed a national bank; Nicholas Biddle, whose run-in with Andrew Jackson led to the bank's demise; Jay Cooke, who financed the Union in the Civil War; Jay Gould, who tried to corner the gold market; and J. P. Morgan, whose position was so commanding that he bailed out the U.S. Treasury.
The Money Men is a riveting narrative, a revealing history of the men who fought over the lifeblood of American commerce and power.
The conflict between equality and inequality, between democracy and capitalism, has played out in much of American history in political battles over the dollar, including whether it should be based on gold, silver, or other standards; whether control over issuing dollars should be in the hands of a central bank; and other related issues. Brands (history, U. of Texas) examines this history by focusing on five individuals central to these debates: Alexander Hamilton (1755-1757), the first Secretary of the Treasury and champion of the idea of a national bank; Nicholas Biddle (1786-1844), president of the Second Bank of the United States who fought the "Bank War" with President Andrew Jackson; Jay Cooke (1821-1905), the American financier whose bonds financed the Union during the Civil War and, in the process, pioneered the use of price stabilization; Jay Gould (1836-1892), who tried to corner the market in gold; and J. P. Morgan (1837-1913), whose wealth prompted President Grover Cleveland to turn to him in order to defend the credit of the United States. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
Blackwell North Amer
H. W. Brands recounts the century-long battle for the lifeblood of American commerce and power, focusing on five men whose lives and actions indelibly affected the course of American financial history. The story of these men is the story of how America transformed itself from a squabbling collection of small states into the foremost economic power in the world.
New York : W.W. Norton & Co., c2006
239 p. : ill. ; 21 cm