
American Rascal
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Had Jay Gould put his name on a university or concert hall, he would undoubtedly have been a household name today. The son of a poor farmer whose early life was marked by tragedy, Gould saw money as the means to give his family a better life…even if, to do so, he had to pull a fast one on everyone else. After entering Wall Street at the age of twenty-four, he quickly became notorious when he paralyzed the economy and nearly toppled President Ulysses S. Grant in the Black Friday market collapse of 1869 in an attempt to corner the market on gold?an event that remains among the darkest days in Wall Street history. Through clever financial maneuvers, he gained control over one of every six miles of the country's rapidly expanding network for railroad tracks?coming close to creating the first truly transcontinental railroad and making himself one of the richest men in America.
American Rascal shows Gould's complex, quirky character. He was at once praised for his brilliance by Rockefeller and Vanderbilt and condemned for forever destroying American business values by Mark Twain. He lived a colorful life, trading jokes with Thomas Edison, figuring Thomas Nast's best sketches, paying Boss Tweed's bail, and commuting to work in a 200-foot yacht.
Gould thrived in an expanding, industrial economy in which authorities tolerated inside trading and stock price manipulation because they believed regulation would stifle the progress. But by taking these practices to new levels, Gould showed how unbridled capitalism was, in fact, dangerous for the American economy. This "gripping biography" (Fortune) explores how Gould's audacious exploitation of economic freedom triggered the first public demands for financial reforms?a call that still resonates today.
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Content
- Intro
- Title Page
- Dedication
- Introduction
- Part One
- Chapter One: School Days
- Chapter Two: The Seduction of Zadock Pratt
- Chapter Three: Tanners War
- Chapter Four: This Thing Ambition
- Chapter Five: Influencers
- Chapter Six: Erie
- Chapter Seven: Sardines
- Chapter Eight: The Flight
- Chapter Nine: Peculiar Affairs
- Chapter Ten: Good Morning, Commodore
- Chapter Eleven: Prophet of Regulation
- Chapter Twelve: Gold
- Chapter Thirteen: The Plot
- Chapter Fourteen: The Mix-Up
- Chapter Fifteen: Pump and Dump
- Chapter Sixteen: Black Friday
- Chapter Seventeen: The Day After
- Chapter Eighteen: The Reckoning
- Part Two
- Chapter Nineteen: Fisk's Reward
- Chapter Twenty: Cows in the Moonlight
- Chapter Twenty-One: Union Pacific
- Chapter Twenty-Two: Edison
- Chapter Twenty-Three: Dirty Tricks
- Chapter Twenty-Four: In Gould's Grip
- Chapter Twenty-Five: Acquisitions
- Chapter Twenty-Six: Western Union
- Chapter Twenty-Seven: Elevated
- Chapter Twenty-Eight: Wares at a Bazaar
- Chapter Twenty-Nine: Terror
- Chapter Thirty: The Strike
- Chapter Thirty-One: A Gould Wedding
- Chapter Thirty-Two: In the Dock
- Chapter Thirty-Three: Bad News
- Chapter Thirty-Four: Morgan
- Chapter Thirty-Five: Change at the Top
- Chapter Thirty-Six: Woodlawn
- Chapter Thirty-Seven: An Appraisal
- Epilogue
- Acknowledgments and Sourcing
- About the Author
- Notes
- Index
- Copyright
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