Capital of Capital: Money, Banking, and Power in New York City, 1784-2012 (Columbia Studies in the History of U.S. Capitalism)

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From Revolutionary Era bank notes to the 2008 financial collapse, Capital of Capital explores how New York City gave rise to a banking industry that in turn made the American and world economies. Capital of Capital also examines the frequently contentious evolution of the banking business, its role in making New York City an international economic center, and its influence on America's politics, society, and culture.

Based on a major exhibition at the Museum of the City of New York,
Capital of Capital features the key leaders of banking, including Alexander Hamilton and J. P. Morgan, as well as its critics, such as Louis Brandeis and the Occupy Wall Street protesters. The book also covers the major events and controversies that have shaped the history of banking and includes a fascinating array of primary materials ranging from antebellum bank notes and ledgers to early credit cards and advertisements. Lavishly illustrated, Capital of Capital provides a multifaceted, original understanding of the profound impact of banking on the life of New York City and the world's economy.

Editorial Reviews

Review

Anyone interested in exploring how Manhattan came to rule the nation's, then the world's, banking system should tread the trail expertly blazed by Capital of Capital, which is as beautifully written as it is exquisitely illustrated. -- Robert E. Wright, Nef Family Chair of Political Economy, Augustana College SD, author of Bailouts: Public Money, Private Profit

This lively, judicious treatment illuminates the mysteries and controversies surrounding Wall Street while ably conveying its impact on modern life. ―
Publishers Weekly

The book... includes a fascinating array of primary materials ranging from antebellum bank notes and ledgers to early credit cards and advertisements. Lavishly illustrated,
Capital of Capital provides a multifaceted, original understanding of the profound impact of banking on the life of New York City and the world's economy. ― Capital Spectator

The authors trace the trajectory of high finance in the city, the effect of regulation from Albany and Washington and the influence banks have wielded. -- Sam Roberts ―
New York Times

Wonderful... Highly recommended. ―
CHOICE

Visually stunning.... comprehensive and insightful.... [
Capital of Capital] should prove of great use to scholars and students interested in the history of capitalism as well as the history of New York. -- Jonathan D. Cohen ― New York History

About the Author

Steven H. Jaffe is a writer and historian who received his Ph.D. in history from Harvard University and has worked at the Museum of the City of New York, the New-York Historical Society, and the South Street Seaport Museum. He is the author of New York at War: Four Centuries of Combat, Fear, and Intrigue in Gotham.

Jessica Lautin is an assistant curator at the Museum of the City of New York, where she was part of the curatorial team for the exhibition on which the book is based and local curator of
Designing Tomorrow: America's World's Fairs of the 1930s. She received her Ph.D. in history from the University of Pennsylvania.

Review:

4.0 out of 5

80.00% of customers are satisfied

5.0 out of 5 stars Fine Historical Overview of the Development of New York as Global Banking Center

V.L.B. · September 4, 2014

Great history and graphics for those interested in New York's rise to become one of the world's great planetary banking hubs. What I particularly like is that the Authors assume total financial ignorance on the part of the reader in that they define every term but one never feels patronized by this approach. Superb overview for both the those fluent in banking concepts and history as well as those readers wanting a fine introduction to the history of the modern world banking arena with New York as the observation tower for viewing the US and the globe. It leaves you with the good feeling you get after visiting a great museum. Well done!

2.0 out of 5 stars Unfinished sentences on 4 pages, so far.

Z. · March 1, 2021

I’m at page 56. So far, at the bottom of 4 pages, a sentence is not completed at the top of the facing page. Once, the top of the next page, a different sentence begins mid-sentence. A new reading experience. Fortunately, I bought my copy for less than $2. Even so, all positive reviews of the book are accurate, but I do wonder, is my copy unique?

5.0 out of 5 stars You Can Take This to the Bank!

T. · August 7, 2014

If money and banking is of interest to you, and it probably is or else you wouldn't be considering this book, let me assure you that this is a marvelous book. I love to read about finance and related subjects, so this book caught my eye (in the interest of full disclosure, I checked it out from the Delaware library system. If I bought all the books I wanted to read, I'd be broke!). It is a clear, concise, very readable account of the New York banks from the very earliest days. Also a bit different from most books of this nature, it's set up more like a textbook, with some pages having double columns of text, and there are lots of visuals throughout that adds a lot to the story. It was kind of neat to be reading about the greenback dollars of the Civil War and at the same time have a photograph of an actual greenback. Also scattered throughout the book are sidebar stories that are very interesting (they are printed on light green paper) that relate to the main text. I highly recommend this book, I enjoyed it very much, and even learned a thing or two!

Capital of Capital: Money, Banking, and Power in New York City, 1784-2012 (Columbia Studies in the History of U.S. Capitalism)

4.3

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