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Everybody Ought to Be Rich - The Life and Times of John J. Raskob, Capitalist (Hardcover)
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Everybody Ought to Be Rich - The Life and Times of John J. Raskob, Capitalist (Hardcover)
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John Raskob is not a name that looms large but his greatest
building casts a shadow on us every day. Financier of the Empire
State Building, Raskob was a self-made businessman who worked for
DuPont and for GM and famously invented with the idea for consumer
credit, which he first offered to individual car buyers (GMAC). A
friend of New York Governor Al Smith, Raskob became active in New
York politics and ran the Democratic National Committee and Smith's
campaign for the presidency. He invested his own fortune heavily in
the Empire State Building, built at the height of the Great
Depression. A colorful figure, Raskob's life evokes the roaring
twenties, the Catholic elite, the boardrooms of America's biggest
corporations, and the rags-to-riches tale that is central to the
American dream. His most famous interview was entitled "Everybody
Ought to Be Rich" in Ladies' Home Journal in August 1929-on the eve
of the stock market crash-and his personal achievement of such
extraordinary wealth and power highlight just how far he came
traveled from a teenage candy seller on the railway between
Lockport and Buffalo. His wide circle of business associates and
personal acquaintances included Water Chrysler, the DuPonts, Alfred
Sloane, Franklin Roosevelt, Joseph Kennedy, Western miners, and the
Pope. He lived his own creed: "Go ahead and do things. The bigger
the better, if your fundamentals are sound. Avoid procrastination."
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