SUMMARY - Invent And Wander: The Collected Writings Of Jeff Bezos by Walter Isaacson

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Author :
Publisher : Shortcut Edition
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4./5 ( download)

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Book Synopsis SUMMARY - Invent And Wander: The Collected Writings Of Jeff Bezos by Walter Isaacson by : Shortcut Edition

Download or read book SUMMARY - Invent And Wander: The Collected Writings Of Jeff Bezos by Walter Isaacson written by Shortcut Edition and published by Shortcut Edition. This book was released on 2021-06-27 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: * Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will discover how Jeff Bezos, the founder of Amazon, thinks and acts. You will also discover: how he knew how to take risks to create and develop Amazon ; how he makes decisions; how he hires and manages his employees; the principles he followed to push Amazon further and further; what he is planning for the future. Jeff Bezos regularly makes headlines. This is either because he is one of the richest men in the world, or because the hegemony of his company, Amazon, on the trade becomes problematic for his competitors. A brilliant and innovative entrepreneur, he instinctively knows what to do and how to act to achieve his goals. However, he follows certain principles, which can be successfully imitated by any business leader. These are explained in the light of letters, interviews and speeches produced throughout his career. Will you be able to use them as well as he did? *Buy now the summary of this book for the modest price of a cup of coffee!

Invent and Wander

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Author :
Publisher : Harvard Business Press
ISBN 13 : 1647820723
Total Pages : 232 pages
Book Rating : 4.6/5 (478 download)

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Book Synopsis Invent and Wander by :

Download or read book Invent and Wander written by and published by Harvard Business Press. This book was released on 2020-11-17 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Jeff Bezos's own words, the core principles and philosophy that have guided him in creating, building, and leading Amazon and Blue Origin. In this collection of Jeff Bezos's writings—his unique and strikingly original annual shareholder letters, plus numerous speeches and interviews that provide insight into his background, his work, and the evolution of his ideas—you'll gain an insider's view of the why and how of his success. Spanning a range of topics across business and public policy, from innovation and customer obsession to climate change and outer space, this book provides a rare glimpse into how Bezos thinks about the world and where the future might take us. Written in a direct, down-to-earth style, Invent and Wander offers readers a master class in business values, strategy, and execution: The importance of a Day 1 mindset Why "it's all about the long term" What it really means to be customer obsessed How to start new businesses and create significant organic growth in an already successful company Why culture is an imperative How a willingness to fail is closely connected to innovation What the Covid-19 pandemic has taught us Each insight offers new ways of thinking through today's challenges—and more importantly, tomorrow's—and the never-ending urgency of striving ahead, never resting on one's laurels. Everyone from CEOs of the Fortune 100 to entrepreneurs just setting up shop to the millions who use Amazon's products and services in their homes or businesses will come to understand the principles that have driven the success of one of the most important innovators of our time. Invent and Wander: The Collected Writings of Jeff Bezos is co-published by PublicAffairs, an imprint of Perseus Books, and Harvard Business Review Press.

Dream With Your Eyes Open

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Publisher : Rupa Publications
ISBN 13 : 9788129139948
Total Pages : 208 pages
Book Rating : 4.1/5 (399 download)

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Book Synopsis Dream With Your Eyes Open by : Ronnie Screwvala

Download or read book Dream With Your Eyes Open written by Ronnie Screwvala and published by Rupa Publications. This book was released on 2016-02 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Dream With Your Eyes Open, first-generation entrepreneur and UTV-founder Ronnie Screwvala details his vast experiences and the myriad lessons learnt from more than two decades of building some successful (and some not-so-successful) businesses, bringing clarity to a quickly changing business landscape and making an impassioned case for the role of entrepreneurship in India's future. If you've ever had an impactful, disruptive product or business idea, been curious about owning your own business, or have already taken the first steps on your entrepreneurial journey, this is the book for you. If you've been running your own company for the last seven-odd years, and scale, brand and value-creation are some of the crossroads for you now, keep reading. If you think your parents or family would freak out if you dared to suggest ditching your safe haven-your professional job-to pursue your dreams of owning your own business, relax. Better yet, share this book with them. If you're an experienced professional ready to take the plunge into starting your own business or committed to growing into an effective leader in the company you work for, read on. This book hopes to demystify failure, inspire success, raise ambitions and help you think big. Dream With Your Eyes Open shares failures and triumphs, thoughts and anecdotes in a simple narrative that could help you gain better insights into entrepreneurship and give you a fighting chance when it comes to realizing your dreams in a David-versus-Goliath world. Only then will we succeed in harnessing the country's enormous entrepreneurial potential with the most energetic and passionate people in the world, alive with fresh mind-sets, optimism and hope. This book is about 'it can be done', not 'I did it'. It's all possible. Just dream your own dream-and when you do, dream with your eyes open.

The Everything Store

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Publisher : Little, Brown
ISBN 13 : 0316219258
Total Pages : 387 pages
Book Rating : 4.3/5 (162 download)

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Book Synopsis The Everything Store by : Brad Stone

Download or read book The Everything Store written by Brad Stone and published by Little, Brown. This book was released on 2013-10-15 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authoritative account of the rise of Amazon and its intensely driven founder, Jeff Bezos, praised by the Seattle Times as "the definitive account of how a tech icon came to life." Amazon.com started off delivering books through the mail. But its visionary founder, Jeff Bezos, wasn't content with being a bookseller. He wanted Amazon to become the everything store, offering limitless selection and seductive convenience at disruptively low prices. To do so, he developed a corporate culture of relentless ambition and secrecy that's never been cracked. Until now. Brad Stone enjoyed unprecedented access to current and former Amazon employees and Bezos family members, giving readers the first in-depth, fly-on-the-wall account of life at Amazon. Compared to tech's other elite innovators -- Jobs, Gates, Zuckerberg -- Bezos is a private man. But he stands out for his restless pursuit of new markets, leading Amazon into risky new ventures like the Kindle and cloud computing, and transforming retail in the same way Henry Ford revolutionized manufacturing. The Everything Store is the revealing, definitive biography of the company that placed one of the first and largest bets on the Internet and forever changed the way we shop and read.

Amazon Unbound

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Publisher : Simon and Schuster
ISBN 13 : 1982132620
Total Pages : 512 pages
Book Rating : 4.9/5 (821 download)

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Book Synopsis Amazon Unbound by : Brad Stone

Download or read book Amazon Unbound written by Brad Stone and published by Simon and Schuster. This book was released on 2022-05-10 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Portrait of the growth of tech company Amazon and the evolution of its billionaire founder, Jeff Bezos.

One Click

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Publisher : Penguin
ISBN 13 : 1101516232
Total Pages : 240 pages
Book Rating : 4.1/5 (15 download)

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Book Synopsis One Click by : Richard L. Brandt

Download or read book One Click written by Richard L. Brandt and published by Penguin. This book was released on 2011-10-27 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amazon's business model is deceptively simple: Make online shopping so easy and convenient that customers won't think twice. It can almost be summed up by the button on every page: "Buy now with one click." Why has Amazon been so successful? Much of it has to do with Jeff Bezos, the CEO and founder, whose unique combination of character traits and business strategy have driven Amazon to the top of the online retail world. Richard Brandt charts Bezos's rise from computer nerd to world- changing entrepreneur. His success can be credited to his forward-looking insights and ruthless business sense. Brandt explains: Why Bezos decided to allow negative product reviews, correctly guessing that the earned trust would outweigh possible lost sales. Why Amazon zealously guards some patents yet freely shares others. Why Bezos called becoming profitable the "dumbest" thing they could do in 1997. How Amazon.com became one of the only dotcoms to survive the bust of the early 2000s. Where the company is headed next. Through interviews with Amazon employees, competitors, and observers, Brandt has deciphered how Bezos makes decisions. The story of Amazon's ongoing evolution is a case study in how to reinvent an entire industry, and one that anyone in business today ignores at their peril.

Jeff Bezos

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Publisher : Cac Publishing LLC
ISBN 13 : 9781948489096
Total Pages : 142 pages
Book Rating : 4.4/5 (89 download)

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Book Synopsis Jeff Bezos by : Jr MacGregor

Download or read book Jeff Bezos written by Jr MacGregor and published by Cac Publishing LLC. This book was released on 2018-02-13 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: His story is unlike any of the other successful people in history. His brand of work ethic is familiar but different. What is it about him that makes him a super achiever? What about him makes him drive hard towards his goals? What about him can turn an idea into a startling success? Read, and find out.

Working Backwards

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Publisher : St. Martin's Press
ISBN 13 : 1250267609
Total Pages : 304 pages
Book Rating : 4.2/5 (52 download)

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Book Synopsis Working Backwards by : Colin Bryar

Download or read book Working Backwards written by Colin Bryar and published by St. Martin's Press. This book was released on 2021-02-09 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Backwards is an insider's breakdown of Amazon's approach to culture, leadership, and best practices from two long-time Amazon executives—with lessons and techniques you can apply to your own company, and career, right now. In Working Backwards, two long-serving Amazon executives reveal the principles and practices that have driven the success of one of the most extraordinary companies the world has ever known. With twenty-seven years of Amazon experience between them—much of it during the period of unmatched innovation that created products and services including Kindle, Amazon Prime, Amazon Studios, and Amazon Web Services—Bryar and Carr offer unprecedented access to the Amazon way as it was developed and proven to be repeatable, scalable, and adaptable. With keen analysis and practical steps for applying it at your own company—no matter the size—the authors illuminate how Amazon’s fourteen leadership principles inform decision-making at all levels of the company. With a focus on customer obsession, long-term thinking, eagerness to invent, and operational excellence, Amazon’s ground-level practices ensure these characteristics are translated into action and flow through all aspects of the business. Working Backwards is both a practical guidebook and the story of how the company grew to become so successful. It is filled with the authors’ in-the-room recollections of what “Being Amazonian” is like and how their time at the company affected their personal and professional lives. They demonstrate that success on Amazon’s scale is not achieved by the genius of any single leader, but rather through commitment to and execution of a set of well-defined, rigorously-executed principles and practices—shared here for the very first time. Whatever your talent, career or organization might be, find out how you can put Working Backwards to work for you.

First Mover: Jeff Bezos In His Own Words

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Publisher : Agate Publishing
ISBN 13 : 1572848138
Total Pages : 84 pages
Book Rating : 4.5/5 (728 download)

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Book Synopsis First Mover: Jeff Bezos In His Own Words by : Helena Hunt

Download or read book First Mover: Jeff Bezos In His Own Words written by Helena Hunt and published by Agate Publishing. This book was released on 2018-02-13 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jeff Bezos started Amazon in 1994 as an online bookstore based out of his garage. Since then, the ever-expanding enterprise has revolutionized shopping and, in many important ways, invented e-commerce as we know it. Today, Amazon is the third-most valuable company in the world, and Bezos's vast customer-oriented empire has mushroomed to include everything from cloud computing and fresh food delivery to movie production and consumer electronics. In recent years, Bezos also has invested in rocket technology, newspaper publishing, and artificial intelligence. Every arm of Bezos's business, however, is guided by a fundamental goal: to give customers what they want before they even think to ask for it. First Mover: Jeff Bezos In His Own Words offers a unique look into the mind of one of the world's most successful entrepreneurs by collecting more than 500 of Bezos's quotes on business, technology, customer service, e-commerce, innovation, entrepreneurship, and more. Meticulously curated from interviews, speeches, shareholder letters, press releases, and other sources, First Mover creates a comprehensive picture of Jeff Bezos, his obsessions, and what makes his ventures thrive. After more than 20 years at the helm of Amazon and its subsidiaries, Bezos continues to operate on what he calls "Day One time" in order to maintain the early experimental spirit of his business. Since the beginning, when he first saw the potential of the internet as a powerful tool for commerce, he has looked for trends and technologies that can alter not just business but daily life. First Mover reveals in detail a man who wants to push the future forward—and will inspire readers to do the same.

The Bezos Letters

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Publisher : Morgan James Publishing
ISBN 13 : 1642793337
Total Pages : 218 pages
Book Rating : 4.6/5 (427 download)

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Book Synopsis The Bezos Letters by : Steve Anderson

Download or read book The Bezos Letters written by Steve Anderson and published by Morgan James Publishing. This book was released on 2019-07-23 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A perceptive look at [the] Amazon founder’s annual shareholder letters, extracting 14 key ‘growth principles’ that [businesses] can use to scale up.” —Publishers Weekly Jeff Bezos created Amazon, the fastest company to reach $100 billion in sales ever, making him the richest man in the world. Business owners marvel at Amazon’s success, but don’t realize they have the answers right at their fingertips as Bezos reveals his hidden roadmap in his annual letters to shareholders. For the first time, business analyst Steve Anderson unlocks the key lessons, mindset, principles, and steps Bezos used, and continues to use, to make Amazon the massive success it is today. Steve shows business owners, leaders, and CEOs how to apply those same practices and watch their business become more efficient, productive, and successful?fast! “So much of what Steve Anderson has uncovered about Jeff Bezos and Amazon reminds me of the legacy of Walt Disney. Walt had a vision and made it happen; Jeff had a vision and made it happen; and you, too, can make your vision happen—and make it happen faster and easier using the principle’s Steve has laid out in The Bezos Letters.” —Lee Cockerell, former executive Vice President of Walt Disney World Resorts and author of Creating Magic: Common Sense Business Strategies from a Life at Disney “If you ever wanted a manual for building and growing your business, this is it.” —Dan Miller, New York Times–bestselling author of 48 Days to the Work You Love

High Performance Entrepreneur

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Publisher : Penguin Books India
ISBN 13 : 9780143064268
Total Pages : 260 pages
Book Rating : 4.0/5 (642 download)

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Book Synopsis High Performance Entrepreneur by : Subroto Bagchi

Download or read book High Performance Entrepreneur written by Subroto Bagchi and published by Penguin Books India. This book was released on 2018-10 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Highly Readable, Crisply Written&Inspirational Reading For Any New Indian EntrepreneurFrontline Difficult Though Setting Up A Business Is, Becoming A High-Performance Entrepreneur Is Harder Still. And Yet, Of The Many Thousands Who Try, There Are Those Who Go On To Become Successful; Some Even Graduate To Setting Up Companies That Hold Their Own Against The Toughest Competition, Becoming Icons Of Achievement. In The High-Performance Entrepreneur, Subroto Bagchi, Co-Founder And Chief Operating Officer Of Mindtree Consulting, Draws Upon His Own Highly Successful Experience To Offer Guidance From The Idea Stage To The Ipo Level. This Includes How To Decide When One Is Ready To Launch An Enterprise, Selecting A Team, Defining The Values And Objectives Of The Company And Writing The Business Plan To Choosing The Right Investors, Managing Adversity And Building The Brand. Additionally, In An Especially Illuminating Chapter, Bagchi Recounts The Systems And Values Which Have Made Indian It Companies On A Par With The Best In The World. High-Performance Entrepreneurs Create Great Wealth, For Themselves As Well As For Others. They Provide Jobs, Crucial For An Expanding Workforce Such As India S, And Drive Innovation. In India As Elsewhere, Governments Have Become Much More Entrepreneur Friendly Than Ever Before And The Rewards Of Being A Successful Entrepreneur Are Many. More Than Just A Guide, This Is A Book That Will Tap The Entrepreneurial Energy Within You. The Tips Offered In The Book Can Make All Of Us, Businessmen And Employers, Better At Our JobsBusiness India [A] Wonderful Book Which Will Go A Long Way In Guiding Aspiring EntrepreneursSahara Times A Guiding Light To Budding EntrepreneursI.Times Of IndiaFree Press Journal

Always Day One

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Publisher : Penguin
ISBN 13 : 0593083482
Total Pages : 274 pages
Book Rating : 4.5/5 (93 download)

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Book Synopsis Always Day One by : Alex Kantrowitz

Download or read book Always Day One written by Alex Kantrowitz and published by Penguin. This book was released on 2020-04-07 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a terrific book" - Kara Swisher An acclaimed tech reporter reveals the inner workings of Amazon, Facebook, Google, Apple, and Microsoft, showing how to compete with the tech titans using their own playbook. At Amazon, "Day One" is code for inventing like a startup, with little regard for legacy. Day Two is, in Jeff Bezos's own words, "stasis, followed by irrelevance, followed by excruciating, painful decline, followed by death." Most companies today are set up for Day Two. They build advantages and defend them fiercely, rather than invent the future. But Amazon and fellow tech titans Facebook, Google, and Microsoft are operating in Day One: they prioritize reinvention over tradition and collaboration over ownership. Through 130 interviews with insiders, from Mark Zuckerberg to hourly workers, Always Day One reveals the tech giants' blueprint for sustainable success in a business world where no advantage is safe. Companies today can spin up new products at record speed -- thanks to artificial intelligence and cloud computing -- and those who stand still will be picked apart. The tech giants remain dominant because they've built cultures that spark continual reinvention. It might sound radical, but those who don't act like it's always day one do so at their own peril. Kantrowitz uncovers the engine propelling the tech giants' continued dominance at a stage when most big companies begin to decline. And he shows the way forward for everyone who wants to compete with--and beat--the titans.

The Art of Being Indispensable at Work

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Publisher : Harvard Business Press
ISBN 13 : 1633698505
Total Pages : 133 pages
Book Rating : 4.6/5 (336 download)

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Book Synopsis The Art of Being Indispensable at Work by : Bruce Tulgan

Download or read book The Art of Being Indispensable at Work written by Bruce Tulgan and published by Harvard Business Press. This book was released on 2020-07-21 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: What's the secret to being indispensable—a true go-to person—in today's workplace? With new technology, constant change and uncertainty, and far-flung virtual teams, getting things done at work is tougher and more complex than ever. We’re in the midst of a collaboration revolution, working with everyone, all the time, across silos and platforms. But sometimes it feels like we're stuck in a no-win cycle—dealing with an overwhelming influx of asks, with unclear lines of communication and authority. Overcommitment syndrome looms larger than ever before. But even amid the seeming chaos, there's always that indispensable go-to person who thrives on their many working relationships with people all over the organization chart. How do they do it? Go-to people consistently make themselves valuable to others, maintain a positive attitude of service, are creative and tenacious, and take personal responsibility for getting the right things done. In this game-changing yet practical book, talent guru and bestselling author Bruce Tulgan reveals the secrets of the go-to person in our new world of work. Based on an intensive study of people at all levels, in all kinds of organizations, Tulgan shows how go-to people think and behave differently, building up their influence with others—not by trying to do everything for everybody but by doing the right things at the right times for the right reasons, regardless of whether they have the formal authority. This book will teach you to: Understand the peculiar mathematics of real influence Lead from wherever you are—up, down, sideways, and diagonal Know when to say "no" or "not yet," and how to say "yes" Keep getting better and better at working together And much more. The Art of Being Indispensable at Work is the new How to Win Friends and Influence People for an era in which the guardrails of traditional management have been pulled away.

Dazzled and Deceived

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Publisher : Yale University Press
ISBN 13 : 0300178964
Total Pages : 310 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis Dazzled and Deceived by : Peter Forbes

Download or read book Dazzled and Deceived written by Peter Forbes and published by Yale University Press. This book was released on 2011-11-15 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nature has perfected the art of deception. Thousands of creatures all over the world - including butterflies, moths, fish, birds, insects and snakes - have honed and practised camouflage over hundreds of millions of years. Imitating other animals or their surroundings, nature's fakers use mimicry to protect themselves, to attract and repel, to bluff and warn, to forage and to hide. The advantages of mimicry are obvious - but how does 'blind' nature do it? And how has humanity learnt to profit from nature's ploys? "Dazzled and Deceived" tells the unique and fascinating story of mimicry and camouflage in science, art, warfare and the natural world. Discovered in the 1850s by the young English naturalists Henry Walter Bates and Alfred Russel Wallace in the Amazonian rainforest, the phenomenon of mimicry was seized upon as the first independent validation of Darwin's theory of natural selection. But mimicry and camouflage also created a huge impact outside the laboratory walls. Peter Forbes' cultural history links mimicry and camouflage to art, literature, military tactics and medical cures across the twentieth century, and charts its intricate involvement with the dispute between evolution and creationism.

The Seventh Sense

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Publisher : Little, Brown
ISBN 13 : 0316285048
Total Pages : 352 pages
Book Rating : 4.3/5 (162 download)

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Book Synopsis The Seventh Sense by : Joshua Cooper Ramo

Download or read book The Seventh Sense written by Joshua Cooper Ramo and published by Little, Brown. This book was released on 2016-05-17 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER WASHINGTON POST BESTSELLER Winner of the getAbstract 17th International Book Award "The Seventh Sense is a concept every businessman, diplomat, or student should aspire to master--a powerful idea, backed by stories and figures that will be impossible to forget." -- Walter Isaacson, author of Steve Jobs and Leonardo da Vinci Endless terror. Refugee waves. An unfixable global economy. Surprising election results. New billion-dollar fortunes. Miracle medical advances. What if they were all connected? What if you could understand why? The Seventh Sense is the story of what all of today's successful figures see and feel: the forces that are invisible to most of us but explain everything from explosive technological change to uneasy political ripples. The secret to power now is understanding our new age of networks. Not merely the Internet, but also webs of trade, finance, and even DNA. Based on his years of advising generals, CEOs, and politicians, Ramo takes us into the opaque heart of our world's rapidly connected systems and teaches us what the losers are not yet seeing--and what the victors of this age already know.

The Economists' Hour

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Publisher : Little, Brown
ISBN 13 : 0316512273
Total Pages : 456 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis The Economists' Hour by : Binyamin Appelbaum

Download or read book The Economists' Hour written by Binyamin Appelbaum and published by Little, Brown. This book was released on 2019-09-03 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this "lively and entertaining" history of ideas (Liaquat Ahamed, The New Yorker), New York Times editorial writer Binyamin Appelbaum tells the story of the people who sparked four decades of economic revolution. Before the 1960s, American politicians had never paid much attention to economists. But as the post-World War II boom began to sputter, economists gained influence and power. In The Economists' Hour, Binyamin Appelbaum traces the rise of the economists, first in the United States and then around the globe, as their ideas reshaped the modern world, curbing government, unleashing corporations and hastening globalization. Some leading figures are relatively well-known, such as Milton Friedman, the elfin libertarian who had a greater influence on American life than any other economist of his generation, and Arthur Laffer, who sketched a curve on a cocktail napkin that helped to make tax cuts a staple of conservative economic policy. Others stayed out of the limelight, but left a lasting impact on modern life: Walter Oi, a blind economist who dictated to his wife and assistants some of the calculations that persuaded President Nixon to end military conscription; Alfred Kahn, who deregulated air travel and rejoiced in the crowded cabins on commercial flights as the proof of his success; and Thomas Schelling, who put a dollar value on human life. Their fundamental belief? That government should stop trying to manage the economy.Their guiding principle? That markets would deliver steady growth, and ensure that all Americans shared in the benefits. But the Economists' Hour failed to deliver on its promise of broad prosperity. And the single-minded embrace of markets has come at the expense of economic equality, the health of liberal democracy, and future generations. Timely, engaging and expertly researched, The Economists' Hour is a reckoning -- and a call for people to rewrite the rules of the market. A Wall Street Journal Business BestsellerWinner of the Porchlight Business Book Award in Narrative & Biography

One Nation Under Gold: How One Precious Metal Has Dominated the American Imagination for Four Centuries

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Author :
Publisher : Liveright Publishing
ISBN 13 : 1631493965
Total Pages : 384 pages
Book Rating : 4.6/5 (314 download)

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Book Synopsis One Nation Under Gold: How One Precious Metal Has Dominated the American Imagination for Four Centuries by : James Ledbetter

Download or read book One Nation Under Gold: How One Precious Metal Has Dominated the American Imagination for Four Centuries written by James Ledbetter and published by Liveright Publishing. This book was released on 2017-06-13 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: One Nation Under Gold examines the countervailing forces that have long since divided America—whether gold should be a repository of hope, or a damaging delusion that has long since derailed the rational investor. Worshipped by Tea Party politicians but loathed by sane economists, gold has historically influenced American monetary policy and has exerted an often outsized influence on the national psyche for centuries. Now, acclaimed business writer James Ledbetter explores the tumultuous history and larger-than-life personalities—from George Washington to Richard Nixon—behind America’s volatile relationship to this hallowed metal and investigates what this enduring obsession reveals about the American identity. Exhaustively researched and expertly woven, One Nation Under Gold begins with the nation’s founding in the 1770s, when the new republic erupted with bitter debates over the implementation of paper currency in lieu of metal coins. Concerned that the colonies’ thirteen separate currencies would only lead to confusion and chaos, some Founding Fathers believed that a national currency would not only unify the fledgling nation but provide a perfect solution for a country that was believed to be lacking in natural silver and gold resources. Animating the "Wild West" economy of the nineteenth century with searing insights, Ledbetter brings to vivid life the actions of Whig president Andrew Jackson, one of gold’s most passionate advocates, whose vehement protest against a standardized national currency would precipitate the nation’s first feverish gold rush. Even after the establishment of a national paper currency, the virulent political divisions continued, reaching unprecedented heights at the Democratic National Convention in 1896, when presidential aspirant William Jennings Bryan delivered the legendary "Cross of Gold" speech that electrified an entire convention floor, stoking the fears of his agrarian supporters. While Bryan never amassed a wide-enough constituency to propel his cause into the White House, America’s stubborn attachment to gold persisted, wreaking so much havoc that FDR, in order to help rescue the moribund Depression economy, ordered a ban on private ownership of gold in 1933. In fact, so entrenched was the belief that gold should uphold the almighty dollar, it was not until 1973 that Richard Nixon ordered that the dollar be delinked from any relation to gold—completely overhauling international economic policy and cementing the dollar’s global significance. More intriguing is the fact that America’s exuberant fascination with gold has continued long after Nixon’s historic decree, as in the profusion of late-night television ads that appeal to goldbug speculators that proliferate even into the present. One Nation Under Gold reveals as much about American economic history as it does about the sectional divisions that continue to cleave our nation, ultimately becoming a unique history about economic irrationality and its influence on the American psyche.