The Money Kings: The Epic Story of the Jewish Immigrants Who Transformed Wall Street and Shaped Modern America

Daniel Schulman

Book cover for The Money Kings: The Epic Story of the Jewish Immigrants Who Transformed Wall Street and Shaped Modern America
Book cover for The Money Kings: The Epic Story of the Jewish Immigrants Who Transformed Wall Street and Shaped Modern America

The Money Kings: The Epic Story of the Jewish Immigrants Who Transformed Wall Street and Shaped Modern America

The Money Kings: The Epic Story of the Jewish Immigrants Who Transformed Wall Street and Shaped Modern America

Daniel Schulman

  • Become a member to save 30% on all book orders, plus a variety of great perks. Simply add any book to cart and you’ll see an option to become a member
  • 100% of this book's profits go to our community of authors.
Get 50% off your first order, and then 30% off everything
Member Book Price
$35.00$17.50
Monthly Membership
First month free, renews at $5.00
$0.00

Already a member? Log In To Access Member Price

  • Allstora Membership will renew at $5/month, cancel any time. Learn More

Description

The New York Times Book Review Editors' Choice - The incredible saga of the German-Jewish immigrants--with now familiar names like Goldman and Sachs, Kuhn and Loeb, Warburg and Schiff, Lehman and Seligman--who profoundly influenced the rise of modern finance (and so much more), from the New York Times best-selling author of Sons of Wichita

Joseph Seligman arrived in the United States in 1837, with the equivalent of $100 sewn into the lining of his pants. Then came the Lehman brothers, who would open a general store in Montgomery, Alabama. Not far behind were Solomon Loeb and Marcus Goldman, among the "Forty-Eighters" fleeing a Germany that had relegated Jews to an underclass.

These industrious immigrants would soon go from peddling trinkets and buying up shopkeepers' IOUs to forming what would become some of the largest investment banks in the world--Goldman Sachs, Kuhn Loeb, Lehman Brothers, J. & W. Seligman & Co. They would clash and collaborate with J. P. Morgan, E. H. Harriman, Jay Gould, and other famed tycoons of the era. And their firms would help to transform the United States from a debtor nation into a financial superpower, capitalizing American industry and underwriting some of the twentieth century's quintessential companies, like General Motors, Macy's, and Sears. Along the way, they would shape the destiny not just of American finance but of the millions of Eastern European Jews who spilled off steamships in New York Harbor in the early 1900s, including Daniel Schulman's paternal grandparents.

In The Money Kings, Schulman unspools a sweeping narrative that traces the interconnected origin stories of these financial dynasties. He chronicles their paths to Wall Street dominance, as they navigated the deeply antisemitic upper class of the Gilded Age, and the complexities of the Civil War, World War I, and the Zionist movement that tested both their burgeoning empires and their identities as Americans, Germans, and Jews.

About the Author

DANIEL SCHULMAN is the New York Times best-selling author of Sons of Wichita, a biography of the Koch family that was a finalist for the Financial Times and McKinsey Business Book of the Year Award. The deputy Washington bureau chief of Mother Jones, he lives in Massachusetts, with his wife and sons.

Publishing Information

Publisher: Knopf Publishing Group
Pub date: 2023-11-14
Length: 592 pages
View full details

The Allstora Membership

Membership Perks:

  • Save 30% on all online store purchases
  • Exclusive access to author's content
  • You pay less, but authors still earn double

Membership Terms:

First Month: $0.00
Monthly price: $5.00
  • To access membership discount simply log in and add to cart, discount applied automatically.
  • One month free trial, cancel anytime. Membership renews on the 15th of each month.