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The Moneychangers

Upton Sinclair

Book Overview: 

A story of white collar crime and intrigue told from the point of view of Montague, a member of the privileged class of New York. Montague witnesses the manipulation and upset of the stock market by high financier Dan Waterman who is motivated by revenge. Waterman's character is loosely based on J.P. Morgan.

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Book Excerpt: 
. . .button; even the drawers of its bureaus were upon ball-bearings. The owner's private bedroom measured the entire width of the vessel, twenty-eight feet, and opened upon a Roman bath of white marble.

Such was the Brünnhilde, Montague looked about him for one of the yacht's launches, but he could not find any, so he hailed a boatman and had himself rowed out. A man in uniform met him at the steps. "Is Mrs. Taylor on board?" he asked.

"She is," the other answered. "Is this Mr. Montague? She left word for you."

Montague had begun to ascend; but a half a second later he stopped short in consternation.

Through one of the portholes of the vessel he heard distinctly a muffled cry,—

"Help! help!"

And he recognised the voice. It was Lucy's!

CHAPTER V

Montague hesitated only an instant. He sprang up to the deck. "Where is M. . . Read More

Community Reviews

I find it chilling that the peril of institutions that could be both too big to fail and driven to ruin by disingenuous wreckers was known exactly 100 years prior to the bubble burst of 2008. The Moneychangers is eerie in its similarity to the economic snap that began the so called Great Recessio...more

For being a book that is almost impossible to find, it's disturbingly appropriate for what is going on in the economy today. Rather than delving into the lives of immigrants and slaughtering critters - this book follows the uppercrust on Wall Street through the stockmarket crash in the early 1900...more

This is a fictional account of the panic of 1907 in which the US financial system nearly collapsed. The close call led to the subsequent creation of the Federal Reserve System as a lender of last resort. The novel is a nice antidote to the nonsense in Ayn Rand's stories of the harassed entreprene...more

This book, written over a hundred years ago, is as current as today's headlines. It is the tale of Allan Montague, a young New York lawyer who learns firsthand about the corruption of Wall Street. Written after the Panic of 1907, The Money Changers by Upton Sinclair is a well written study about...more

Now that Trump has been elected President, this book needs to be re-issued. It is amazing in the following ways:
1. it gives explicit details about the ways in which white collar crimes pay off handsomely. All the methods for corporate criminals are still relevant today. Trump is exactly like the...more

I read this book immediately after finishing The Jungle. They made for an interesting pair of reads, though it wasn't intentional at the time. Where The Jungle offers deep insight into the lives of the working poor, The Moneychangers is the story of the mega rich.

As many other reviewers have poi...more

An absorbing tale of the 29 wall street crash. A quite dramatic engaging story of how bankers got together and crashed the market to buy everything back up cheaply. Those at the sharp end were then helpless and left destitute. However what Sinclair poignantly explains is that many corrupt wall st...more

This book is so prophetic!
If you only changed nthe style of clothes, the formal way of talking then and called all the coaches, taxis, this book would be perfect for today.The shenanigans this CEO's of large corporations play where the littel guy lose all but the scoundral that started it all get...more

When I finished this, I thought of how capitalism , greed, and the desire for power can combine to put the U.S. economy at risk. The recent recession was, IMHO, based on these factors. Unlimited power seems, too often leads to it being abused. Maybe the temple needs an occasional cleansing? (See...more

What a powerful book based on the Panic of 1907. It is a well written quick read, and something I would have expected from Sinclair.

I'm not a banker, nor am I into high finance, but I understood the situation as it progressed through the pages. I went a time or two to research history to see if...more

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