The Money Kings
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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.
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...
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.
Author | : Stuart Cary Welch |
Publisher | : Metropolitan Museum of Art |
Total Pages | : 201 |
Release | : 1972 |
Genre | : Art, Iranian |
ISBN | : 0870990284 |
Author | : Jonathan Kaufman |
Publisher | : Penguin |
Total Pages | : 385 |
Release | : 2021-06-01 |
Genre | : History |
ISBN | : 0735224439 |
"In vivid detail... examines the little-known history of two extraordinary dynasties."--The Boston Globe "Not just a brilliant, well-researched, and highly readable book about China's past, it also reveals the contingencies and ironic twists of fate in China's modern history."--LA Review of Books An epic, multigenerational story of two rival dynasties who flourished in Shanghai and Hong Kong as twentieth-century China surged into the modern era, from the Pulitzer Prize-winning journalist The Sassoons and the Kadoories stood astride Chinese business and politics for more than one hundred seventy-five years, profiting from the Opium Wars; surviving Japanese occupation; courting Chiang Kai-shek; and nearly losing everything as the Communists swept into power. Jonathan Kaufman tells the remarkable history of how these families ignited an economic boom and opened China to the world, but remained blind to the country's deep inequality and to the political turmoil on their doorsteps. In a story stretching from Baghdad to Hong Kong to Shanghai to London, Kaufman enters the lives and minds of these ambitious men and women to forge a tale of opium smuggling, family rivalry, political intrigue, and survival.
Author | : Woolfolk |
Publisher | : Lulu.com |
Total Pages | : 225 |
Release | : |
Genre | : |
ISBN | : 1329159519 |
Author | : Lewis Lapham |
Publisher | : OR Books |
Total Pages | : 352 |
Release | : 2018-10-02 |
Genre | : History |
ISBN | : 9781944869892 |
"Money and Class in America: Notes and Observations on Our Civil Religion was first published by Weidenfeld & Nicolson, New York, in 1988"--Title pages verso.
Author | : Christopher Leonard |
Publisher | : Simon and Schuster |
Total Pages | : 384 |
Release | : 2023-01-10 |
Genre | : Business & Economics |
ISBN | : 1982166649 |
The New York Times bestseller from business journalist Christopher Leonard infiltrates one of America’s most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten years have accelerated income inequality and put our country’s economic stability at risk. If you asked most people what forces led to today’s unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. But here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began a radical intervention called quantitative easing. In just a few short years, the Fed more than quadrupled the money supply with one goal: to encourage banks and other investors to extend more risky debt. Leaders at the Fed knew that they were undertaking a bold experiment that would produce few real jobs, with long-term risks that were hard to measure. But the Fed proceeded anyway…and then found itself trapped. Once it printed all that money, there was no way to withdraw it from circulation. The Fed tried several times, only to see the market start to crash, at which point the Fed turned the money spigot back on. That’s what it did when COVID hit, printing 300 years’ worth of money in a few short months. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system. The Lords of Easy Money “skillfully” (The Wall Street Journal) tells the “fascinating” (The New York Times) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.
Author | : Daniel Barbarisi |
Publisher | : Simon and Schuster |
Total Pages | : 368 |
Release | : 2017-03-07 |
Genre | : Games & Activities |
ISBN | : 150114619X |
In the spirit of Bringing Down the House and The Wolf of Wall Street, “an engrossing and often hilarious behind-the-scenes look at the characters, compulsions, and chaos inside the fantasy sports gold rush. It’s the perfect meld of a sports and business book, engagingly written like a fun, page-turning novel” (The Wall Street Journal). Daniel Barbarisi quit his job as a New York Yankees beat writer and began a quest to join the top one percent of Daily Fantasy Sports (“DFS”) players, the so-called “sharks,” in hopes to discover the secrets behind this phenomenon—and potentially make some money along the way. DFS is fantasy sports on steroids. It’s the domain of bitter rivals FanDuel and DraftKings, online juggernauts who turned a legal loophole into a billion-dollar industry by allowing sports fans to bet piles of cash constructing fantasy teams. Yet as Barbarisi quickly realizes, what should have been a fun companion to casual sports viewing was instead a ferocious environment infested with sharks, a top tier of pros wielding complex algorithms, drafting hundreds of lineups, and wagering six figures daily as they bludgeon unsuspecting amateur “fish.” Barbarisi embeds himself inside the world of DFS, befriending and joining its rogue’s gallery as he tries to beat them at their own game. In a work equal parts adventure and rigorously reported investigation, Barbarisi wades into this chaotic industry at the very moment its existence is threatened by lawmakers sick of its Wild West atmosphere and pushy advertising. All their money made FanDuel and DraftKings seem invincible; but, as Barbarisi reports, they made plenty of dubious—perhaps even scandalous—moves as they vied for market supremacy. In Dueling with Kings, Barbarisi uncovers the tumultuous inside story of DFS, all while capturing its peculiar cast of characters, from wide-eyed newly minted millionaires, to sun-starved math geeks, to bros living an endless frat party of keggers and Playboy Bunnies. Can he outwit them all and make it to the top?
Author | : Mike Ashley |
Publisher | : Running PressBook Pub |
Total Pages | : 808 |
Release | : 1999-09 |
Genre | : Biography & Autobiography |
ISBN | : 9780786706921 |
Covers more than 1000 rulers and two millennia of history