The Exchange Artist-History and Archaeology-買書書 BuyBookBook
The Exchange Artist-History and Archaeology-買書書 BuyBookBook

The Exchange Artist

A Tale of High-Flying Speculation and America's First Banking Collapse

Jane Kamensky (Author) ... more
Edition: US - Paperback / softback
Price:
HK$114.00 HK$170.00
Stock:
Out of stock
Product Info
English • Age Adult - Adult
464 pages • 5.5 x 8.4 x 0.94 in
Approx. weight: 0.93 lb
Publication date: 30 Dec,2008
Barcode: 9780143114901 • Penguin Publishing Group : Penguin Books
More books in English for Age Adult - Adult
History and Archaeology
  • History of the Americas
  • Biography: business and industry
  • Banking

Description

By: Jane Kamensky  
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.

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