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Author: Ann Fabian
Publisher: Routledge
ISBN: 113668557X
Category : History
Languages : en
Pages : 265
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Book Description
In a highly readable work that engages topics in American cultural, social and business history, Ann Fabian details the place of gambling in industrializing America. Card Sharps and Bucket Shops investigates the relationship between gambling and other ways of making profit, such as speculation and land investment, which became entrenched during the nineteenth century. While all these undertakings ran counter to deeply ingrained American--and Protestant--work ethics, only gambling took on a stigma that made other efforts to acquire wealth socially acceptable. Fabian considers here the reformers who sought to ban gambling; psychological explanations for the deviant gambler; numbers games in the African American community; and efforts by speculators to draw distinctions between their own activities and gambling. She combines first-rate cultural analysis with rigorous research, and along the way provides a wealth of colorful details, characters and anecdotes.
Author: Ann Fabian
Publisher: Routledge
ISBN: 113668557X
Category : History
Languages : en
Pages : 265
Get Book Here
Book Description
In a highly readable work that engages topics in American cultural, social and business history, Ann Fabian details the place of gambling in industrializing America. Card Sharps and Bucket Shops investigates the relationship between gambling and other ways of making profit, such as speculation and land investment, which became entrenched during the nineteenth century. While all these undertakings ran counter to deeply ingrained American--and Protestant--work ethics, only gambling took on a stigma that made other efforts to acquire wealth socially acceptable. Fabian considers here the reformers who sought to ban gambling; psychological explanations for the deviant gambler; numbers games in the African American community; and efforts by speculators to draw distinctions between their own activities and gambling. She combines first-rate cultural analysis with rigorous research, and along the way provides a wealth of colorful details, characters and anecdotes.
Author: Ann Fabian
Publisher: Routledge
ISBN: 1136685642
Category : History
Languages : en
Pages : 270
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Book Description
In a highly readable work that engages topics in American cultural, social and business history, Ann Fabian details the place of gambling in industrializing America. Card Sharps and Bucket Shops investigates the relationship between gambling and other ways of making profit, such as speculation and land investment, which became entrenched during the nineteenth century. While all these undertakings ran counter to deeply ingrained American--and Protestant--work ethics, only gambling took on a stigma that made other efforts to acquire wealth socially acceptable. Fabian considers here the reformers who sought to ban gambling; psychological explanations for the deviant gambler; numbers games in the African American community; and efforts by speculators to draw distinctions between their own activities and gambling. She combines first-rate cultural analysis with rigorous research, and along the way provides a wealth of colorful details, characters and anecdotes.
Author: Ann Fabian
Publisher: Ithaca : Cornell University Press
ISBN:
Category : Games & Activities
Languages : en
Pages : 272
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Book Description
Author: Ann Fabian
Publisher: Ithaca : Cornell University Press
ISBN:
Category : Games & Activities
Languages : en
Pages : 272
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Book Description
Author: Stuart Banner
Publisher: Oxford University Press
ISBN: 0190623047
Category : Business & Economics
Languages : en
Pages : 353
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Book Description
What is the difference between a gambler and a speculator? Is there a readily identifiable line separating the two? If so, is it possible for us to discourage the former while encouraging the latter? These difficult questions cut across the entirety of American economic history, and the periodic failures by regulators to differentiate between irresponsible gambling and clear-headed investing have often been the proximate causes of catastrophic economic downturns. Most recently, the blurring of speculation and gambling in U.S. real estate markets fueled the 2008 global financial crisis, but it is one in a long line of similar economic disasters going back to the nation's founding. In Speculation, author Stuart Banner provides a sweeping and story-rich history of how the murky lines separating investment, speculation, and outright gambling have shaped America from the 1790s to the present. Regulators and courts always struggled to draw a line between investment and gambling, and it is no easier now than it was two centuries ago. Advocates for risky investments have long argued that risk-taking is what defines America. Critics counter that unregulated speculation results in bubbles that always draw in the least informed investors-gamblers, essentially. Financial chaos is the result. The debate has been a perennial feature of American history, with the pattern repeating before and after every financial downturn since the 1790s. The Panic of 1837, the speculative boom of the roaring twenties, and the real estate bubble of the early 2000s are all emblematic of the difficulty in differentiating sober from reckless speculation. Even after the recent financial crisis, the debate continues. Some, chastened by the crash, argue that we need to prohibit certain risky transactions, but others respond by citing the benefits of loosely governed markets and the dangers of over-regulation. These episodes have generated deep ambivalence, yet Americans' faith in investment and - by extension - the stock market has always rebounded quickly after even the most savage downturns. Indeed, the speculator on the make is a central figure in the folklore of American capitalism. Engaging and accessible, Speculation synthesizes a suite of themes that sit at the heart of American history - the ability of courts and regulators to protect ordinary Americans from the ravages of capitalism; the periodic fallibility of the American economy; and - not least - the moral conundrum inherent in valuing those who produce goods over those who speculate, and yet enjoying the fruits of speculation. Banner's history is not only invaluable for understanding the fault lines beneath the American economy today, but American identity itself.
Author: Jonathan Levy
Publisher: Harvard University Press
ISBN: 0674071123
Category : Business & Economics
Languages : en
Pages : 425
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Book Description
Until the early nineteenth century, “risk” was a specialized term: it was the commodity exchanged in a marine insurance contract. Freaks of Fortune tells the story of how the modern concept of risk emerged in the United States. Born on the high seas, risk migrated inland and became essential to the financial management of an inherently uncertain capitalist future. Focusing on the hopes and anxieties of ordinary people, Jonathan Levy shows how risk developed through the extraordinary growth of new financial institutions—insurance corporations, savings banks, mortgage-backed securities markets, commodities futures markets, and securities markets—while posing inescapable moral questions. For at the heart of risk’s rise was a new vision of freedom. To be a free individual, whether an emancipated slave, a plains farmer, or a Wall Street financier, was to take, assume, and manage one’s own personal risk. Yet this often meant offloading that same risk onto a series of new financial institutions, which together have only recently acquired the name “financial services industry.” Levy traces the fate of a new vision of personal freedom, as it unfolded in the new economic reality created by the American financial system. Amid the nineteenth-century’s waning faith in God’s providence, Americans increasingly confronted unanticipated challenges to their independence and security in the boom and bust chance-world of capitalism. Freaks of Fortune is one of the first books to excavate the historical origins of our own financialized times and risk-defined lives.
Author: Nan Goodman
Publisher: Routledge
ISBN: 1136693416
Category : History
Languages : en
Pages : 214
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Book Description
When someone gets hurt in an accident we reflexively ask a set of questions which ultimately comes down to who was blameworthy? Yet early nineteenth-century Americans were entirely, and to the modern reader, astonishingly, uninterested in this line of reasoning. Their concern was whether an accident had happened and not why. Nan Goodman takes this transformation in legal and popular thought about the nature of accidents as a starting point for a broad inquiry into changing conceptions of individual agency-and ultimately of self-in industrializing America. Goodman looks to both conventional historical sources and the literary depiction of accidents in the work of Mark Twain, Stephen Crane, Charles Chesnutt, and others to explain the new ways that Americans began to make sense of the unplanned.
Author: Patricia Cline Cohen
Publisher: Routledge
ISBN: 1134958889
Category : History
Languages : en
Pages : 286
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Book Description
Now back in print, A Calculating People reveals how numeracy profoundly shaped the character of society in the early republic and provides a wholly original perspective on the development of modern America.
Author: Amy Reading
Publisher: Vintage
ISBN: 0307473597
Category : True Crime
Languages : en
Pages : 306
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Book Description
In 1919, Texas rancher J. Frank Norfleet lost everything he had in a stock market swindle—twice. But instead of slinking home in shame, he turned the tables on the confidence men. Armed with a revolver and a suitcase full of disguises, Norfleet set out to capture the five men who had conned him, allowing himself to be ensnared in the con again and again to gather evidence on his enemies. Through the story of Norfleet’s ingenious reverse-swindle, Amy Reading reveals the fascinating mechanics behind the big con—an artful performance targeted to the most vulnerable points of human nature—and invites you into the crooked history of a nation on the hustle, constantly feeding the hunger and the hope of the mark inside.
Author: George Robb
Publisher: University of Illinois Press
ISBN: 0252099745
Category : Social Science
Languages : en
Pages : 400
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Book Description
Long overlooked in histories of finance, women played an essential role in areas such as banking and the stock market during the late nineteenth and early twentieth centuries. Yet their presence sparked ongoing controversy. Hetty Green’s golden touch brought her millions, but she outraged critics with her rejection of domesticity. Progressives like Victoria Woodhull, meanwhile, saw financial acumen as more important for women than the vote. George Robb’s pioneering study explores the financial methods, accomplishments, and careers of three generations of women. Plumbing sources from stock brokers’ ledgers to media coverage, Robb reveals the many ways women invested their capital while exploring their differing sources of information, approaches to finance, interactions with markets, and levels of expertise. He also rediscovers the forgotten women bankers, brokers, and speculators who blazed new trails--and sparked public outcries over women’s unsuitability for the predatory rough-and-tumble of market capitalism. Entertaining and vivid with details, Ladies of the Ticker sheds light on the trailblazers who transformed Wall Street into a place for women’s work.
