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Cover image for Wheels of fortune : the history of speculation from scandal to respectability
Title:
Wheels of fortune : the history of speculation from scandal to respectability
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ISBN:
9780471479734

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30000010074814 HG6024.U6 G44 2002 Open Access Book Advance Management
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Summary

Summary

An intriguing history of the futures market and speculation
From Jay Gould's attempt to corner the gold market in the 1860s to the Hunt brothers' scandalous efforts to control the silver market in the 1980s, Wheels of Fortune traces the rich, colorful history of the futures market on its quest for respectability and profit. This comprehensive account shows readers why the markets have been grabbing headlines for over 100 years as both respectable economic institutions and hotbeds of gambling activity and scandal. Charles Geisst brings the personalities and strategies behind the futures market and speculation in general to life, against a backdrop of American life that begins prior to the Civil War.


Author Notes

Charles R. Geisst is the author of fourteen books, Previously, he worked as a capital markets analyst and investment banker and has taught both political science and finance. He has contributed to many journals and newspapers, including the International Herald Tribune, Neue Zurcher Zeitung, and The Wall Street Journal, and has appeared as a guest on many radio and television financial programs


Table of Contents

Acknowledgmentsp. vi
Introductionp. vii
Chapter 1 A Tale of the Pitsp. 1
Chapter 2 Futures and "Wild Jackasses"p. 49
Chapter 3 The Great Bear Huntp. 99
Chapter 4 Expanding the Menup. 143
Chapter 5 Metals and Moneyp. 187
Chapter 6 Chicago Folliesp. 243
Chapter 7 Rogues' Galleryp. 297
Postscriptp. 353
Bibliographyp. 355
Indexp. 361
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