Skip to main content

John Steele Gordon

John Steele Gordon has been a frequent contributor to American Heritage and the Wall Street Journal. He is the author most recently of An Empire of Wealth: The Epic History of American Economic Power (HarperCollins 2004). Gordon's writing concentrates on business and financial history, and his 1999 book, The Great Game: The Emergence of Wall Street as a World Power, 1653-2000, was adapted into a two-hour CNBC special. Gordon's writing has also been published in the Washington Post's Book World, Outlook, Forbes, and The New York Times.

Articles by this Author

Sometimes making a lot of money is a snap. And, sometimes, it’s a snare.
The author’s desk connects him with a businessman forebear, the Indian wars, and Old Hickory.
AT&T protected its interests with the fiercest vigilance, and thereby helped bring itself down.
A great and living monument to commerce, engineering, art, and human ingenuity
At the age of 11, Roger Tory Peterson had an experience that produced a major hobby and a new industry.
George Selden never built a car himself, but he did manage to secure a patent on every auto manufactured.
What you owe your car ... Ending the tyranny of the horse is only the beginning of it.
How Peter Cooper managed to make himself deeply rich and deeply beloved at the same time
For a little while, Stephen Girard held the future of the United States in his hands. Destiny had chosen the right man.
A CENTURY AGO, you’d eat steak and lobster when you couldn’t afford chicken. Today, it can cost less than the potatoes you serve with steak. What happened in the years between was an extraordinary marriage of technology and the market.
Sylvester Graham’s preposterous theories about food and health inadvertently created the American diet-fad industry.
R.I.P., ICC, May/June 1996 | Vol. 47, No. 3
One hundred and eight years of managing a problem that might have been solved at the outset with a single law
HOW A NATION BORN OUT OF A TAX REVOLT has, and especially hasn’t, solved the problems of taxing its citizens
The man who showed Warren Buffett and thousands of others how to get rich
For sheer drama, William Durant’s career eclipses even Henry Ford’s.
How two bold sisters set up a business in the very citadel of masculine prerogative: 1870s Wall Street
Something he noticed in its showrooms kept the car from going the way of the Duesenberg and the Marmon.
And how it grew, and grew, and grew…
Postalization, October 1995 | Vol. 46, No. 6
It meant that the government should run the telephone system. And there’s a reason that the word is forgotten.
When private enterprise served the public good on the high seas and made its promoters a bundle
Why Americans should mourn the death of a British financial institution
Not only are the good ones surpassingly rare, but two of the best are outright fakes.
Timing is everything in music and in business. Jerome Kern demonstrated this twin truth in the most impressive way.
How one of our most enlightened business leaders became the symbol of corporate ruthlessness
It went to Russia along with capitalism, but its greatest players worked over here.
The great, heroic American labor movement, and how it became obsolete
Why can our government use accounting methods that would put any publicly held company out of business?
When the government manipulated and misused the robber barons
Mary Mallon could do one thing very well, and all she wanted was to be left to it.
Sewell Avery was a careful student of business history, but he learned the wrong lesson.

"WEB ONLY STORIES" BY THIS CONTRIBUTOR

Thirty years ago this week, rumors began circulating about the supposed extramarital affairs of Sen. Gary Hart, the leading candidate for the 1988 Democratic nomination for President. In response, Hart challenged the media. He told The New York Times in an interview published on May 3, 1987, that…
Sixty-five years ago today, the United States Navy gained the greatest victory in its history. Against overwhelming odds, it won the American equivalent of the defeat of the Spanish Armada and decisively reversed the strategic situation in the Pacific in a single day. The Japanese government and…
The infamous photo of Hart and Rice (National Enquirer/Getty Images) When rumors began circulating about his supposed extramarital affairs, Sen. Gary Hart, the leading candidate for the 1988 Democratic nomination for President, challenged the media. He told The New York Times in an interview…
She was perhaps the most beautiful ocean liner ever built. Her three funnels (the aftmost a dummy) were raked and diminished in size from fore to aft. This gave her the sleek, powerful, forward-driving look that was the essence of the art deco style that so inspired her interior design. And in her…
It has all the hallmarks of an urban legend. A Midwestern state (which one varies with the telling) was so unsophisticated that its legislature once passed a law declaring the value of the mathematical constant pi to be 4 (or 3, or 3.2, or some other simple, exact number) instead of, as every…
Today is Alexander Hamilton’s 250th birthday. Unless, of course, it’s his 252nd. He claimed to have been born in 1757, but there is considerable nearly contemporary evidence that he was actually born in 1755. But there is no argument that he was not yet 50 when he died at the hands of Aaron Burr…
Gerald Ford was perhaps the most gifted natural athlete ever to occupy the White House. Captain of his high school football team and on the varsity of a major football power, the University of Michigan—where he was voted the most valuable player in 1934—he excelled as well in swimming, skiing,…
A new look at a man who “three Presidents served under.” Andrew Mellon (1855-1937) was the most historically significant secretary of the treasury since at least Salmon P. Chase during the Civil War and perhaps since Alexander Hamilton himself. Appointed by Warren Harding in 1921 he served until…
Pork is not a partisan issue and not a new one. The term “pork barrel” is over a century old in its political sense, an allusion to the regular handing out of joints of salted pork, stored in barrels, by plantation owners to slave families before the Civil War. Because it is believed with nearly…
I did not mean to imply that Alger Hiss passed atomic secrets to the Russians. I used the atomic secrets image only as an example of a serious disclosure of classified information, as opposed to the trivial “outing” of someone who has had a desk job at Langley for the last several years and is such…