Every Man a Speculator: A History of Wall Street in American Life

Description

Mr. Fraser has written a detailed and intimately researched tomb covering the history of Wall Street back to its earliest beginnings. This book is similar in theme to Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics), Devil Take the Hindmost: A History of Financial Speculation, andExtraordinary Popular Delusions and the Madness of Crowds. Here is what distinguishes Mr. Fraser's book: - The focus on solely the American Experience, as opposed to including European. - The period of history covered is much greater than the others. Mr. Fraser begins with a great tale of Alexander Hamiton and Thomas Jefferson. I found this especially valuable and unique. - A broad focus. The author focuses not only on the financial, but on how Wall Street influenced the arts, popular culture, politics, et al. I recommend this book if you want a broad, in-depth history of Wall Street. It is the best I have found in covering the pre-1900 period of American finance. Because the book is a history, it compresses hundreds of years as you read it in a few hours. This allows one to see the boom/bust cycles of Wall Street with clinical detachment. If only we could apply this 20/20 vision to our own period of history!