How did a small, concentrated pocket of lower Manhattan come to have such enormous influence in national and world affairs? In this wide-ranging volume, economic historian Charles Geisst answers this question as he provides the first history of Wall Street, ranging from the loose association of traders meeting on New York sidewalks and coffee houses in the late 18th century, to the modern billion-dollar computer-driven colossus of today. Geisst's narrative traces several themes--the move of industry and business westward in the early 19th century, the rise of the great Robber Barons, the influence of the securities market on incredible growth of industry, and the gradual increase in government involvement in Wall Street--and also features a look at the some of Wall Street's most colorful and ruthless wheeler dealers.
Wall Street is at once a chronicle of the street itself, from the days when the wall was merely a defensive barricade built by Peter Stuyvesant, and in a broader sense it is an engaging economic history of the United States, a tale of profits and losses, endlessly enterprising spirits, and the role Wall Street played in helping America become the most powerful economy in the world.
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Review:
The comprehensive Wall Street: A History, by Manhattan College finance professor Charles Geisst, is a meticulous examination of the economic cycles, legendary financiers, and monumental transactions that have shaped the fiscal structure of the United States. The sweeping tale ranges from Revolutionary War days to the California Gold Rush, from the Civil War to the Depression, and from the great 1950s bull market to the ongoing 1990s boom. Geisst's narrative is pinned to the relationship between finance and government, and tracks the latter's increasing involvement in the former to show where matters stand today.
About the Author:
About the Author:
Charles Geisst is Professor of Finance in the School of Business, Manhattan College, and author of Investment Banking in the Financial System and Exchange Rate Chaos.
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- PublisherOxford University Press
- Publication date1999
- ISBN 10 0195130863
- ISBN 13 9780195130867
- BindingPaperback
- Number of pages416
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