THE MASTERS OF CAPITAL - A Chronicle of Wall Street
Did you know that high finance could be "history" just as much as high politics?
John Moody in "The Masters of Capital" tells you just what Morgan, Carnegie, Rockefeller, Frick, Wall Street, the railway combines, the trusts, the "dollar a year men" during the war, the insurance gamblers, Standard Oil and the panic of 1907 meant in the history of the United States. This book deals mainly with the financing of industry; in the field of industry itself.
At the time this book was written, seven men in Wall Street controlled a great share of the fundamental industries and resources of the United States. Every year they and their successors controlled more. They dominated, with their allies and dependents, the national machinery for the making and holding of great corporate monopolies, into which a greater and greater part of the capital and business of the country would inevitably be drawn.
Three of these seven men — J. Pierpont Morgan, James J. Hill, and George F. Baker, head of the First National Bank of New York — belong to the so-called Morgan group: four of them -— John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff, of the private banking firm of Kuhn, Loeb & Co. — to the so-called Standard Oil-City Bank group.
Not one of these seven men ever invented a mechanical operation or created a great industry. They are one thing, and one only — makers and traders in monopoly, the oldest and most reliable makers of monopoly in America. They began work in widely separated fields when the movement toward monopoly began to shape itself, shortly before 1880: came together the two famous groups of monopoly makers in Wall Street; and since 1907 have been drawn closer and closer into one central group by the irresistible movement toward concentration in our industries.
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John Moody in "The Masters of Capital" tells you just what Morgan, Carnegie, Rockefeller, Frick, Wall Street, the railway combines, the trusts, the "dollar a year men" during the war, the insurance gamblers, Standard Oil and the panic of 1907 meant in the history of the United States. This book deals mainly with the financing of industry; in the field of industry itself.
At the time this book was written, seven men in Wall Street controlled a great share of the fundamental industries and resources of the United States. Every year they and their successors controlled more. They dominated, with their allies and dependents, the national machinery for the making and holding of great corporate monopolies, into which a greater and greater part of the capital and business of the country would inevitably be drawn.
Three of these seven men — J. Pierpont Morgan, James J. Hill, and George F. Baker, head of the First National Bank of New York — belong to the so-called Morgan group: four of them -— John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff, of the private banking firm of Kuhn, Loeb & Co. — to the so-called Standard Oil-City Bank group.
Not one of these seven men ever invented a mechanical operation or created a great industry. They are one thing, and one only — makers and traders in monopoly, the oldest and most reliable makers of monopoly in America. They began work in widely separated fields when the movement toward monopoly began to shape itself, shortly before 1880: came together the two famous groups of monopoly makers in Wall Street; and since 1907 have been drawn closer and closer into one central group by the irresistible movement toward concentration in our industries.
THE MASTERS OF CAPITAL - A Chronicle of Wall Street
Did you know that high finance could be "history" just as much as high politics?
John Moody in "The Masters of Capital" tells you just what Morgan, Carnegie, Rockefeller, Frick, Wall Street, the railway combines, the trusts, the "dollar a year men" during the war, the insurance gamblers, Standard Oil and the panic of 1907 meant in the history of the United States. This book deals mainly with the financing of industry; in the field of industry itself.
At the time this book was written, seven men in Wall Street controlled a great share of the fundamental industries and resources of the United States. Every year they and their successors controlled more. They dominated, with their allies and dependents, the national machinery for the making and holding of great corporate monopolies, into which a greater and greater part of the capital and business of the country would inevitably be drawn.
Three of these seven men — J. Pierpont Morgan, James J. Hill, and George F. Baker, head of the First National Bank of New York — belong to the so-called Morgan group: four of them -— John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff, of the private banking firm of Kuhn, Loeb & Co. — to the so-called Standard Oil-City Bank group.
Not one of these seven men ever invented a mechanical operation or created a great industry. They are one thing, and one only — makers and traders in monopoly, the oldest and most reliable makers of monopoly in America. They began work in widely separated fields when the movement toward monopoly began to shape itself, shortly before 1880: came together the two famous groups of monopoly makers in Wall Street; and since 1907 have been drawn closer and closer into one central group by the irresistible movement toward concentration in our industries.
John Moody in "The Masters of Capital" tells you just what Morgan, Carnegie, Rockefeller, Frick, Wall Street, the railway combines, the trusts, the "dollar a year men" during the war, the insurance gamblers, Standard Oil and the panic of 1907 meant in the history of the United States. This book deals mainly with the financing of industry; in the field of industry itself.
At the time this book was written, seven men in Wall Street controlled a great share of the fundamental industries and resources of the United States. Every year they and their successors controlled more. They dominated, with their allies and dependents, the national machinery for the making and holding of great corporate monopolies, into which a greater and greater part of the capital and business of the country would inevitably be drawn.
Three of these seven men — J. Pierpont Morgan, James J. Hill, and George F. Baker, head of the First National Bank of New York — belong to the so-called Morgan group: four of them -— John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff, of the private banking firm of Kuhn, Loeb & Co. — to the so-called Standard Oil-City Bank group.
Not one of these seven men ever invented a mechanical operation or created a great industry. They are one thing, and one only — makers and traders in monopoly, the oldest and most reliable makers of monopoly in America. They began work in widely separated fields when the movement toward monopoly began to shape itself, shortly before 1880: came together the two famous groups of monopoly makers in Wall Street; and since 1907 have been drawn closer and closer into one central group by the irresistible movement toward concentration in our industries.
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THE MASTERS OF CAPITAL - A Chronicle of Wall Street
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Product Details
| BN ID: | 2940014631792 |
|---|---|
| Publisher: | OGB |
| Publication date: | 06/26/2012 |
| Sold by: | Barnes & Noble |
| Format: | eBook |
| File size: | 432 KB |
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