The Exchange Artist

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

Business & Finance, Finance & Investing, Banks & Banking, Biography & Memoir, Business, Nonfiction, History, Americas, United States, 19th Century
Cover of the book The Exchange Artist by Jane Kamensky, Penguin Publishing Group
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Author: Jane Kamensky ISBN: 9781101202777
Publisher: Penguin Publishing Group Publication: January 24, 2008
Imprint: Penguin Books Language: English
Author: Jane Kamensky
ISBN: 9781101202777
Publisher: Penguin Publishing Group
Publication: January 24, 2008
Imprint: Penguin Books
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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