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The Exchange Artist: A Tale of High-Flying Speculation and America's First Banking Collapse
Contributor(s): Kamensky, Jane (Author)

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 ISBN: 0143114905     ISBN-13: 9780143114901
Publisher: Penguin Adult Hc/Tr
OUR PRICE: $22.80  

Binding Type: Paperback - See All Available Formats & Editions
Published: January 2009
Qty:

Annotation: Kamensky presents the startling story of an early American dreamer whose wily schemes made him a founding father of speculative capitalism. 40 b&w illustrations.
Additional Information
BISAC Categories:
- History | United States - 19th Century
- Business & Economics | Economic History
- Business & Economics | Banks & Banking
Dewey: 307.764
Age Level: 18-UP
Grade Level: 13-UP
Physical Information: 1.05" H x 5.44" W x 8.36" L (0.91 lbs) 464 pages
Themes:
- Chronological Period - 18th Century
- Chronological Period - 1800-1850
- Chronological Period - 19th Century
Features: Bibliography, Illustrated, Index, Maps, Price on Product
Awards: George Washington Book Prize, Finalist, History, 2009
 
Descriptions, Reviews, Etc.
Publisher Description:
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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