The Death of the Banker - Softcover

Chernow, R

 
9780712666466: The Death of the Banker

Synopsis

The reader is taken on a fascinating tour of Anglo-American high finance over the past two centuries, with detours into Canadian, German and Japanese finance. As the point of departure for his colourful, panoramic survey, Ron Chernow poses a historic riddle: Why did the great financial dynasties - the Rothschilds, Barings, Morgans and Warburgs - flare so brilliantly in the 19th and 20th centuries and then enter into a precipitous decline? Why did such heavyweights give way to more anonymous financial conglomerates, And, most curious of all, why have small investors, banded together in mutual funds, suddenly inherited the financial earth?

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From the Back Cover

For the past decade, I have been intrigued by the conundrum of why the storied financial dynasties - the Rothschilds, Morgans, Barings, Warburgs et al. - flared so brilliantly at a certain historic juncture, then fell into eclipse. Why were their historic moments so spectacular but brief?...I take their demise as my starting-point for a panoramic survey of the world of high finance during the past two centruries. For all their majesty, the financial dynasties have been canaries in the coal mine, telling us much about unseen forces at work in the capital markets.' Ron Chernow, from The Death of the Banker
Ron Chernow - author of The House of Morgan and The Warburgs, and the winner of the American National Book Award - transports the reader on a fascinating tour of high finance. In a book packed with splendid anecdotes and lucid analyses, Chernow evokes the heady days when bankers sailed about in yachts as big as battleships, smoked cigars the size of small torpedoes and sparked bitter controvesy because of their sway over government and industry. He shows, too, how reformers mounted a spirited campaign to prize companies loose from their traditional bankers and restore competition to financial markets. In a world criss-crossed by capital flows, the banker will never again exercise such spectacular rule over clients. The mutual fund manager and the small investor have inherited the earth.

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Other Popular Editions of the Same Title

9780375700378: The Death of the Banker: The Decline and Fall of the Great Financial Dynasties and the Triumph of the Small Investor

Featured Edition

ISBN 10:  0375700374 ISBN 13:  9780375700378
Publisher: Vintage, 1997
Softcover