Frenzied Finance
Thomas W. Lawson · 1905
4.9 · 7 ratings
About the book
The inside man of the Amalgamated Copper flotation turns state's evidence on his own deal: how «the System» made dollars out of the public's savings, names named. The muckraking sensation of 1905, written by a man who helped run the machine he describes.
Try the short course
Part 1 · The copper stock that ate $100 million. The first six slides, free.
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Amalgamated Copper was organized in 1899, and Thomas Lawson opens his account of it with one blunt figure: in its first five years it took more than a hundred million dollars from the public.
The share prices show how. The stock went out to investors at an average of about $115 a share, anywhere between $100 and $130. By 1903 it was trading at $33.
Put that in your own pocket. Ten shares bought for $1,150 could be sold, four years later, for about $330. Seven dollars in every ten, gone, in a single company launched by some of the most powerful financiers in America.
That is the hole the rest of the book climbs down into.
Inside the course
20 parts- The tortuous course of AmalgamatedFree above
- «The System»: how made dollars are made
- The men in power behind it
- Lawson's own responsibility, admitted up front
Questions
Is Frenzied Finance free to read in Astra Trainer?
Yes. The full book opens free in the app’s reader, in English, German, French, Portuguese, and Russian.
What is the short course?
20 short parts that walk through the book’s key ideas in slides, each with a quick quiz. The first six slides are free to try on this page.
Where do I get the app?
Astra Trainer is free on the App Store and Google Play. Frenzied Finance is waiting in the app’s library.
