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The Exchange Artist : A Tale of High-Flying Speculation and America's First Banking Collapse
by Jane Kamensky


Overview - 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.
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More About The Exchange Artist by Jane Kamensky
 
 
 
Overview
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.

 
Details
  • ISBN-13: 9780143114901
  • ISBN-10: 0143114905
  • Publisher: Penguin Books
  • Publish Date: December 2008
  • Page Count: 464
  • Reading Level: Ages 18-UP
  • Dimensions: 8.36 x 5.44 x 1.05 inches
  • Shipping Weight: 0.91 pounds


Related Categories

Books > History > United States - 19th Century
Books > Business & Economics > Economic History
Books > Business & Economics > Banks & Banking

 
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