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Wheels of Fortune: The History of Speculation from Scandal to Respectability

Wheels of Fortune: The History of Speculation from Scandal to Respectability

Charles R. Geisst

ISBN: 978-0-471-47176-9

Apr 2003

368 pages

$16.99

Description

An intriguing history of the futures market and speculation
From Jay Gould's attempt to corner the gold market in the 1860s to the Hunt brothers' scandalous efforts to control the silver market in the 1980s, Wheels of Fortune traces the rich, colorful history of the futures market on its quest for respectability and profit. This comprehensive account shows readers why the markets have been grabbing headlines for over 100 years as both respectable economic institutions and hotbeds of gambling activity and scandal. Charles Geisst brings the personalities and strategies behind the futures market and speculation in general to life, against a backdrop of American life that begins prior to the Civil War.
Acknowledgments vi

Introduction vii

Chapter 1 A Tale of the Pits 1

Chapter 2 Futures and 'Wild Jackasses' 49

Chapter 3 The Great Bear Hunt 99

Chapter 4 Expanding the Menu 143

Chapter 5 Metals and Money 187

Chapter 6 Chicago Follies 243

Chapter 7 Rogues' Gallery 297

Postscript 353

Bibliography 355

Index 360