Summary of The Dark Genius of Wall Street

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The Dark Genius of Wall Street book summary
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Rating

9 Overall

7 Importance

7 Innovation

9 Style

Recommendation

This biography of Wall Street baron Jay Gould is in some ways a primer on how American media and public opinion seem to demonize capitalists who succeed at doing what capitalists are wont to do, namely, making money. Of course, Gould was no ordinary capitalist. His ruthless tactics gave his enemies a big target to dislike. After all, when you single-handedly create an investment bubble that leads to a crash in the price of gold, resulting in congressional hearings aimed at placing blame, you expect to make a few enemies. Veteran biographer Edward J. Renehan paints a fair, nuanced and colorful portrait of Gould, whose manic focus on business success probably was driven by his tragic childhood. getAbstract strongly recommends this book, especially to students of business history, in the belief that it offers a more in-depth record about an extraordinary and extraordinarily flawed man who was vilified in his time.

In this summary, you will learn

  • Why Jay Gould was one of American history's most successful and notorious businessmen;
  • How he manipulated people and the law to get what he wanted;
  • What traits shaped him; and
  • How he was vilified for his ruthless drive for wealth.
 

About the Author

Edward J. Renehan, Jr., is the author of more than half a dozen books including The Kennedys at War, The Secret Six and John Burroughs: An American Naturalist. He contributes to various publications and has appeared on C-SPAN and PBS.

 

Summary

A Business Prodigy
In Albany, N.Y., in August 1853, an attorney and political insider named Hamilton Harris received a visit from the principals of the Shakersville Road Corporation. Someone who "appeared to be a small boy, dark-eyed and dark-haired" accompanied the businessmen...

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