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Books > Business & Economics > Finance & accounting > Finance > Investment & securities
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Profits and Politics - Beaverbrook and the Gilded Age of Canadian Finance (Paperback)
Loot Price: R1,071
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Profits and Politics - Beaverbrook and the Gilded Age of Canadian Finance (Paperback)
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It has been said of Max Aitken (later Lord Beaverbrook) that 'no
other Canadian carved his name so large upon his times.' A
manipulative, self-serving charmer with immense business acumen,
Aitken knew all the important Canadian financiers of his day, and
repeatedly demonstrated his remarkable skill for making money in
the field of corporate finance. In this book Gregory Marchildon
looks at the entrepreneurial history of Max Aitken and his core
enterprise, the Royal Securities Corporation. A penetrating study
of investment banking and financial capitalism during the Laurier
boom years, the book also deals more generally with the
relationship between Canadian politics and imperial ideology before
the Great War. Marchildon walks us through the machinations,
uncertainties, and bravado that went into Aitken's world of
promoting, financing, and stockbroking. He describes in riveting
detail the playing out of the great mergers in Canadian politics
and business life - most notably that of Stelco and Canada Cement.
We see the inner workings of finance capitalism, coloured by many
remarkable personalities of the day, and we learn how Aitken's
innovative tactics made him a very rich man while still in his
twenties. This is a deeply textured account of the dynamics of the
securities market in the formative years at the beginning of the
twentieth century. The first study of the whole of Aitken's
Canadian career, Profits and Politics adds significantly to our
understanding of finance capitalism during the Laurier era, and
especially during Canada's first great merger era, from 1909 to
1913.
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