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The Money Men: Capitalism, Democracy, and…

The Money Men: Capitalism, Democracy, and the Hundred Years' War over the… (2006)

by H. W. Brands

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Shines a clear light on the people behind the war between capitalism and the populists. Made me appreciate Hamilton. ( )
  jefware | Dec 30, 2013 |
H.W. Brands: historian and professor at the University of Texas at Austin
Pros: good history on the early struggles of dollar and monetary market
Cons: no coverage of the period after WW II; simplistic view on many events; lack of understanding of the more sinister morph of the monetary/currency market in the last 20-30 years and its profound impact on world economy ( )
  sphinx | Mar 30, 2008 |
The Money Men
by H. W. Brands
Alexander Hamilton was an illegitimage child. He founded the first national bank and was the first Secretary of The Treasury. He worked under George Washington. He advocated strong federal government. He championed the idea of a central bank. He died young in a dual.
Nicholas Biddle participated in the purchase of Louisiana from France. He became president of the Second Bank of The United States in 1822. He fought a bitter fight with President Andrew Jackson over the bank. Jackson opposed re-chartering the bank of the United States; he thought it was bad for democracy to be at the mercy of capital. Biddle retaliated by tighning the supply of credit. An economic recession ensued in 1819. Bibble was blamed for the crisis. Andrew Jackson opposed all banks that were not backed 100% by gold or silver.
Jay Cook (August 10, 1821-February 8, 1905) was a young American financier. He was also know as the financier of the Civil War. He helped the secretary of the treasury sell millions of war bonds. He advertise the bond to all Americans.

Jay Gould was an American financier and rail road developer. He took control of the Erie Railroad Company and tried to divert fund. Fought against Cornelius Vanderbilt over the control of the company. Gould with the help of his friends James Fisk, and Daniel Drew tried to corner the gold market, resulting in the panic of Black Friday in September 1869. The plot eventually failed when President Ulysses Grant order the federal government to sell its gold. ( )
  amadouwane | Mar 27, 2008 |
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Amazon.com Product Description (ISBN 0393061841, Hardcover)

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 bank—and 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.

(retrieved from Amazon Thu, 12 Mar 2015 18:08:15 -0400)

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"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."--BOOK JACKET.… (more)

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W.W. Norton

An edition of this book was published by W.W. Norton.

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Tantor Media

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