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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

Why have thousands of U.S. banks failed over the years? The answers are in our history and politics.
The Golden Touch, Winter 2010 | Vol. 59, No. 4
Banker J. P. Morgan rescued the dollar and bailed out the nation.
The country’s financial hub has a long history of lying, cheating, and stealing.
How a debt-ridden banana republic became the greatest economic engine the world has ever known
It was a disaster from the beginning.
My Backyard, April/May 2006 | Vol. 57, No. 2
How lucky to have Central Park as your back yard
The problem is as old as the industry itself.
We gave the baby boomers plenty of room to play in
The New York Stock Exchange plans to modernize by merging with a new competitor, just as it did in 1869.
A fortune in other people’s back yards
Looking at the big picture
Cyrus McCormick takes on a major problem with agriculture.
Alexander Hamilton conceived an America that encouraged huge successes like his own.
What digital-camera makers learned from George Eastman
Business Scandal, October 2003 | Vol. 54, No. 5
After Henry Ford changed America, his grandson accomplished something almost as amazing.
How it happened that one disaster got left in the shadow of another, lesser one
And how history shows it’s actually good for us
James Gordon Bennett was the forefather of the people who are now inventing internet news.
The birth of the global village
 Henry Ford's autocratic ways should serve as a warning to other moguls and their corporations.
THE CRACKPOT IDEA THAT LED TO SOCIAL SECURITY
WE ALL LIVE BY WHAT HAPPENED ON NOVEMBER 18, 1883.
A century and a half of the U.S. economy, from the railroad revolution to the information revolution
Colossus, June 2001 | Vol. 52, No. 4
A CENTURY AND A HALF E U.S. ECONOMY, FRO RAILROAD REVOLUTION
Death of a Marque, April 2001 | Vol. 52, No. 2
OLDSMOBILE, GONE AFTER 107 YEARS
WALT DISNEY GAVE US DONALD DUCK, BUT ANOTHER MAN GAVE HIM HIS CHARACTER—AND HIS FAMILY

"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…
On December 27, 1927—80 years ago today—American musical theater changed forever with the opening, at New York’s Ziegfeld Theatre, of Show Boat. It was a hit from the very start. From its opening tryout in Washington, D.C., through its other out-of-town runs in Pittsburgh, Cleveland, and…
Fifteen years ago today, on December 17, 1992, the North American Free Trade Agreement was signed by the United States, Canada, and Mexico. It created a huge free trade area of more than eight million square miles, 430 million people, and almost uncountable economic resources. It is the largest…
Absent from the list of robber barons recently reconsidered has been Cornelius Vanderbilt, known to everyone as the Commodore. Indeed, the last major biography of him was Wheaton J. Lane’s Commodore Vanderbilt: an Epic of the Steam Age, published in 1942. This is a pity, as the Commodore was one…
  When engineers make mistakes, the results can be both spectacular and expensive. And if someone happens to be at the right place at the right time with a movie camera, immortality of the sort no engineer wants is inevitable. The collapse of the Tacoma Narrows Bridge on the morning of November 7,…
  The 1977 “Wow!” signal, as originally recorded and notated. (Ohio State University Radio Observatory and North American AstroPhysical Observatory) It would have been the biggest news story of all time had it been confirmed. On August 15, 1977—30 years ago today—a radiotelescope at Ohio State…
  A thoroughly enjoyable appreciation of the nation’s greatest songwriters. Most people couldn’t write a decent song if you held a gun to their head. Perhaps one in a million can write one that becomes a big hit before fading away or becoming a period piece. But to be able to write a song that is…
(Library of Congress) Shortly after midnight on June 13, 1942, a German submarine lifted off the bottom, where it had been waiting, and surfaced near the sleepy eastern Long Island town of Amagansett. It soon put ashore four men wearing German uniforms. They had with them explosives and other…
President Reagan speaks at the Berlin Wall, June 12, 1987. (Ronald Reagan Presidential Library, National Archives) It is probably the Great Communicator’s most famous line, one he uttered on June 12, 1987—20 years ago today—while standing in front of the Brandenburg Gate at the Berlin Wall. And…
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…