In 1865, William Buck Dana, working a bold new departure in
American journalism, established the nation's first business
weekly, the "Commercial and Financial Chronicle," in the country's
commercial nerve center, New York City. As its publisher and
editor, he became the nation's most influential reporter and
commentator on business and finance, playing a major role in
creating a national and international economy. Unequaled as a
comprehensive and reliable source of business news, Dana's
"Chronicle" has become a critical source for studying 19th century
business history. This book is a study of Dana the man, his ideas,
and their importance.
Divided into three sections, the book considers Dana's formative
years, his career, and his later life. The book then turns to the
main themes conveyed in the "Chronicle's "editorial content,
allowing the reader to imaginatively reconstruct Dana's mental
world. Comments on Dana's and his paper's importance and influence
are also included. While enlarging our understanding of Dana, the
"Chronicle," and economic thought of the time, "Advocate for
American Enterprise" will enhance our understanding of this
critically important era.
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