The Man Who Made Wall Street - 2001 dated Anthony J. Drexel and the Rise of Modern Finance by Dan Rottenberg

Anthony J. Drexel and the Rise of Modern Finance by Dan Rottenberg, 2001, Published by University of Pennsylvania Press, 262pp.

In his book, “The Man Who Made Wall Street: Anthony J. Drexel and the Rise of Modern Finance,” author Dan Rottenberg delves into the lesser-known story of Anthony J. Drexel, a 19th-century Philadelphia banker who played a pivotal role in shaping modern finance. Despite his elusive nature and aversion to publicity, Drexel managed to establish Drexel & Co. into a formidable global financial power.

Rottenberg’s biography sheds light on Drexel’s remarkable journey, highlighting his reputation for integrity and his unwavering commitment to personal trust over raw ambition. These principles not only defined Drexel’s approach to business but also significantly influenced the financial landscape, particularly in financing the U.S. government. Through meticulous research, Rottenberg demonstrates that Drexel’s methods, rather than Morgan’s, set the benchmark for Wall Street.

While the book presents a compelling narrative, it also sparks debates among readers. Nevertheless, it offers a valuable exploration of a crucial yet often overlooked figure who profoundly impacted American capitalism.