The Exchange Artist
A Tale of High-Flying Speculation and America's First Banking Collapse
By (author) Mary Ann Lippitt Professor of American History Jane Kamensky
Format: Paperback / softback
Exchange Artist by Mary Ann Lippitt Professor of American History Jane Kamensky
Book DescriptionThe 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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Book DetailsISBN: 9780143114901
Paperback / softback
(212mm x 138mm x 27mm)
Imprint: The Penguin Press
Publisher: Penguin Putnam Inc
Publish Date: 2-Sep-2011
Country of Publication: United States
Books By Author Mary Ann Lippitt Professor of American History Jane Kamensky
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Author Biography - Mary Ann Lippitt Professor of American History Jane Kamensky
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.
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