Product Description

Wall Street: no other place on earth is so singularly identified with money and the power of money. And no other American institution has inspired such deep moral, cultural, and political ambivalence. Is the Street an unbreachable bulwark defending commercial order? Or is it a centre of mad ambition? This book recounts the colourful history of America's love-hate relationship with Wall Street. Steve Fraser frames his fascinating analysis around the roles of four iconic Wall Street types - the aristocrat, the confidence man, the hero, and the immoralist - all recurring figures who yield surprising insights about how the nation has wrestled, and still wrestles, with fundamental questions of wealth and work, democracy and elitism, greed and salvation. Spanning the years from the first Wall Street panic of 1792 to the dot.com bubble-and-bust and Enron scandals of our own time, the book is full of stories and portraits of such larger-than-life figures as J. P. Morgan, Cornelius Vanderbilt, and Michael Milken. Fraser considers the conflicting attitudes of ordinary Americans toward the Street and concludes with a brief rumination on the recent notion of Wall Street as a haven for Everyman.

Product Details

• Amazon Sales Rank: #637488 in Books
• Published on: 2008-05-30
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 208 pages

Review
"In this age of agitated amnesiacs, Americans have forgotten that nothing is new-that in other times money and power were forged into a conspiracy against the public. Steve Fraser connects vividly to that past, reminding us that this present financial crisis is not the first time our hearts have been broken by Wall Street peddlers of the American Dream."-Bill Moyers

About the Author
Steve Fraser is an author, editor, and historian whose many publications include the award-winning books Labor Will Rule: Sidney Hillman and the Rise of American Labor and Every Man a Speculator: A History of Wall Street in American Life. He is senior lecturer at the University of Pennsylvania and co-founder of the American Empire Project, Metropolitan Books. He has written for the New York Times, the Los Angeles Times, the Nation, and the American Prospect.