Cover image for Wall Street : a history : from its beginnings to the fall of Enron
Wall Street : a history : from its beginnings to the fall of Enron
Geisst, Charles R.
Personal Author:
[Revised and expanded edition].
Publication Information:
Oxford ; New York : Oxford University Press, 2004.
Physical Description:
438 pages : illustrations ; 25 cm
General Note:
"First published by Oxford University Press, Inc., 1997." -- verso t.p.

Edition statement from jacket.
The early years (1790-1840) -- The railroad and Civil War eras (1840-70) -- The robber barons (1870-90) -- The age of the trusts (1880-1910) -- The money trust (1890-1920) -- The booming twenties (1920-29) -- Wall Street meets the New Deal (1930-35) -- The struggle continues (1936-54) -- Bull market (1954-69) -- Bear market (1970-81) -- Mergermania (1982-97) -- Running out of steam (1998- ).
Reading Level:
1280 Lexile.
Corporate Subject:

Format :


Call Number
Material Type
Home Location
Item Holds
HG4572 .G4 2004 Adult Non-Fiction Non-Fiction Area
HG4572 .G4 2004 Adult Non-Fiction Non-Fiction Area

On Order



In the seven years since the publication of the first edition of Wall Street, America's financial industry has undergone a series of wrenching events that have dramatically changed the nation's economic landscape. The bull market of the 1990's came to a close, ushering in the end of the dotcom boom, a record number of mergers occurred, and accounting scandals in companies like Enron and WorldCom shook the financial industry to its core. In this wide-ranging volume, financial historian Charles Geisst provides the first history of Wall Street, explaining how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. In this updated edition, Geisst sums up the recent turbulencethat has threatened America's financial industry. He shows how in 1997 thirty NASDAQ market makers paid a record $1.3 billion fine for price irregularities in stocks. He makes sense of the closing of the bull market, and explains a major change in the accounting rules for mergers that causedmonumental losses for companies like AOL Time Warner. And he recounts how in the aftermath of the speculative fever that swept Wall Street in the 1990's, the scandals at Enron, Tyco, Worldcom, and Conseco represent a last gasp of mergermania and a fallout from a bubble-like market. Wall Street is at once the story of the street itself, from the days when the wall was merely a defensive barricade built by Peter Stuyvesant, to the modern billion-dollar computer-driven colossus of today. In a broader sense it is an engaging economic history of the United States, the role WallStreet played in making America the most powerful economy in the world, and the many challenges to that role it has faced in recent years.

Author Notes

Charles R. Geisst is Professor of Finance in the School of Business, Manhattan College.

Table of Contents

Prefacep. ix
Introductionp. 3
1 The Early Years (1790-1840)p. 7
2 The Railroad and Civil War Eras (1840-70)p. 35
3 The Robber Barons (1870-90)p. 64
4 The Age of the Trusts (1880-1910)p. 99
5 The Money Trust (1890-1920)p. 124
6 The Booming Twenties (1920-29)p. 152
7 Wall Street Meets the New Deal (1930-35)p. 196
8 The Struggle Continues (1936-54)p. 244
9 Bull Market (1954-69)p. 273
10 Bear Market (1970-81)p. 299
11 Mergermania (1982-97)p. 328
12 Running Out of Steam (1998- )p. 375
Notesp. 403
Bibliographyp. 417
Indexp. 425