Summary of Greg Steinmetz's American Rascal

Get the Summary of Greg Steinmetz's American Rascal in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: 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 progress. But by taking these practices to new levels, Gould showed how unbridled capitalism was, in fact, dangerous for the American economy. This eye-opening history explores Gould’s audacious exploitation of economic freedom triggered the first public demands for financial reform—a call that still resonates today.

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E-bog: 13. november 2022