Added t.p., illustrated. PARTIAL CONTENTS: XV. [Daniel] Drew and [Cornelius] Vanderbilt.--XVI. Drew and the Erie "corners."--XXII. [Henry] Villard and his speculations.--XXVI. Our railroad methods.--XXXIV. Commodore Vanderbilt.-how his mammoth fortune was accumulated.--XXXV. Wm. H. Vanderbilt.--XXXVII. The young Vanderbilts and their fortunes.--Their railroad system ... --XLII. Railroad investments.--XLV. The labor question.--Gould and the strikes on the Missouri Pacific.--L. Western and southern financial leaders.--General Thomas M. Logan, a successful man in railroading ... --[The Garretts'] great success as railroad managers.--LVII. Jay Gould.--LIX. Men of mark.--Hon. Stephen V. White [Lackawanna Railroad].--Austin Corbin [Reading Railroad].--Russell Sage [Chicago, Milwaukee & St. Paul].--Chauncey M. Depew [New York Central]. -- J. Pierpont Morgan.

In this wide-ranging volume, a financial historian updates the first history of Wall Street, recounting the speculative fever of the 1990s and the scandals at Enron, Tyco, WorldCom, and Conseco. 27 halftones.

In the seven years since the publication of the first edition of Wall Street, America's financial industry has undergone a series of wrenching events that have dramatically changed the nation's economic landscape. The bull market of the 1990's came to a close, ushering in the end of the dot com boom, a record number of mergers occurred, and accounting scandals in companies like Enron and WorldCom shook the financial industry to its core. In this wide-ranging volume, financial historian Charles Geisst provides the first history of Wall Street, explaining how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. In this updated edition, Geisst sums up the recent turbulence that has threatened America's financial industry. He shows how in 1997 thirty NASDAQ market makers paid a record $1.3 billion fine for price irregularities in stocks. He makes sense of the closing of the bull market, and explains a major change in the accounting rules for mergers that caused monumental losses for companies like AOL Time Warner. And he recounts how in the aftermath of the speculative fever that swept Wall Street in the 1990's, the scandals at Enron, Tyco, Worldcom, and Conseco represent a last gasp of mergermania and a fallout from a bubble-like market. Wall Street is at once the story of the street itself, from the days when the wall was merely a defensive barricade built by Peter Stuyvesant, to the modern billion-dollar computer-driven colossus of today. In a broader sense it is an engaging economic history of the United States, the role Wall Street played in making America the most powerful economy in the world, and the many challenges to that role it has faced in recent years.

Early in 1885 Americans learned that General Grant was writing his Memoirs in a desperate race for time against an incurable cancer. Not generally known was the General’s precarious personal finances, made so by imprudent investments, and his gallant effort to provide for his family by his writing. For six months newspaper readers followed the dramatic contest, and the hearts of Americans were touched by the General’s last battle. Grant’s last year was one of both personal and literary triumph in the midst of tragedy, as Thomas M. Pitkin shows in this memorable and inspiring book. The Memoirs was completed; its remarkable literary quality made ita triumph. Ultimately more than 300,000sets of the two-volume work were sold. And Grant accepted the inevitable with quiet courage, and faded away in a manner sadly familiar to many American families. Though told without maudlin touches, the story of Grant’s last year will leave few readers emotionally uninvolved, for itis an account of pain and suffering as well as mighty deeds, and truly deserves to be considered the General’s final victory.

Ferdinand Ward was the greatest swindler of the Gilded Age. Through his unapologetic villainy, he bankrupted Ulysses S. Grant and ran roughshod over the entire world of finance. Now, his compelling, behind-the-scenes story is told—told by his great-grandson, award-winning historian Geoffrey C. Ward. Ward was the Bernie Madoff of his day, a supposed genius at making big money fast on Wall Street who turned out to have been running a giant pyramid scheme—one that ultimately collapsed in one of the greatest financial scandals in American history. The son of a Protestant missionary and small-town pastor with secrets of his own to keep, Ward came to New York at twenty-one and in less than a decade, armed with charm, energy, and a total lack of conscience, made himself the business partner of the former president of the United States and was widely hailed as the “Young Napoleon of Finance.” In truth, he turned out to be a complete fraud, his entire life marked by dishonesty, cowardice, and contempt for anything but his own interests. Drawing from thousands of family documents never before examined, Geoffrey C. Ward traces his great-grandfather’s rapid rise to riches and fame and his even more dizzying fall from grace. There are mistresses and mansions along the way; fast horses and crooked bankers and corrupt New York officials; courtroom confrontations and six years in Sing Sing; and Ferdinand’s desperate scheme to kidnap his own son to get his hands on the estate his late wife had left the boy. Here is a great story about a classic American con artist, told with boundless charm and dry wit by one of our finest historians.

Anti-Semitism is on the rise. And organized anti-Semitism is moving from the fringes to the center of public life. Now Ginsberg puts the new anti-Jew feelings under the powerful microscope of history and documents the uses of organized anti-Semitism on the national political agenda.

In 1883, railroad financier Henry Villard brought Portland and the Pacific Northwest their first transcontinental railroad. Earning a reputation for boldness on Wall Street, the war correspondent turned entrepreneur set out to establish Portland as a bourgeoning metropolis. To realize his vision, he hired architects McKim, Mead & White to design a massive passenger station and a first-class hotel. Despite financial panics, lost fortunes and stalled construction, the Portland Hotel opened in 1890 and remained the social heart of the city for sixty years. While the original station was never built, Villard returned as a pivotal benefactor of Union Station, saving its iconic clock tower in the process. Author Alexander Benjamin Craghead tells the story of this Gilded Age patron and the architecture that helped shape the city's identity.

America’s fascination with the stock market dates back to the Gilded Age. Winner of the BAAS Book Prize of the British Association of American Studies Americans pay famously close attention to “the market,” obsessively watching trends, patterns, and swings and looking for clues in every fluctuation. In Reading the Market, Peter Knight explores the Gilded Age origins and development of this peculiar interest. He tracks the historic shift in market operations from local to national while examining how present-day ideas about the nature of markets are tied to past genres of financial representation. Drawing on the late nineteenth-century explosion of art, literature, and media, which sought to dramatize the workings of the stock market for a wide audience, Knight shows how ordinary Americans became both emotionally and financially invested in the market. He analyzes popular investment manuals, brokers’ newsletters, newspaper columns, magazine articles, illustrations, and cartoons. He also introduces readers to fiction featuring financial tricksters, which was characterized by themes of personal trust and insider information. The book reveals how the popular culture of the period shaped the very idea of the market as a self-regulating mechanism by making the impersonal abstractions of high finance personal and concrete. From the rise of ticker-tape technology to the development of conspiracy theories, Reading the Market argues that commentary on the Stock Exchange between 1870 and 1915 changed how Americans understood finance—and explains what our pervasive interest in Wall Street says about us now.

"It's time to turn our backs on Wall Street and the Mutual Fund industry that gets rich at our expense." John C. Bogle, founder of Vanguard Funds, comments "Hi Ted, surely the basic thrust--down with managers (looking for needles); up with indexing ---is right on with my own philosophy. Good luck with (your)publication." Michael Keller former Wall Street investment banker writes, "I firmly believe in what you have to say. I don't believe in mutual funds either as an investment. Your book clearly shows why to avoid them."