5 out of 5 Stars
Title: The Money Kings: The Epic Story of the Jewish Immigrants Who Transformed Wall Street and Shaped Modern America
Author: Daniel Schulman
Publisher: Knopf
This book is well written and researched. The subtitle of the book gives a good overview synopsis of what it is about. It covers the families and companies they developed in the 1800’s through today. These include J. & W. Seligman, Goldman Sachs, Kuhn Loeb and Lehman Brothers and other lesser known companies. I describes how they developed relationships both here and in Europe, family disagreements, the challenges of dealing with financial panics, World War I, slander and libel by various groups including Henry Ford, and the constant striving for assisting Jewish immigrants in the United States and those stranded in Europe, primarily in Russia. This is a must read for anyone who wants a better understanding of the true story of how theses companies developed and played a part in the development of the financial system in the United States.
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