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Investigates investment banking industry practices and interlocking management arrangements between commercial banks and investment banking firms.
A biography of a Polish immigrant who rose to the top of Wall Street in the Roaring Twenties and abandoned it after the Crash.
A haunting portrait of one of the most fascinating and influential figures of the mid-twentieth century, this biography takes a penetrating look at James Forrestal's life and work. Brilliant, ambitious, glamorous, yet a perpetual outsider, Forrestal forged a career that took him from his working-class origins to the social and financial stratosphere of Wall Street, and from there to policy making in Washington. As secretary of the navy during World War II, he was the principal architect in transforming an obsolescent navy into the largest, most formidable naval force in history. After the war, as the nation's first secretary of defense, he played a major role in shaping the anti-Communist consensus that sustained the U.S. policy of containment during the Cold War. Despite his many achievements, Forrestal's life ended in tragedy with his suicide in 1949. This absorbing study not only takes an understanding look at the many-sided man but presents an authoritative history of the great but troubled years of America's rise to world primacy. Winner of the 1992 Roosevelt Naval History Prize, the book enjoyed wide acclaim when first published and is now considered a definitive work.
A Foreign Affairs Best Book of the Year “This absolutely splendid book is a triumph on every level. A first-rate history of the United States, it is beautifully written, deeply researched, and filled with entertaining stories. For anyone who wants to see our democracy flourish, this is the book to read.” —Doris Kearns Goodwin To all who say our democracy is broken—riven by partisanship, undermined by extremism, corrupted by wealth—history offers hope. Democracy’s nineteen cases, honed in David Moss’s popular course at Harvard and taught at the Library of Congress, in state capitols, and at hundreds of high schools across the country, take us from Alexander Hamilton’s debates in the run up to the Constitutional Convention to Citizens United. Each one presents a pivotal moment in U.S. history and raises questions facing key decision makers at the time: Should the delegates support Madison’s proposal for a congressional veto over state laws? Should Lincoln resupply Fort Sumter? Should Florida lawmakers approve or reject the Equal Rights Amendment? Should corporations have a right to free speech? Moss invites us to engage in the passionate debates that are crucial to a healthy society. “Engagingly written, well researched, rich in content and context...Moss believes that fierce political conflicts can be constructive if they are mediated by shared ideals.” —Glenn C. Altschuler, Huffington Post “Gives us the facts of key controversies in our history—from the adoption of the constitution to Citizens United—and invites readers to decide for themselves...A valuable resource for civic education.” —Michael Sandel, author of Justice