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Every Man a Speculator: A History of Wall Street in American Life
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Every Man a Speculator: A History of Wall Street in American Life

3.16 of 5 stars 3.16  ·  rating details  ·  31 ratings  ·  7 reviews
For more than two hundred years, Americans have enjoyed a love-hate relationship with Wall Street. Long an object of suspicion and fear, it eventually came to be seen as a more inviting place, an open road to wealth and freedom. Peeling away the layers of myth surrounding this fabled street, Steve Fraser shows that the remarkable transformation of Wall Street as a cultural ...more
Hardcover, 752 pages
Published February 1st 2005 by Harper
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Arminius
This book gives a detailed account of the American public’s opinion of Wall Street. It references a lot of books of the various times during the country’s investment fever. When it was hated by the many from Alexander Hamilton’s bank funding notes and when it was revered by the many during the 1920’s. It speaks of people who made riches off of speculation, like Vanderbilt, and how the commoner viewed this kind of living as not an honest one because it did not work in a field with its hands. Anti ...more
Edward
The book was written in 2005, before the crash of 2008, so I was interested to see if the author, Steve Frazer,had any inkling of what was coming. Surprisingly, he suggested some warning signs – American optimism is boundless, in its enthusiasm for the “shareholder nation” and the quick recovery of the markets after 2000 was not brought about by any systemic changes; rather it was the same old bubble where everyone wanted to get in on the good times and easy money. In the last paragraph, he writ ...more
Curtis
Jan 17, 2009 Curtis rated it 5 of 5 stars
Recommends it for: everyone
Shelves: economics
Excellent History of Wall Street Most Notable for Its Exquisite Detail, Breadth and Coverage of America's Early Years., January 17, 2009
By C. Chambers "Americanreviewer"

http://curtischambers.blogspot.com/

Mr. Fraser has written a detailed and intimately researched tomb covering the history of Wall Street back to its earliest beginnings. This book is similar in theme to Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics), Devil Take the Hindmost: A History of
...more
Diane C.

I'm not sure why alot of people had an averse reaction to this book. It's dense,enthustiastic and yes, a bit repetitive (I think the author wants us to remember certain events and people). But also an eye opener about Wall Street and it's history. You'll experience a great deal of deja vu reading about the 19th century with it's booms and busts.

It's a great book. How else would I have known that the federal government had to bail out some of the railroads after wild speculation, and practically
...more
Definitelydennis
done with this book.

Steps to write a book:
1. Have an idea
2. Do research
3. Organize research
4. Choose important parts of research.
5. Write book.

The author skipped step 4, and just wrote what feels like a never ending list of chronological facts with no end in sight and no cohesion or overall purpose.

This book is too dense to be read, but too unsearchable to be used for research.
Scott Sipprelle
A useful reminder that the scoudrels and scams of yesteryear are history's echo of Bernie and the Crash of 2009. Book was a little dense and tutorialish, but a good compendium of Wall Street history nonetheless.
Steven
Jun 26, 2009 Steven is currently reading it  ·  review of another edition
So far this guy is using every word he can find in the thesaurus...I say just craft things using good old standard English and tell better stories if you want people to listen to your story. But that's just me
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