The winner of the National Book Award and now considered a classic, The House of Morgan is the most ambitious history ever written about an American banking dynasty. Acclaimed by The Wall Street Journal as "brilliantly researched and written", the book tells the rich, panoramic story of four generations of Morgans and the powerful, secretive firms they spawned. It is the definitive account of the rise of the modern financial world. A gripping history of banking and the booms and busts that shaped the world on both sides of the Atlantic, The House of Morgan traces the trajectory of the J. P. Morgan empire from its obscure beginnings in Victorian London to the crash of 1987. Ron Chernow paints a fascinating portrait of the private saga of the Morgans and the rarefied world of the American and British elite in which they moved. Based on extensive interviews and access to the family and business archives, The House of Morgan is an investigative masterpiece, a compelling account of a remarkable institution and the men who ran it, and an essential book for understanding the money and power behind the major historical events of the last 150 years.

This must-read classic on currency and credit covers the three areas of key interest -- the nature of money, the value of money, and money and banking. Economist and philosopher Ludwig von Mises presents his "Theory of Money and Credit" by first looking at the nature and value of money, why there is a demand for money, and how it is used as currency. He goes on to explain the purchasing power of money and how it determines economic and monetary policy, often in a way that results in financial melt-downs. Never in modern history has there been a greater need for this book and others like it. All of its ideas and principles are coming true right before our eyes in today's economy and its problems.

“Beryl Satter's Family Properties is really an incredible book. It is, by far, the best book I've ever read on the relationship between blacks and Jews. That's because it hones in on the relationship between one specific black community and one specific Jewish community and thus revels in the particular humanity of all its actors.” —Ta-Nehisi Coates, The Atlantic Part family story and part urban history, a landmark investigation of segregation and urban decay in Chicago -- and cities across the nation The "promised land" for thousands of Southern blacks, postwar Chicago quickly became the most segregated city in the North, the site of the nation's worst ghettos and the target of Martin Luther King Jr.'s first campaign beyond the South. In this powerful book, Beryl Satter identifies the true causes of the city's black slums and the ruin of urban neighborhoods throughout the country: not, as some have argued, black pathology, the culture of poverty, or white flight, but a widespread and institutionalized system of legal and financial exploitation. In Satter's riveting account of a city in crisis, unscrupulous lawyers, slumlords, and speculators are pitched against religious reformers, community organizers, and an impassioned attorney who launched a crusade against the profiteers—the author's father, Mark J. Satter. At the heart of the struggle stand the black migrants who, having left the South with its legacy of sharecropping, suddenly find themselves caught in a new kind of debt peonage. Satter shows the interlocking forces at work in their oppression: the discriminatory practices of the banking industry; the federal policies that created the country's shameful "dual housing market"; the economic anxieties that fueled white violence; and the tempting profits to be made by preying on the city's most vulnerable population. Family Properties: Race, Real Estate, and the Exploitation of Black Urban America is a monumental work of history, this tale of racism and real estate, politics and finance, will forever change our understanding of the forces that transformed urban America. "Gripping . . . This painstaking portrayal of the human costs of financial racism is the most important book yet written on the black freedom struggle in the urban North."—David Garrow, The Washington Post

"For anyone interested in the world behind the business-page headlines, this is the book to read." --Publishers Weekly With the same breadth of vision and narrative élan he brought to his monumental biographies of the great financiers, Ron Chernow examines the forces that made dynasties like the Morgans, the Warburgs, and the Rothschilds the financial arbiters of the early twentieth century and then rendered them virtually obsolete by the century's end. As he traces the shifting balance of power among investors, borrowers, and bankers, Chernow evokes both the grand theater of capital and the personal dramas of its most fascinating protagonists. Here is Siegmund Warburg, who dropped a client in the heat of a takeover deal because the man wore monogrammed shirt cuffs, as well as the imperious J. P. Morgan, who, when faced with a federal antitrust suit, admonished Theodore Roosevelt to "send your man to my man and they can fix it up." And here are the men who usurped their power, from the go-getters of the 1920s to the masters of the universe of the 1980s. Glittering with perception and anecdote, The Death of the Banker is at once a panorama of twentieth-century finance and a guide to the new era of giant mutual funds on Wall Street. "Chernow . . . delivers a sound, accessible account of the forces shaping capital, credit, currency, and securities markets on the eve of a new millennium. " --Kirkus Reviews

National Book Award winner Ron Chernow expertly traces the decline of the big bankers and the rise of small investors. The reader is taken on a fascinating tour of Anglo-American high finance over the past two centuries, with detours into Canadian, German and Japanese finance. As the point of departure for his colourful, panoramic survey, Mr. Chernow poses a historic riddle: Why did the great financial dynasties - the Rothschilds, Barings, Morgans and Warburgs - flare so brilliantly in the 19th and 20th centuries and then enter into a precipitous decline? Why did such heavyweights give way to more anonymous financial conglomerates? And, most curious of all, why have small investors, banded together in mutual funds, suddenly inherited the financial earth? The Death of the Banker shows how American reformers mounted a spirited campaign to pry captive companies loose from their traditional bankers and restored competition to financial markets. In a world criss-crossed by capital flows, the banker will never again exercise such spectacular but arbitrary rule over clients.

Revealing a history of mysterious deaths, shady characters, and moral and political tensions, exposes the inner workings of the Catholic Church to trace how the Vatican evolved from an institution of faith into an extremely wealthy corporate power. --Publisher's description.

"There have been two global financial crises in the past century: the Great Depression of the 1930s and the Great Recession that began in 2008. Both featured loose credit, precarious real estate and stock market bubbles, suspicious banking practices, an inflexible monetary system, and global imbalances; both had devastating economic consequences. In both cases, people in the prosperous decade preceding the crash believed they were living in a post-volatility economy, one that had tamed the cycle of boom and bust. When the global financial system began to totter in 2008, policymakers were able to draw on the lessons of the Great Depression in order to prevent a repeat, but their response was still inadequate to prevent massive economic turmoil on a global scale. In Hall of Mirrors, renowned economist Barry Eichengreen provides the first book-length analysis of the two crises and their aftermaths. Weaving together the narratives of the 30s and recent years, he shows how fear of another Depression greatly informed the policy response after the Lehman Brothers collapse, with both positive and negative results. On the positive side, institutions took the opposite paths that they had during the Depression; government increased spending and cut taxes, and central banks reduced interest rates, flooded the market with liquidity, and coordinated international cooperation. This in large part prevented the bank failures, 25% unemployment rate, and other disasters that characterized the Great Depression. But they all too often hewed too closely and too literally to the lessons of the Depression, seeing it as a mirror rather than focusing on the core differences. Moreover, in their haste to differentiate themselves from their forbears, today's policymakers neglected the constructive but ultimately futile steps that the Federal Reserve took in the 1930s. While the rapidly constructed policies of late 2008 did succeed in staving off catastrophe in the years after, policymakers, institutions, and society as a whole were too eager to get back to normal, even when that meant stunting the recovery via harsh austerity policies and eschewing necessary long-term reforms. The result was a grindingly slow recovery in the US and a devastating recession in Europe. Hall of Mirrors is not only a monumental work of economic history, but an essential exploration of how we avoided making only some of the same mistakes twice--and why our partial remedy makes us highly susceptible to making other, equally important mistakes yet again"--

Barack Obama’s inauguration as president on January 20, 2009, inspired the world. But the great promise of “Change We Can Believe In” was immediately tested by the threat of another Great Depression, a worsening war in Afghanistan, and an entrenched and deeply partisan system of business as usual in Washington. Despite all the coverage, the backstory of Obama’s historic first year in office has until now remained a mystery. In The Promise: President Obama, Year One , Jonathan Alter, one of the country’s most respected journalists and historians, uses his unique access to the White House to produce the first inside look at Obama’s difficult debut. What happened in 2009 inside the Oval Office? What worked and what failed? What is the president really like on the job and off-hours, using what his best friend called “a Rubik’s Cube in his brain?" These questions are answered here for the first time. We see how a surprisingly cunning Obama took effective charge in Washington several weeks before his election, made trillion-dollar decisions on the stimulus and budget before he was inaugurated, engineered colossally unpopular bailouts of the banking and auto sectors, and escalated a treacherous war not long after settling into office. The Promise is a fast-paced and incisive narrative of a young risk-taking president carving his own path amid sky-high expectations and surging joblessness. Alter reveals that it was Obama alone—“feeling lucky”—who insisted on pushing major health care reform over the objections of his vice president and top advisors, including his chief of staff, Rahm Emanuel, who admitted that “I begged him not to do this.” Alter takes the reader inside the room as Obama prevents a fistfight involving a congressman, coldly reprimands the military brass for insubordination, crashes the key meeting at the Copenhagen Climate Change conference, and bounces back after a disastrous Massachusetts election to redeem a promise that had eluded presidents since FDR. In Alter’s telling, the real Obama is an authentic, demanding, unsentimental, and sometimes overconfident leader. He adapted to the presidency with ease and put more “points on the board” than he is given credit for, but neglected to use his leverage over the banks and failed to connect well with an angry public. We see the famously calm president cursing leaks, playfully trash-talking his advisors, and joking about even the most taboo subjects, still intent on redeeming more of his promise as the problems mount. This brilliant blend of journalism and history offers the freshest reporting and most acute perspective on the biggest story of our time. It will shape impressions of the Obama presidency and of the man himself for years to come.

Discover how the global financial plague is poised to return, and what can be done to stop it This is not your father's financial system. Jimmy Stewart, the trustworthy, honest banker in the movie, It's a Wonderful Life, is dead. And so is his small-town bank, Bailey Savings & Loan.

"The Evolution of Central Banks" employs a wide range of historical evidence and reassesses current monetary analysis to argue that the development of non-profit-maximizing and noncompetitive central banks to supervise and regulate the commercial banking system fulfils a necessary and natural function.Goodhart surveys the case for free banking, examines the key role of the clearing house in the evolution of the central bank, and investigates bank expansion and fluctuation in the context of the clearing house mechanism. He concludes that it is the noncompetitive aspect of the central bank that is crucial to the performance of its role. Goodhart addresses the questions of deposit insurance and takes up the "club theory" approach to the central bank. Included in the historical study of their origins are 8 European central banks, the Bank of Japan, the Bank of England, and the Federal Reserve Board of the United States.Charles Goodhart was appointed to the newly established Norman Sosnow Chair of Banking and Finance at the London School of Economics in 1985. For the previous 17 years he served as a monetary economist at the Bank of England, becoming a Chief Adviser in 1980.

فى نهاية الخمسينات عثر الباحث الإقتصادى الأمريكى ديفيد لاندز على أرشيف سرى فى باريس يحتوى على مراسلات اثنين من كبار ممولى الخديوى اسماعيل الأجانب. وقد ألقت هذه المراسلات ضوءا جديدا على قصة النهب الأوروبى لثروة مصر فى عهد أسرة محمد على, والوصول بها إلى مرحلة الخراب ثم الإحتلال ...يحتوى الكتاب أيضا على دراسة للمترجم وهو المفكر اليسارى د. عبد العظيم أنيس - أحد رواد النضال الوطنى والتقدمى منذ الأربعينات - بعنوان : الخراب الحديث لمصر المحروسة

Isaias Hellman, a Jewish immigrant, arrived in California in 1859 with little money in his pocket and his brother Herman by his side. By the time he died, he had effectively transformed Los Angeles into the modern metropolis we see today. In Frances Dinkelspeil's groundbreaking history, the early days of California are seen through the life of a man who started out as a simple store owner only to become California's premier money man of the late 19th and early 20th centuries. Growing up as a young immigrant, Hellman quickly learned the use to which capital could be put, founding Los Angeles's Farmers and Merchants Bank, that city's first successful bank, and transforming Wells Fargo into one of the West's biggest financial institutions. He invested money with Henry Huntington to build trolley lines, lent Edward Doheny the funds that led him to discover California's huge oil reserves, and assisted Harrison Gray Otis in acquiring full ownership of the Los Angeles Times. Hellman led the building of Los Angeles's first synagogue, the Wilshire Boulevard Temple, helped start the University of Southern California, and served as Regent of the University of California. His influence, however, was not limited to Los Angeles. He controlled the California wine industry for almost 20 years, and after San Francisco's devastating 1906 earthquake and fire, calmed the financial markets there in order to help that great city rise from the ashes. With all of these accomplishments, Isaias Hellman almost single-handedly brought California into modernity --

In Banking on Baghdad, New York Times and international bestselling author Edwin Black chronicles the dramatic and tragic history of a land long the center of world commerce and conflict. Tracing the involvement of Western governments and militaries, as well as oil, banking, and other corporate interests, Black pinpoints why today, just as throughout modern history, the world needs Iraq's resources--and remains determined to acquire and protect them. Banking on Baghdad almost painfully documents the many ways Iraq's recent history mirrors its tumultuous past.

With the release of hundreds of damaging documents, a dark side of Switzerland's democracy has been unveiled. Switzerland is now seen as a nation of greedy bankers, collaborators with the Nazis, and robbers of the wealth of the victims of the Holocaust. Swiss Banks and Jewish Souls is a powerfully enlightening account of how a small and determined group of people from divergent backgrounds humbled the legendary Swiss financial empire to achieve a measure of justice for Holocaust survivors and their heirs, while shattering the myth of Swiss wartime neutrality. Rickman tells how a small group of people, none of them professional historians, pieced together a puzzle of unknown proportions and proceeded to dismantle the myth of Swiss innocence and victimization at the hands of the Nazis, and expose a fifty-year cover-up. Untold numbers of European Jews and others placed their funds in Swiss banks because they believed they offered a safe haven for funds which the Nazis were trying to control. What better place to put their money than in Switzerland? Swiss Banks and Jewish Souls discusses how investigative groups proved that Switzerland stole the money of the Jews and helped the Nazis to do the same. No one began with evidence and no one had a source of knowledge upon which to fall back. All they shared was a feeling that something was terribly wrong and that a great injustice had occurred. Propelled by this instinct, a U.S. Senator, the World Jewish Congress, a British Parliamentarian, the U.S. Holocaust Memorial Museum, and a handful of Holocaust survivors accomplished what the U.S., British, and French governments and a group of feuding Jewish organizations could not or would not do. As a result of this effort, how the world views Switzerland and how Switzerland views itself has been redefined. Most importantly, those who survived the Nazi horrors, only to be victimized again by the Swiss bankers, have now achieved some measure of justice, or at least financial compensation after more than fifty years.

With Three New Appendices. Few Jewish names in the history of Europe have attracted more fame, more conspiracy theories, rumors, and mystery than the name Rothschild. This biography, written by a leading Jewish historian, pulls no punches in telling the true story of the banking dynasty, once known as the "financiers of nations." Cutting through all the myths and exaggeration which have surrounded the Rothschilds, Five Men of Frankfort reveals how the four Rothschild sons spread throughout Europe-to London, Paris, Vienna, and Naples, to set up a banking network which inaugurated the system of moving money internationally through simultaneous deposits and withdrawals. British indebtedness to the Rothschilds for their help in defeating Napoleon was then exploited by getting the British government to persuade the other nations of Europe-including the Austrian, Prussian, and Russian governments-to start using the Rothschilds as bankers and as the providers of their national loans and debt. Although this book ends its narrative at the beginning of the nineteenth century, this new edition has three new appendices which reveal the full extent of the Rothschild business empire to the present day. These appendices reveal in an astonishing amount of detail how this Jewish family from Frankfort ended up loaning money to governments on five continents, and their role in modern-day financial transactions across the world. This book strips away the myths which surround the Rothschilds, and provides a sober assessment of why this banking house has become the foremost subject of conspiracy theories around the globe.

"Meltdown is the gripping account of the financial collapse that destroyed the West's investment banks, brought the global economy to its knees, and undermined three decades of neoliberal orthodoxy. Covering the development of the crisis from the economic front line, BBC Newsnight journalist Paul Mason explores the roots of the US and UK's financial hubris, documenting the real-world causes and consequences from the Ford factory, to Wall Street, to the City of London. In this fully updated new edition, he recounts how the credit crunch became a full-blown financial crisis, and explores its impact on capitalist ideology and politics in our new age of austerity."--P. [4] of cover.

Praise for Nazi Gold "A compelling book on one of the greatest robberies of all time." --Rabbi Marvin Heir, dean, Simon Wesenthal Center "Nazi Gold [is] a compelling, outraged, carefully researched book. . . Tom Bower, one of the finest investigative journalists in the English-speaking world over the past generation. . .is the ideal chronicler for this story. Over the past 20 years he has built up a track record second to none in documenting crimes and conspiracies that the Nazis and their collaborators were able to cover up or escape from in the decades after 1945. . .Riveting, outstanding." --Martin Sieff, Washington Times "Nazi Gold is an important book that uncovers much new material." --Saul Friendlunder, author of Nazi Germany and the Jews "Compelling reading." --Chicago Jewish Star "[A] sensational expose. . .Impressively revealing." --Dade Jewish Star Some Revelations form Nazi Gold In 1942 thousands of Jewish refugees fleeing a Nazi roundup of Jews in occupied France crossed the border into Switzerland seeking asylum but where forcibly pushed back to the waiting Gestapo by the Swiss police. Virtually all of them were immediately shipped to concentration camps. During the war thousands of Swiss willingly worked undercover for the German secret service and the Nazis. The Swiss accepted for deposit without question gold bullion looted by German from the treasuries of Austria, Czechoslovakia, Poland, Denmark, and Holland'countries they had conquered. The Swedes and the Portuguese, also neutrals, refused to accept the looted gold.

Banking and Finance Among Jews in Renaissance Italy is a historical book written by Yehiel Nissim Da Pisa. The book explores the role of Jews in the banking and finance industry during the Renaissance period in Italy. It examines the economic, social, and political conditions that led to the emergence of Jewish bankers and financiers in Italy and their impact on the economy of the region. The book provides a detailed account of the Jewish banking families and their business practices, including their involvement in international trade and the creation of credit networks. It also discusses the challenges faced by Jewish bankers, including anti-Semitic attitudes and discriminatory laws. Through extensive research and analysis of primary sources, Da Pisa offers a comprehensive understanding of the Jewish banking and finance industry in Renaissance Italy. The book is an essential read for anyone interested in the history of banking and finance, Jewish history, and the Renaissance period.Text Language Is English And Hebrew.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

As the first comprehensive treatment of Classical economics from a modern Austrian perspective, this important history of nineteenth century economic thought discusses the key members of each school and reassesses their work. Professor Rothbard's approach offers new perspectives on both Ricardo and Say and their followers. The author suggests that Ricardianism declined after 1820 and was only revived with the work of John Stuart Mill. The book also resurrects the important Anglo-Irish school of thought at Trinity College, Dublin under Archbishop Richard Whately. Later chapters focus on the roots of Karl Marx and the nature of his doctrines, and laissez-faire thought in France including the work of Frederic Bastiat. Also included is a comprehensive treatment of the bullionist versus anti-bullionist and the Currency versus banking School controversies in the first half of the nineteenth century, and their influence outside Great Britain. Tracing economic thought from Smith to Marx, this book is notable for its inclusion of all the important figures in each school of thought and for assessing their theories in religious, political, philosophical and historical context. Economic Thought before Adam Smith, the first volume of Professor Rothbard's history of economic thought from an Austrian perspective, is also available.

"The work is primarily the story of a company. It traces the Deutsche Bank's evolution into a big bank, its positioning as a foreign trade and 'industrial' bank, and also its big international financing projects in East Asia, the Ottoman Empire and America, with all their foreign policy implications during the German Empire. It describes the bank's situation and business policy from the period of high inflation after the First World War to the world economic and banking crisis at the end of the Weimar Republic. The company's activities under the National Socialist dictatorship and the treatment of Jewish staff and customers are looked at in the same detail as banking business during the Second World War. The book documents the splitting-up of the bank and its reamalgamation after 1945 under Allied occupation policy and its emergence as today's international financial conglomerate. Furthermore, it portrays the leading bank managers, the changes in staff as well as the new directions in organizational structure, and shows the company's position in the banking landscape at different points in time."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved