The Exchange Artist

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

By:

Jane Kamensky

Format:

Paperback / softback

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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.

Author Biography:

Jane Kamensky teaches history at Brandeis University. She is the author of Governing the Tongue: The Politics of Speech in Early New England and The Colonial Mosaic: American Women, 1600-1760. She is a consultant and on-camera expert for documentaries shown on PBS and The History Channel, and has made appearances on National Public Radio and the Canadian Broadcasting Corporation. In 2000, she co-founded Common-place (www.common-place.org), an award-winning online journal that she co-edited from 2000 to 2004. She lives in Cambridge with her husband and two children.

Release date Australia

December 30th, 2008

Author

Jane Kamensky

Audience

General (US: Trade)

Pages

464

Dimensions

140x213x24

ISBN-13

9780143114901

Product ID

3271001

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