Wall Street

Wall Street : A History

3.8 (127 ratings by Goodreads)
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Description

Wall Street is the stuff of legend and a source of nightmares, a force so powerful in American societyDSand, indeed, in world economics and cultureDSthat it has become an almost universal symbol of both the highest aspirations of commercial success and the basest impulses of greed and deception. How did such a small, concentrated pocket of lower Manhattan come to have such an enormous influence in national and world affairs? In this wide-ranging volume, economic historian Charles Geisst answers this question as he provides the first history of Wall Street, ranging over two centuries from the loose association of traders meeting on New York sidewalks and coffee houses in the late 18th century, to the modern billion-dollar computer-driven colossus of today. Taking in the Gold Rush, the economic boom (for the North) of the Civil War, the great stock market crash of 1929, and the junk bond frenzy and the merger mania of the 1980s, this is a tale of profits and losses, endlessly enterprising spirits, and the role Wall Street played in helping America become the most powerful economy in the world.show more

Product details

  • Paperback | 416 pages
  • 154.94 x 231.14 x 27.94mm | 580.6g
  • Oxford University Press Inc
  • New York, United States
  • New edition
  • New edition
  • 0195130863
  • 9780195130867

About Charles R. Geisst

About the Author: Charles Geisst is Professor of Finance in the School of Business, Manhattan College, and author of Investment Banking in the Financial System and Exchange Rate Chaos.show more

Review Text

Wall Street: A History is a fascinating chronicle of Wall Street, a place where dreams and nightmares are made. In his book, Charles Geisst, Professor of Business assiduously guides the reader through two centuries from just after the Revolutionary War to the California Gold Rush, to the great crash of 1929, right up to the recent junk bond and merger mania of the 1980s. What emerges are the deals, battles, events and personalities that give Wall Street its shape, character and buzz. In fact if certain momentous, albeit painful events didn't occur when they did, Wall street wouldn't be the Wall Street that it is today. This book is comprehensive, and well-structured, allowing the reader to be able to skip periods without any loss of continuity. However its length requires perservence on behalf of the reader. This book will appeal to anyone who has an interest in Wall Street, the modern world's largest and premier financial epicentre. (Kirkus UK)show more

Table of contents

Introduction; The Early Years, 1790-1840; The Railroad and Civil War Eras, 1840-70; The Robber Barons, 1870-90; The Age of the Trusts, 1880-1910; The Money Trust, 1890-1920; The Booming Twenties, 1920-29; Wall Street Meets the New Deal, 1930-35; The Struggle Continues, 1936-54; Bull Market, 1954-69; Bear Market, 1970-81; Mergermania, 1982-96show more

Review quote

"Geisst's history ends in 1996, on an optimistic note, with the stock market forging ever higher. But the pages that have come before, chronicling the unending stream of wipeouts after similar investment booms, leaves one appropriately skeptical about how long these good times will last.... A quick-reading history of the United States as told through the doings of bankers and brokers."--The Washington Post"A thorough retelling of a critical--though often overlooked--aspect of U.S. history. Wall Street will be enjoyed not just by the warriors who work there but also by the growing legions of Main Street investors whose retirements depend on the fortunes of the stock market."--The Wall Street Journalshow more

Rating details

127 ratings
3.8 out of 5 stars
5 24% (30)
4 42% (53)
3 28% (35)
2 6% (7)
1 2% (2)
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