This book, first published in 2001, is a comprehensive history of the most powerful group in the nineteenth-century United States: New York City's economic elite. This small and diverse group of Americans accumulated unprecedented economic, social, and political power, and decisively put their mark on the age. Professor Beckert explores how capital-owning New Yorkers overcame their distinct antebellum identities to forge dense social networks, create powerful social institutions, and articulate an increasingly coherent view of the world and their place within it. Actively engaging in a rapidly changing economic, social, and political environment, these merchants, industrialists, bankers, and professionals metamorphosed into a social class. In the process, these upper-class New Yorkers put their stamp on the major political conflicts of the day - ranging from the Civil War to municipal elections. Employing the methods of social history, The Monied Metropolis explores the big issues of nineteenth-century social change.

From 1501 to 1867 more than 12.5 million Africans were brought to the Americas in chains, and many millions died as a result of the slave trade. The US constitution set a 20-year time limit on US participation in the trade, and on January 1, 1808, it was abolished. And yet, despite the spread of abolitionism on both sides of the Atlantic, despite numerous laws and treaties passed to curb the slave trade, and despite the dispatch of naval squadrons to patrol the coasts of Africa and the Americas, the slave trade did not end in 1808. Fully 25 percent of all the enslaved Africans to arrive in the Americas were brought after the US ban – 3.2 million people. This breakthrough history, based on years of research into private correspondence; shipping manifests; bills of laden; port, diplomatic, and court records; and periodical literature, makes undeniably clear how decisive illegal slavery was to the making of the United States. US economic development and westward expansion, as well as the growth and wealth of the North, not just the South, was a direct result and driver of illegal slavery. The Monroe Doctrine was created to protect the illegal slave trade. In an engrossing, elegant, enjoyably readable narrative, Stephen M. Chambers not only shows how illegal slavery has been wholly overlooked in histories of the early Republic, he reveals the crucial role the slave trade played in the lives and fortunes of figures like John Quincy Adams and the “generation of 1815,” the post-revolution cohort that shaped US foreign policy. This is a landmark history that will forever revise the way the early Republic and American economic development is seen.

"I got to be a millionaire afore I know'd it hardly," remarked the Wall Street financier Daniel Drew (1797-1879). An uneducated farm boy from Putnam County, New York, he became in turn a successful cattle drover, a circus clown, tavern keeper, a shrewd Hudson River steamboat operator, and an unscrupulous speculator. As the colorful "Uncle Daniel" of Wall Street-his whiskered face seamed with wrinkles and twinkling with steel-gray eyes—time and again he disrupted the financial markets with manipulations whereby he either won or lost millions of dollars. Having "got religion" upon hearing a scary hell-fire sermon at the age of fourteen, Drew was also a fervent Methodist. Rumors of his financial operations—epic struggles that pitted him against Cornelius Vanderbilt, Jay Gould, and Jim Fisk, and that subjected him to threats of arrest and even kidnapping, and on one occasion to a most undignified flight from the state-baffled and disturbed the Methodists, who admittedly had little grasp of Wall Street but knew firsthand Brother Drew's tearful repentance at prayer meetings and his generosity in founding churches and seminaries. With its dual commitment to religion and rascality, Drew's career is a rich study in contradictions, an exciting chronicle of high drama and low comedy capped by bankruptcy. To understand Drew in his complexity, the author argues, is to get a grip on the heady and exploitative age that produced him—the yesterday of "smartness" and "go ahead" that helped engender the America of today. Based on primary sources, this is the first full-fledged biography of Drew, who hitherto has been known chiefly through a fictionalized and fraudulent account of 1910.

Spanning three centuries of Brooklyn history from the colonial period to the present, A Covenant with Color exposes the intricate relations of dominance and subordination that have long characterized the relative social positions of white and black Brooklynites. Craig Steven Wilder -- examining both quantitative and qualitative evidence and utilizing cutting-edge literature on race theory -- demonstrates how ideas of race were born, how they evolved, and how they were carried forth into contemporary society. In charting the social history of one of the nation's oldest urban locales, Wilder contends that power relations -- in all their complexity -- are the starting point for understanding Brooklyn's turbulent racial dynamics. He spells out the workings of power -- its manipulation of resources, whether in the form of unfree labor, privileges of citizenship, better jobs, housing, government aid, or access to skilled trades. Wilder deploys an extraordinary spectrum of evidence to illustrate the mechanics of power that have kept African American Brooklynites in subordinate positions: from letters and diaries to family papers of Kings County's slaveholders, from tax records to the public archives of the Home Owners Loan Corporation. Wilder illustrates his points through a variety of cases, including banking interests, the rise of Kings County's colonial elite, industrialization and slavery, race-based distribution of federal money in jobs, and mortgage loans during and after the Depression. He delves into the evolution of the Brooklyn ghetto, tracing how housing segregation corralled African Americans in Bedford-Stuyvesant. The book explores colonial enslavement, the rise of Jim Crow, labor discrimination and union exclusion, and educational inequality. Throughout, Wilder uses Brooklyn as a lens through which to view larger issues of race and power on a national level. One of the few recent attempts to provide a comprehensive history of race relations in an American city, A Covenant with Color is a major contribution to urban history and the history of race and class in America.

Wall Street has a history far richer than the Hunts' attempt to corner the silver market and the development of the "junk bond." Walter Werner and Steven Smith explore the relationship between the securities markets and the historic development of the American economy in Wall Street, emphasizing the importance of the period 1790 through 1840. The book focuses on the corporate response to the capital needs of the developing economy, and the role of the securities markets in mobilizing and allocating that capital. Werner and Smith argue that a long view of our corporate history demonstrates that the line of development from the corporate system of 1790 is direct and continuous. The authors contend there was no corporate revolution; rather, each successive era set the stage for the next, and all have built on the foundations laid during the period from 1790-1840, which they call the Bank Age. The authors view the history of the corporate system as a process of continuous maturation where securities markets and public corporations have always been of vital importance to each other. Wall Street is written in non-technical language for the general reader and provides insight into the early years of the bull, the bear, and the buck.