Summary of 100 Years of Wall Street

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100 Years of Wall Street book summary
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Rating

7 Overall

3 Applicability

6 Innovation

9 Style


Recommendation

Charles R. Geisst’s enjoyable book chronicles Wall Street in the 20th century. He effectively captures the feel of the various boom and bust periods. The clear, informative text is supplemented with incredible black and white photographs of each period’s key events and people, making it very evocative and intriguing. getAbstract recommends this book to anyone - not only someone in business - who wants to learn about Wall Street’s history. It would make a great gift for anyone who works in the financial industry or for a young person who is interested in how money works.

In this summary, you will learn

  • How investment groups formed in the ’20s manipulated stocks;
  • Why the government sold Treasury bonds directly to the public during World War II; and
  • Which three events in the ’80s caused one of the greatest ever bull runs.
 

About the Author

Charles R. Geisst’s previous book, Wall Street: A History, was a New York Times Business Bestseller in 1977. It was a selection of the History Book Club and the Book-of-the Month Club International. Geisst, formerly a capital markets analyst and investment banker in London, is also an experienced financial consultant for banks. The author of eleven other books, he has also published widely in professional journals and news magazines.

 

Summary

1900-1920
At the start of the twentieth century, the United States and Wall Street were optimistic. The country was emerging as a world leader in manufacturing, farming, and technological innovation. The Republican president, William McKinley, was sympathetic to big business. Following his assassination...

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