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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…
  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…
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,…