Item description for The Moneychangers by Upton Sinclair...
This novel by Upton Sinclair is an account of the Wall Street panic of 1907 and depicts the reality of 'fear and loathing' of the upper class of New York City. A newcomer arrives on the scene from the South. The beautiful and charming Lucy Dupree enters this whirling society of the rich and famous. She is naive and captures the admiration and attention of two of the richest and unscrupulous power brokers (economic fascists) of the era. Their jealous rivalry to destroy each other using mega-stakes financial manipulations of market forces creates a major collapse of Wall Street. Unknown to Lucy she is place at great peril as events create a tsunami amongst the rich and pwerful. Upton's novel is full of characters who in their capitalist royal gowns expose abuses of power that has never before been seen in Ameri(k)a. It continues in our own times via mergers and acquisitions, private equity pools and hedge funds. Although these newer versions of the same old manipulations are now constructed to look decent, be legal and sound necessary in the modern capitalist world. A Collector's Edition.
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Est. Packaging Dimensions: Length: 9" Width: 6" Height: 0.63" Weight: 1.06 lbs.
Release Date Jul 15, 2007
Publisher Synergy International of the Americas, Ltd
ISBN 1934568341 ISBN13 9781934568347
Availability 56 units. Availability accurate as of Oct 22, 2016 07:42.
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More About Upton Sinclair
Upton Sinclair was a journalist and the author of over two dozen books, including The Brass Check, King Coal, and Oil!. He was a prominent social and political activist who narrowly missed being elected governor of California in 1934.
Upton Sinclair was born in 1878 and died in 1968.
Upton Sinclair has published or released items in the following series...
Reviews - What do customers think about The Moneychangers?
Thriller / Suspense / Mystery of sorts..... Jun 10, 2000
Muckraker, Upton Sinclair, tells the fictionalized story of the Wall Street panic of 1907. The panic, according to Sinclair, was orchestrated by several very powerful capitalists in order to dethrone a rival trust company. They did this because man's revenge over being smitten by a woman, to put the anti-trust President in his place, and greed. The ruin of the rival trust company caused a stock market crash and a bank rush which ultimately cost thousands their jobs and savings and put the entire world into financial turmoil.
The story is told through the eyes of Allan Montague -- a successful lawyer living in New York. Through the course of the story he becomes introduced to several power players -- many of whom have millions riding in the stock market. These big players, also use fronts and shill companies whose only purpose is to sell things -- they do not make anything. This gets the public and the government to invest in their companies which ultimately go bankrupt.
The players in the story aren't too terribly interested in money. They use it as points and live to out maneuver the other. Sinclair reveals the back room shanagans of the stock market and the manipulations they pulled on the market. In addition, he points out the press was unable to print the "truth" on account that many of the corporations owned the newspapers.
The book was a little hard to follow despite Sinclair's lucid writing style. There were many players in the story, many making brief and periodic appearances. Also, the economic theory behind the maneuverings could leave a reader a little bewildered if they aren't up on the subject of trusts, stocks, high finance and corporations. Although, I suspect that many of the manipulations the capitalists did have been corrected thanks to modern checks and safeguards, the book does reveal the vast amount of corruption on all levels of the American system: the government, banks, and other businesses manipulating other businesses. This book was almost a thriller / mystery and was entertaining and informative throughout.