The Money Kings
The Epic Story of the Jewish Immigrants Who Transformed Wall Street and Shaped Modern America
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Narrated by:
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Jonathan Davis
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By:
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Daniel Schulman
About this listen
The New York Times Book Review Editors' Choice • The incredible saga of the German-Jewish immigrants—with now familiar names like Goldman and Sachs, Kuhn and Loeb, Warburg and Schiff, Lehman and Seligman—who profoundly influenced the rise of modern finance (and so much more), from the New York Times best-selling author of Sons of Wichita
Joseph Seligman arrived in the United States in 1837, with the equivalent of $100 sewn into the lining of his pants. Then came the Lehman brothers, who would open a general store in Montgomery, Alabama. Not far behind were Solomon Loeb and Marcus Goldman, among the “Forty-Eighters” fleeing a Germany that had relegated Jews to an underclass.
These industrious immigrants would soon go from peddling trinkets and buying up shopkeepers’ IOUs to forming what would become some of the largest investment banks in the world—Goldman Sachs, Kuhn Loeb, Lehman Brothers, J. & W. Seligman & Co. They would clash and collaborate with J. P. Morgan, E. H. Harriman, Jay Gould, and other famed tycoons of the era. And their firms would help to transform the United States from a debtor nation into a financial superpower, capitalizing American industry and underwriting some of the twentieth century’s quintessential companies, like General Motors, Macy’s, and Sears. Along the way, they would shape the destiny not just of American finance but of the millions of Eastern European Jews who spilled off steamships in New York Harbor in the early 1900s, including Daniel Schulman’s paternal grandparents.
In The Money Kings, Schulman unspools a sweeping narrative that traces the interconnected origin stories of these financial dynasties. He chronicles their paths to Wall Street dominance, as they navigated the deeply antisemitic upper class of the Gilded Age, and the complexities of the Civil War, World War I, and the Zionist movement that tested both their burgeoning empires and their identities as Americans, Germans, and Jews.
©2023 Daniel Schulman (P)2023 Random House AudioListeners also enjoyed...
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Critic reviews
"Schulman offers a rich account of [the modern financial] system, and of his subjects' role in shaping it . . . He anchors his narrative in intimate personal details, creating a compelling portrait of a close-knit Gilded Age aristocracy, which, though its members possessed nearly infinite wealth, was locked out of many of the country’s élite institutions. Schulman doesn't shy away from the unsavory, rendering his subjects with satisfying complexity."—The New Yorker
"Stellar . . . [A] wonderful book . . . A striking portrait of how Jews, and specifically these most elite Jews, set out to determine what it meant to be Jewish in America . . . Rich in both historical detail and as a character study, and readers will come away with a newfound appreciation for the heft of the legacy of these men, and a realization of how bittersweet that legacy is."—Emily Tamkin, The Washington Post
“A sprawling history of the German Jews who came to the United States in the 19th century and helped create the modern economy while navigating their own identities as Jews, bankers and Americans . . . Schulman is a thorough reporter with an eye for delightful details.”—Jacob Goldstein, The New York Times Book Review
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This classic expose of the Fed has become one of the best-selling books in its category of all time. Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It reads like a detective story - which it really is, but it's all true.
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Lost confidence in author
- By Amazon Customer on 07-11-20
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Plan Your Year Like a Millionaire
- By: Rachel Rodgers
- Narrated by: Rachel Rodgers
- Length: 2 hrs
- Original Recording
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Performance
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Plan Like a Millionaire is part of a riveting three-part series, and it's all about elevating your game and setting goals like a seven-figure earner. In this wealth-inspiring listening journey, Rachel reveals the secrets of how to set goals, manage time wisely, build essential support systems, break free from financial constraints, and make savvy money decisions.
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Feel Good Book, only
- By Maggie on 01-06-24
By: Rachel Rodgers
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Los secretos de la mente millonaria (Narración en Castellano) [Secrets of the Millionaire Mind]
- Domina el juego de la riqueza [Mastering the Inner Game of Wealth]
- By: T. Harv Eker
- Narrated by: Ivan Villanueva
- Length: 2 hrs and 17 mins
- Unabridged
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El autor estaba en bancarrota, en solo dos años y medio se convirtió en millonario y construyó una de las más grandes firmas de consultoría para el éxito. Con sus enseñanzas ha tocado la vida de millones de personas. Este audiolibro te enseña a observar como piensas. Es un reto a tus ideas que te limitan, a los razonamientos que no te apoyan y a tus acciones con respecto al dinero.
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El libro está bien, pero ES VERSION RESUMIDA
- By alexnvlp on 08-24-23
By: T. Harv Eker
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The Little Book of Common Sense Investing
- The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition
- By: John C. Bogle
- Narrated by: L. J. Ganser
- Length: 5 hrs and 50 mins
- Unabridged
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The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
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One star for every point this 5 hour book makes.
- By Matt on 01-31-19
By: John C. Bogle
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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
- By: MJ DeMarco
- Narrated by: MJ DeMarco
- Length: 12 hrs and 46 mins
- Unabridged
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Since you were old enough to hold a job, you've been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. I call this soul-sucking, dream-stealing dogma "The Slowlane" - an impotent financial gamble that dubiously promises wealth in a wheelchair. For those who don't want a lifetime subscription to "settle-for-less", there is an alternative.
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Excellent!
- By Iray007 on 09-22-15
By: MJ DeMarco
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How to Day Trade for a Living
- A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
- By: Andrew Aziz
- Narrated by: Kevin Foley
- Length: 6 hrs and 56 mins
- Unabridged
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Story
Very few careers can offer you the freedom, flexibility, and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. In the audiobook, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day.
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Its a sales pitch
- By Xavier Foley on 02-08-18
By: Andrew Aziz
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The 1-Page Marketing Plan
- Get New Customers, Make More Money, And Stand Out From The Crowd
- By: Allan Dib
- Narrated by: Joel Richards
- Length: 6 hrs and 31 mins
- Unabridged
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Overall
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Performance
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Story
To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process, which is why it often doesn’t get done.
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You Need to buy Book to get key info
- By Rosie's mom on 10-23-18
By: Allan Dib
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Do Epic Shit
- By: Ankur Warikoo
- Narrated by: Ankur Warikoo
- Length: 3 hrs and 17 mins
- Unabridged
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Overall
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Performance
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Story
Ankur Warikoo is an entrepreneur and content creator whose deep, witty, and brutally honest thoughts on success and failure, money and investing, self-awareness and personal relationships have made him one of India’s top personal brands. In his first book, Ankur puts together the key ideas that have fuelled his journey—one that began with him wanting to be a space engineer and ended with him creating content that has been seen and read and heard by millions. His thoughts range from the importance of creating habits for long-term success to the foundations of money management.
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Epicly Sh*t
- By Anonymous User on 09-30-22
By: Ankur Warikoo
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Millionaire Mission
- A 9-Step System to Level Up Your Finances and Build Wealth
- By: Brian Preston
- Narrated by: Brian Preston
- Length: 7 hrs and 2 mins
- Unabridged
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Overall
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Performance
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Story
Brian Preston, host of The Money Guy Show podcast and co-founder of Abound Wealth Management, lays out a nine-step system for building wealth with the money you already have. Millionaire Mission helps you account for your financial blind spots, overcome the fear of making wrong decisions, and take the guesswork out of what to do with your next dollar.
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Great book.
- By Nathan Blowers on 05-31-24
By: Brian Preston
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Through oral histories and original interviews with surviving family members, Dan Goldberg brings 13 forgotten heroes away from the margins of history and into the spotlight. He reveals the opposition these men faced: the racist pseudoscience, the regular condescension, the repeated epithets, the verbal abuse, and even violence. Despite these immense challenges, the Golden Thirteen persisted—understanding the power of integration, the opportunities for black Americans if they succeeded, and the consequences if they failed.
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The Golden 13 is a must read for American history
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To the framers of the Constitution, political parties were a fatal threat to republican virtues. They had suffered the consequences of partisan politics in Britain before the American Revolution, and they wanted nothing similar for America. Yet parties emerged even before the Constitution was ratified, and they took firmer root in the following decade. In Founding Partisans, master historian H. W. Brands has crafted a fresh and lively narrative of the early years of the republic as the Founding Fathers fought one another with competing visions of what our nation would be.
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What listeners say about The Money Kings
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Roxana S.
- 07-13-24
Interesting book!
An interesting introspection in the financial history of US and the world! I enjoyed the audio book!
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- Ashley Celestine
- 10-31-24
Great Book on Wallstreet history
This is a great book on the foundations of banking in the United States. I highly recommend reading it.
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- Marjorie
- 04-01-24
perfect context for issues of antisemitism & money
This is a story of the German-Jewish immigrants who succeeded beyond all reasonable expectations after they came to the US in the mid-1800s. It is a fascinating book that provides insights into so many current issues through an historical lens. There were pro- and anti-slavery immigrant Jews, secular and very religious, sympathetic to and hostile to the Eastern European Jewish immigrants. The financial products these men invented or 'capitalized' on were clearly explained. The reverberations of success through the second & third generations are instructive.
The rampant anti-semitism these early moguls experienced shocked me. Todays Jewish billionaires & Harvard undergraduates should read this book...
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2 people found this helpful
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- Amazon Customer
- 06-10-24
How history is repeating itself
Amazingly written. History lesson that i have not read any other place. But sadly this book shows how history repeats itself.
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1 person found this helpful
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- Anonymous User
- 03-08-24
Endless narrative about minor matters
Endlessly long narrative - could not finish with 15 hours to go. Time to move on to next
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