Summary of Daniel Schulman's The Money Kings

Summary of Daniel Schulman's The Money Kings
Author: Milkyway Media
Publisher: Milkyway Media
Total Pages: 20
Release: 2024-01-29
Genre: History
ISBN:

Get the Summary of Daniel Schulman's The Money Kings in 20 minutes. Please note: This is a summary & not the original book. "The Money Kings" by Daniel Schulman chronicles the rise of Jewish immigrant families in America's financial sector during the 19th and early 20th centuries. Joseph Seligman, a Bavarian immigrant, arrived in America in 1837 and, with his brothers, established a successful investment bank. The Lehman brothers, also from Bavaria, overcame prejudice to become prominent businessmen in the South, eventually supporting the Confederacy during the Civil War...

The Money Kings

The Money Kings
Author: Daniel Schulman
Publisher: Random House
Total Pages: 625
Release: 2024-11-19
Genre: Biography & Autobiography
ISBN: 1101973013

The incredible saga of the German-Jewish immigrants—with now familiar names like Goldman and Sachs, Kuhn and Loeb, Warburg and Schiff, Lehman and Seligman—who profoundly influenced the rise of modern finance (and so much more), from the New York Times best-selling author of Sons of Wichita Joseph Seligman arrived in the United States in 1837, with the equivalent of $100 sewn into the lining of his pants. Then came the Lehman brothers, who would open a general store in Montgomery, Alabama. Not far behind were Solomon Loeb and Marcus Goldman, among the “Forty-Eighters” fleeing a Germany that had relegated Jews to an underclass. These industrious immigrants would soon go from peddling trinkets and buying up shopkeepers’ IOUs to forming what would become some of the largest investment banks in the world—Goldman Sachs, Kuhn Loeb, Lehman Brothers, J. & W. Seligman & Co. They would clash and collaborate with J. P. Morgan, E. H. Harriman, Jay Gould, and other famed tycoons of the era. And their firms would help to transform the United States from a debtor nation into a financial superpower, capitalizing American industry and underwriting some of the twentieth century’s quintessential companies, like General Motors, Macy’s, and Sears. Along the way, they would shape the destiny not just of American finance but of the millions of Eastern European Jews who spilled off steamships in New York Harbor in the early 1900s, including Daniel Schulman’s paternal grandparents. In The Money Kings, Schulman unspools a sweeping narrative that traces the interconnected origin stories of these financial dynasties. He chronicles their paths to Wall Street dominance, as they navigated the deeply antisemitic upper class of the Gilded Age, and the complexities of the Civil War, World War I, and the Zionist movement that tested both their burgeoning empires and their identities as Americans, Germans, and Jews.

"Our Crowd"

Author: Stephen Birmingham
Publisher: Open Road Media
Total Pages: 396
Release: 2015-12-01
Genre: History
ISBN: 1504026284

The #1 New York Times bestseller that traces the rise of the Guggenheims, the Goldmans, and other families from immigrant poverty to social prominence. They immigrated to America from Germany in the nineteenth century with names like Loeb, Sachs, Seligman, Lehman, Guggenheim, and Goldman. From tenements on the Lower East Side to Park Avenue mansions, this handful of Jewish families turned small businesses into imposing enterprises and amassed spectacular fortunes. But despite possessing breathtaking wealth that rivaled the Astors and Rockefellers, they were barred by the gentile establishment from the lofty realm of “the 400,” a register of New York’s most elite, because of their religion and humble backgrounds. In response, they created their own elite “100,” a privileged society as opulent and exclusive as the one that had refused them entry. “Our Crowd” is the fascinating story of this rarefied society. Based on letters, documents, diary entries, and intimate personal remembrances of family lore by members of these most illustrious clans, it is an engrossing portrait of upper-class Jewish life over two centuries; a riveting story of the bankers, brokers, financiers, philanthropists, and business tycoons who started with nothing and turned their family names into American institutions.

Jacob H. Schiff

Jacob H. Schiff
Author: Naomi Wiener Cohen
Publisher: UPNE
Total Pages: 344
Release: 1999
Genre: Biography & Autobiography
ISBN: 9780874519488

The first full-scale biography of a major Jewish leader and financier.

The Greatest Invention

The Greatest Invention
Author: Silvia Ferrara
Publisher: Farrar, Straus and Giroux
Total Pages: 227
Release: 2022-03-01
Genre: Language Arts & Disciplines
ISBN: 0374601631

In this exhilarating celebration of human ingenuity and perseverance—published all around the world—a trailblazing Italian scholar sifts through our cultural and social behavior in search of the origins of our greatest invention: writing. The L where a tabletop meets the legs, the T between double doors, the D of an armchair’s oval backrest—all around us is an alphabet in things. But how did these shapes make it onto the page, never mind form complex structures such as this sentence? In The Greatest Invention, Silvia Ferrara takes a profound look at how—and how many times—human beings have managed to produce the miracle of written language, traveling back and forth in time and all across the globe to Mesopotamia, Crete, China, Egypt, Central America, Easter Island, and beyond. With Ferrara as our guide, we examine the enigmas of undeciphered scripts, including famous cases like the Phaistos Disk and the Voynich Manuscript; we touch the knotted, colored strings of the Inca quipu; we study the turtle shells and ox scapulae that bear the earliest Chinese inscriptions; we watch in awe as Sequoyah single-handedly invents a script for the Cherokee language; and we venture to the cutting edge of decipherment, in which high-powered laser scanners bring tears to an engineer’s eye. A code-cracking tour around the globe, The Greatest Invention chronicles a previously uncharted journey, one filled with past flashes of brilliance, present-day scientific research, and a faint, fleeting glimpse of writing’s future.

Sons of Wichita

Sons of Wichita
Author: Daniel Schulman
Publisher: Hachette UK
Total Pages: 320
Release: 2014-05-20
Genre: Biography & Autobiography
ISBN: 1455518743

Like the Rockefellers and the Kennedys, the Kochs are one of the most influential dynasties of the modern age, but they have never been the subject of a major biography -- until now. Not long after the death of his father, Charles Koch, then in his early 30s, discovered a letter the family patriarch had written to his sons. "You will receive what now seems to be a large sum of money," Fred Koch cautioned. "It may either be a blessing or a curse." Fred's legacy would become a blessing and a curse to his four sons-Frederick, Charles, and fraternal twins David and Bill-who in the ensuing decades fought bitterly over their birthright, the oil and cattle-ranching empire their father left behind in 1967. Against a backdrop of scorched-earth legal skirmishes, Charles and David built Koch Industries into one of the largest private corporations in the world-bigger than Boeing and Disney-and they rose to become two of the wealthiest men on the planet. Influenced by the sentiments of their father, who was present at the birth of the John Birch Society, Charles and David have spent decades trying to remake the American political landscape and mainline their libertarian views into the national bloodstream. They now control a machine that is a center of gravity within the Republican Party. To their supporters, they are liberating America from the scourge of Big Government. To their detractors, they are political "contract killers," as David Axelrod, President Barack Obama's chief strategist, put it during the 2012 campaign. Bill, meanwhile, built a multi-billion dollar energy empire all his own, and earned notoriety as an America's Cup-winning yachtsman, a flamboyant playboy, and as a litigious collector of fine wine and Western memorabilia. Frederick lived an intensely private life as an arts patron, refurbishing a series of historic homes and estates. Sons of Witchita traces the complicated lives and legacies of these four tycoons, as well as their business, social, and political ambitions. No matter where you fall on the ideological spectrum, the Kochs are one of the most influential dynasties of our era, but so little is publicly known about this family, their origins, how they make their money, and how they live their lives. Based on hundreds of interviews with friends, relatives, business associates, and many others, Sons of Witchita is the first major biography about this wealthy and powerful family-warts and all.

Inside Money

Inside Money
Author: Zachary Karabell
Publisher: Penguin
Total Pages: 457
Release: 2021-05-18
Genre: Business & Economics
ISBN: 0698197968

A sweeping history of the legendary private investment firm Brown Brothers Harriman, exploring its central role in the story of American wealth and its rise to global power Conspiracy theories have always swirled around Brown Brothers Harriman, and not without reason. Throughout the nineteenth century, when America was convulsed by a devastating financial panic essentially every twenty years, Brown Brothers quietly went from strength to strength, propping up the U.S. financial system at crucial moments and catalyzing successive booms, from the cotton trade and the steamship to the railroad, while largely managing to avoid the unwelcome attention that plagued some of its competitors. By the turn of the twentieth century, Brown Brothers was unquestionably at the heart of what was meant by an American Establishment. As America's reach extended beyond its shores, Brown Brothers worked hand in glove with the State Department, notably in Nicaragua in the early twentieth century, where the firm essentially took over the country's economy. To the Brown family, the virtue of their dealings was a given; their form of muscular Protestantism, forged on the playing fields of Groton and Yale, was the acme of civilization, and it was their duty to import that civilization to the world. When, during the Great Depression, Brown Brothers ensured their strength by merging with Averell Harriman's investment bank to form Brown Brothers Harriman, the die was cast for the role the firm would play on the global stage during World War II and thereafter, as its partners served at the highest levels of government to shape the international system that defines the world to this day. In Inside Money, acclaimed historian, commentator, and former financial executive Zachary Karabell offers the first full and frank look inside this institution against the backdrop of American history. Blessed with complete access to the company's archives, as well as a thrilling understanding of the larger forces at play, Karabell has created an X-ray of American power--financial, political, cultural--as it has evolved from the early 1800s to the present. Today, unlike many of its competitors, Brown Brothers Harriman remains a private partnership and a beacon of sustainable capitalism, having forgone the heady speculative upsides of the past thirty years but also having avoided any role in the devastating downsides. The firm is no longer in the command capsule of the American economy, but, arguably, that is to its credit. If its partners cleaved to any one adage over the generations, it is that a relentless pursuit of more can destroy more than it creates.

Unreal Estate

Unreal Estate
Author: Michael Gross
Publisher: Broadway
Total Pages: 562
Release: 2011
Genre: History
ISBN: 076793265X

A history of lucrative real estate in Los Angeles shares the lesser-known contributions of a range of figures from Douglas Fairbanks and Marilyn Monroe to Howard Hughes and Ronald Reagan. By the best-selling author of Rogues' Gallery.

Teenager

Teenager
Author: Bud Smith
Publisher: Vintage
Total Pages: 401
Release: 2022-05-10
Genre: Fiction
ISBN: 0593315235

Two teenagers, in love and insane, journey across the United States in this Bonnie and Clyde–like adventure, pursuing a warped American dream, where Elvis is still king and the corn dog is the “backbone of this great country.” “There is a typo on page 14. Other than that, this book is perfect.” —Bill Callahan “He told her he was a one-woman man and she was it for him. Teal said that was good because he was it for her. It and It. Both of them were It.” Kody Rawlee Green is stuck in juvie. Tella “Teal Cartwheels” Carticelli is packing her bags for Rome--on the orders of her parents, who want her as far from Kody as possible. But teenage love is too strong a force for the obstacles of reality. And the highway beckons. Leaving their abusive pasts behind them in Jersey, Kody and Teal set off on a cross-country road trip equal parts self-destruction and self-discovery, making their way, one stolen car at a time, toward bigger, wider, bluer skies. Along the road, of course, there’s time to stop at Graceland, classic diners, a fairgrounds that smells of “pony shit and kettle corn," and time for run-ins with outsize personalities like the reincarnated Grand Canyon tour guide Dead Bob and the spurious Montana rancher Bill Gold. On their heels, all the while, is Teal’s brother, Neil Carticelli, who’s abandoned his post in the navy to rescue the sister he left behind. But does she really need saving? These all too American tropes find new expression in Bud Smith’s own freewheeling prose—and in Rae Buleri’s original illustrations—filling Teenager with humor, poetry, and a joy that’s palpable in every unforgettable sentence. A VINTAGE ORIGINAL

A Wheelbarrow and a Shovel

A Wheelbarrow and a Shovel
Author: John Boll
Publisher: Simon and Schuster
Total Pages: 113
Release: 2021-11-02
Genre: Biography & Autobiography
ISBN: 163763031X

A Wheelbarrow and a Shovel documents the rags-to-riches success story of John Boll who built a real estate empire by developing manufactured home communities around the world then selling his company to the State of Washington Pension Fund for $2.3 billion. A Wheelbarrow and a Shovel documents the truly remarkable story of one of America’s most unlikely business success stories. Starting with only a wheelbarrow and a shovel, as well as the same American dream that led his parents to leave their native Holland for the United States, John Boll built a real estate empire in the most unlikely of ways—by developing and improving manufactured home communities around the country. It’s a rags-to-riches tale that could only happen in America—and only with the hand of God leading the way. Before Boll sold his company to the State of Washington Pension Fund for $2.3 billion, he was the first person to take a collection of mobile home communities to Wall Street.