Jay Cooke S Gamble

In 1869, Jay Cooke, the brilliant but idiosyncratic American banker, decided to finance the Northern Pacific, a transcontinental railroad planned from Duluth, Minnesota, to Seattle. M. John Lubetkin tells how Cooke’s gamble reignited war with the Sioux, rescued George Armstrong Custer from obscurity, created Yellowstone Park, pushed frontier settlement four hundred miles westward, and triggered the Panic of 1873. Staking his reputation and wealth on the Northern Pacific, Cooke was soon whipsawed by the railroad’s mismanagement, questionable contracts, and construction problems. Financier J. P. Morgan undermined him, and the Crédit Mobilier scandal ended congressional support. When railroad surveyors and army escorts ignored Sioux chief Sitting Bull’s warning not to enter the Yellowstone Valley, Indian attacks—combined with alcoholic commanders—led to embarrassing setbacks on the field, in the nation’s press, and among investors. Lubetkin’s suspenseful narrative describes events played out from Wall Street to the Yellowstone and vividly portrays the soldiers, engineers, businessmen, politicians, and Native Americans who tried to build or block the Northern Pacific.

In 1869, Jay Cooke, the brilliant but idiosyncratic American banker, decided to finance the Northern Pacific, a transcontinental railroad planned from Duluth, Minnesota, to Seattle. M. John Lubetkin tells how Cooke’s gamble reignited war with the Sioux, rescued George Armstrong Custer from obscurity, created Yellowstone Park, pushed frontier settlement four hundred miles westward, and triggered the Panic of 1873. Staking his reputation and wealth on the Northern Pacific, Cooke was soon whipsawed by the railroad’s mismanagement, questionable contracts, and construction problems. Financier J. P. Morgan undermined him, and the Crédit Mobilier scandal ended congressional support. When railroad surveyors and army escorts ignored Sioux chief Sitting Bull’s warning not to enter the Yellowstone Valley, Indian attacks—combined with alcoholic commanders—led to embarrassing setbacks on the field, in the nation’s press, and among investors. Lubetkin’s suspenseful narrative describes events played out from Wall Street to the Yellowstone and vividly portrays the soldiers, engineers, businessmen, politicians, and Native Americans who tried to build or block the Northern Pacific.

This book is useful for those seeking to learn about the history of market crises and individuals that want to learn about protection against downside risks for an investment portfolio. The purpose of this book is not to convince the reader to attempt to anticipate the timing of the next market crash, but rather for the reader to be able to draw parallels (and some contrasts) between the different crises in history. The book reviews case studies related to specific macroeconomic event triggers ranging from COVID-19 to hyperinflation. Readers will come away with extensive knowledge of different market crisis events spread across countries and timelines. The reader will be well versed on important macroeconomic topics such as the history of currencies. Perhaps most importantly, readers will feel better prepared to handle the next market catastrophe. Audiences such as business school students and those that are a part of organizations such as the Chartered Financial Analyst Institute will find this book of interest.

Medical student turned professional soldier David S. Stanley offered forty years of service to his country on the western frontier and during the Civil War. He participated in some of most important Civil War battles, including the Battle of Iuka, the Battle of Corinth, the Battle of Stones Rivers, the Battle of Resaca, the Battle of Spring Hill, and the Battle of Franklin. He was awarded the Medal of Honor for his actions at Franklin where he was shot while rallying his troops. Stanley was a complex individual who showed concern for his soldiers and ferocity in battle. As Rosecrans' chief of cavalry, he deserves much credit for making the Union cavalry an important and daunting power in the Western Theater. He also commanded the IV Army Corps at the end of the war. Stanley was a formidable adversary of his enemies and he clashed with William T. Sherman, Jacob Cox and William B. Hazen. This biography covers not only his military career but also his personal life, including his conversion to Roman Catholicism and problem with alcohol.

“[A] powerful examination of a nation trying to make sense of the complex changes and challenges of the post–Civil War era.” —Carol Berkin, author of A Brilliant Solution: Inventing the American Constitution In 1877—a decade after the Civil War—not only was the United States gripped by a deep depression, but the country was also in the throes of nearly unimaginable violence and upheaval, marking the end of the brief period known as Reconstruction and reestablishing white rule across the South. In the wake of the contested presidential election of 1876, white supremacist mobs swept across the South, killing and driving out the last of the Reconstruction state governments. A strike involving millions of railroad workers turned violent as it spread from coast to coast, and for a moment seemed close to toppling the nation’s economic structure. Celebrated historian Michael A. Bellesiles reveals that the fires of that fated year also fueled a hothouse of cultural and intellectual innovation. He relates the story of 1877 not just through dramatic events, but also through the lives of famous and little-known Americans alike. “A superb and troubling book about the soul of Modern America.” —William Deverell, director of the Huntington-USC Institute on California and the West “A bold, insightful book, richly researched, and fast paced . . . Bellesiles vividly portrays on a single canvas the violent confrontations in 1877.” —Alfred F. Young, coeditor of Revolutionary Founders: Rebels, Radicals, and Reformers in the Making of the Nation “[A] wonderful read that is sure to appeal to those interested in the challenges of creating a post–Civil War society.” —Choice

Mention “ethnic cleansing” and most Americans are likely to think of “sectarian” or “tribal” conflict in some far-off locale plagued by unstable or corrupt government. According to historian Gary Clayton Anderson, however, the United States has its own legacy of ethnic cleansing, and it involves American Indians. In Ethnic Cleansing and the Indian, Anderson uses ethnic cleansing as an analytical tool to challenge the alluring idea that Anglo-American colonialism in the New World constituted genocide. Beginning with the era of European conquest, Anderson employs definitions of ethnic cleansing developed by the United Nations and the International Criminal Court to reassess key moments in the Anglo-American dispossession of American Indians. Euro-Americans’ extensive use of violence against Native peoples is well documented. Yet Anderson argues that the inevitable goal of colonialism and U.S. Indian policy was not to exterminate a population, but to obtain land and resources from the Native peoples recognized as having legitimate possession. The clashes between Indians, settlers, and colonial and U.S. governments, and subsequent dispossession and forcible migration of Natives, fit the modern definition of ethnic cleansing. To support the case for ethnic cleansing over genocide, Anderson begins with English conquerors’ desire to push Native peoples to the margin of settlement, a violent project restrained by the Enlightenment belief that all humans possess a “natural right” to life. Ethnic cleansing comes into greater analytical focus as Anderson engages every major period of British and U.S. Indian policy, especially armed conflict on the American frontier where government soldiers and citizen militias alike committed acts that would be considered war crimes today. Drawing on a lifetime of research and thought about U.S.-Indian relations, Anderson analyzes the Jacksonian “Removal” policy, the gold rush in California, the dispossession of Oregon Natives, boarding schools and other “benevolent” forms of ethnic cleansing, and land allotment. Although not amounting to genocide, ethnic cleansing nevertheless encompassed a host of actions that would be deemed criminal today, all of which had long-lasting consequences for Native peoples.

A narrative biography traces Granville Stuart's trajectory from his youth in an Iowa agricultural settlement, to his rough-and-tumble life in Montana and his rise to prominence as a public figure in the American West, in a study that illuminates the conflicting realities of the frontier.

From historian and critically acclaimed author of The Three-Cornered War comes the captivating story of how Yellowstone became the world’s first national park in the years after the Civil War, offering “a fresh, provocative study…departing from well-trodden narratives about conservation and public recreation” (Booklist, starred review). Each year nearly four million people visit Yellowstone National Park—one of the most popular of all national parks—but few know the fascinating and complex historical context in which it was established. In late July 1871, the geologist-explorer Ferdinand Hayden led a team of scientists through a narrow canyon into Yellowstone Basin, entering one of the last unmapped places in the country. The survey’s discoveries led to the passage of the Yellowstone Act in 1872, which created the first national park in the world. Now, author Megan Kate Nelson examines the larger context of this American moment, illuminating Hayden’s survey as a national project meant to give Americans a sense of achievement and unity in the wake of a destructive civil war. Saving Yellowstone follows Hayden and two other protagonists in pursuit of their own agendas: Sitting Bull, a Lakota leader who asserted his peoples’ claim to their homelands, and financier Jay Cooke, who wanted to secure his national reputation by building the Northern Pacific Railroad through the Great Northwest. Hayden, Cooke, and Sitting Bull staked their claims to Yellowstone at a critical moment in Reconstruction, when the Ulysses S. Grant Administration and the 42nd Congress were testing the reach and the purpose of federal power across the nation. “A readable and unfailingly interesting look at a slice of Western history from a novel point of view” (Kirkus Reviews), Saving Yellowstone reveals how Yellowstone became both a subject of fascination and a metaphor for the nation during the Reconstruction era. This “land of wonders” was both beautiful and terrible, fragile and powerful. And what lay beneath the surface there was always threatening to explode.