000 02210 a2200205 4500
020 _a0471212229
020 _a9780471212225
082 0 4 _a332.6450973
090 _c3183
_d3183
100 1 _aGeisst, Charles R.
245 1 0 _aWheels of fortune :
_bthe history of speculation from scandal to respectability /
_cCharles R. Geisst.
250 _a1st ed.
260 _a[S.l.] :
_bWiley,
_c2002.
300 _a352 p. ;
_c24 cm.
500 _aHardcover.
520 _aFrom the very beginning, financial markets have been called everything imaginable–from gambling dens to vital centers of commerce. But the futures markets have been especially criticized for the neverending scandals and constant turmoil that have surrounded them. Wheels of Fortune is an engaging and original story that traces the rich, colorful, and often scandalous history of the U.S. futures market in its quest for respectability and profit. Set against a backdrop that begins prior to the Civil War and continues through the twentieth century, renowned business historian and bestselling author Charles Geisst takes you on an incredible journey that brings the personalities and strategies behind the futures markets and speculation in general to life. You will discover how legendary traders such as Benjamin Hutchinson cornered the wheat market in the nineteenth century and learn how other bold traders as well as lax regulations paved the way for twentieth-century debacles and events that would continue to tarnish the reputation of the CBOT, the CME, and other related institutions and markets. The history of the futures markets, derivatives, and speculation is full of misunderstandings and false assumptions. Wheels of Fortune seeks to clarify these misconceptions by chronicling the events and individuals that brought scandal and skepticism into the markets, and exploring the laws and governing bodies that were established to rein them in–but lacked the power to do
856 _3Amazon.com
_uhttp://www.amazon.com/exec/obidos/ASIN/0471212229/chopaconline
856 _3Amazon customer reviews
_uhttp://www.chopac.org/cgi-bin/tools/azrev.pl?q=0471212
942 _aNBS
_cBK
_k332.6450973 GEI
999 _c345671
_d345671