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Reading the Market - Genres of Financial Capitalism in Gilded Age America (Hardcover)
Loot Price: R1,190
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Reading the Market - Genres of Financial Capitalism in Gilded Age America (Hardcover)
Series: New Studies in American Intellectual and Cultural History
Expected to ship within 12 - 17 working days
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Americans pay famously close attention to "the market," obsessively
watching trends, patterns, and swings and looking for clues in
every fluctuation. In Reading the Market, Peter Knight explores the
Gilded Age origins and development of this peculiar interest. He
tracks the historic shift in market operations from local to
national while examining how present-day ideas about the nature of
markets are tied to past genres of financial representation.
Drawing on the late nineteenth-century explosion of art,
literature, and media, which sought to dramatize the workings of
the stock market for a wide audience, Knight shows how ordinary
Americans became both emotionally and financially invested in the
market. He analyzes popular investment manuals, brokers'
newsletters, newspaper columns, magazine articles, illustrations,
and cartoons. He also introduces readers to fiction featuring
financial tricksters, which was characterized by themes of personal
trust and insider information. The book reveals how the popular
culture of the period shaped the very idea of the market as a
self-regulating mechanism by making the impersonal abstractions of
high finance personal and concrete. From the rise of ticker-tape
technology to the development of conspiracy theories, Reading the
Market argues that commentary on the Stock Exchange between 1870
and 1915 changed how Americans understood finance-and explains what
our pervasive interest in Wall Street says about us now.
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