My conversation with T.J. Stiles:
"To discover to the world something which deeply concerns it, and of which it was previously ignorant; to prove to it that it had been mistaken on some vital point of temporal or spiritual interest, is as important a service as a human being can render to his fellow creatures..." John Stuart Mill, "On Liberty"
Tuesday, May 12, 2009
The first "Master of the Universe"
While we are just beginning to get a wave of books about the current financial crises, it’s important to have a real historical understanding of how Wall Street, finance and big business got that way. The place to start that understanding is with with the life of Cornelius Vanderbilt. Starting as a Staten Island farmer, he rose to control one of the greatest fortunes in world history. He played a central role in the rise of the modern corporation, the emergence of Wall Street, and the birth of big business. His life played out on an enormous stage. His relationships went from George Washington to John D. Rockefeller. T.J. Stiles, who’s just authored a new biography of Vanderbilt, entitled The First Tycoon: The Epic Life of Cornelius Vanderbilt says that “no one kept his hands of the levers of the economy for so long and pushed so hard.”
Labels:
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