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The Exchange Artist: A Tale Of High-flying Speculation And America's First Banking Collapse

by Jane Kamensky

2020-11-24 08:07:34

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The riveting story of the country''s first banking scandal in the first decades of the American republic This enthralling historical narrative of the birth of speculative capitalism in America opens in the 1790s when financial pioneer-turned-confiden... Read more
The riveting story of the country''s first banking scandal in the first decades of the American republic

This enthralling historical narrative of the birth of speculative capitalism in America opens in the 1790s when financial pioneer-turned-confidence-man Andrew Dexter, Jr. created a pyramid scheme founded on real estate speculation and the greed of banks, who freely printed the paper money he needed to finance the then tallest building in the United States-the Exchange Coffee House, a 153-room, seven-story colossus in downtown Boston. The story of Dexter''s rise and eventual collapse offered an object lesson to the rising young nation, and presents striking parallels to the subprime mortgage meltdown and looming economic collapse of today. Less

Book Details

File size8.4 X 5.5 X 0.94 in
Print pages464
PublisherPenguin Publishing Group
Publication date December 30, 2008
LanguageEnglish
ISBN9780143114901
autor-image
Jane Kamensky
Author
...

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