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OverviewOnce in Golconda ""In this book, John Brooks-who was one of the most elegant of all business writers-perfectly catches the flavor of one of history's best-known financial dramas: the 1929 crash and its aftershocks. It's packed with parallels and parables for the modern reader."" -From the Foreword by Richard Lambert Editor-in-Chief, The Financial Times Once in Golconda is a dramatic chronicle of the breathtaking rise, devastating fall, and painstaking rebirth of Wall Street in the years between the wars. Focusing on the lives and fortunes of some of the era's most memorable traders, bankers, boosters, and frauds, John Brooks brings to vivid life all the ruthlessness, greed, and reckless euphoria of the '20s bull market, the desperation of the days leading up to the crash of '29, and the bitterness of the years that followed. Praise for Once in Golconda ""A fast-moving, sophisticated account.embracing the stock-market boom of the twenties, the crash of 1929, the Depression, and the coming of the New Deal. Its leitmotif is the truly tragic personal history of Richard Whitney, the aristocrat Morgan broker and head of the Stock Exchange, who ended up in Sing Sing."" -Edmund Wilson, writing in the New Yorker ""As Mr. Brooks tells this tale of dishonor, desperation, and the fall of the mighty, it takes on overtones of Greek tragedy, a king brought down by pride. Whitney's sordid history has been told before..But in Mr. Brooks's hands, the drama becomes freshly shocking."" -Wall Street Journal ""It's all there in Once in Golconda-the avarice of an era that favored the rich; and the later anguish of myriads of speculators doomed by a bloated market, easy credit, and their own cupidity and stupidity."" -Saturday Review Full Product DetailsAuthor: John BrooksPublisher: John Wiley & Sons Inc Imprint: John Wiley & Sons Inc Edition: New edition Dimensions: Width: 14.30cm , Height: 2.30cm , Length: 22.00cm Weight: 0.510kg ISBN: 9780471357537ISBN 10: 0471357537 Pages: 320 Publication Date: 11 November 1999 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsOverture: The Outrage. Ticker Tyranny. The Almost Aristocracy. So Near the Apes. Things Fall Apart. Enter the White Knight. Gold Standard on the Booze. Ordeal in Washington. The White Knight Unhorsed. Rising Action. Catastrophe. Denouement. Acknowledgments. Sources. Index.ReviewsEver since the first storyteller told of a poor but shrewd peasant finagling a royal fortune away from an overconfident king and his negligent Viziers, people everywhere have been willing to listen or read variations of the archetype. Mr. Brooks, a superb anecdotalist, has made just such a story of Wall Street between the World Wars. He's personalized the story that economists have tried to tell through obscure figures and more formal historians have outlined in terms of political/financial-action/reaction. Adroit sketches of the men behind the unbridled manipulation of the nation's money during this period allow Brooks to show the social, as well as the political and economic, aspects of the N. Y. Stock Exchange. This story's shrewd peasants are the emerging Irish-American plungers and those from the German Jewish-American investment houses, who were permitted to play but carefully kept off the clubby committees through which the government allowed Exchange members to regulate themselves. The king is Morgan and the viziers are the fine old American stock brokers and lawyers who saw themselves as the natural equals (and perhaps betters) of statesmen. And, the grandest, gaudiest vizier of all was Richard Whitney, whose rise to the presidency of the Exchange and fall to prison for dealing-and-stealing rivals a fable for poetic justice. His career is traced throughout the eighteen years; its end signalled the government's searchlights and brooms in our Golconda (the diamond center of old India where all men were said to be able to get rich). Big Board nonfiction headed for a big, non-bored readership. (Kirkus Reviews) Author InformationJOHN BROOKS was an award-winning New Yorker staff writer and author of several critically acclaimed explorations of business and Wall Street. Besides Once in Golconda, these include The Go-Go Years (Wiley), The Games Players, Business Adventures, and The Fate of the Edsel. Yale Law Journal said of him, ""John Brooks . may well be the best historian of high and low finance since . Charles Francis Adams and his brother Henry chronicled the rascalities of Jim Fisk, Jay Gould, Daniel Drew, and Cornelius Vanderbilt more than a century ago."" Tab Content 6Author Website:Countries AvailableAll regions |
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