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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

The American Game, April 1991 | Vol. 42, No. 2
At its roots lie fundamental tensions that have bedeviled American banking since the nation began.
For a century now, it has been a haven to some, an outrage to others, and it is one of the very few social institutions that have survived their founders’ world.
Saint Straus, July/august 1990 | Vol. 41, No. 5
He excelled at business and made Macy's highly profitable. But Nathan Straus was even better at giving away his earnings to help people in need.
200 years ago, the United States was a weakling republic prostrate beneath a ruinous national debt. Then, Alexander Hamilton worked the miracle of fiscal imagination that made America a health,y young economic giant. How did he do it?
Paying for the War, March 1990 | Vol. 41, No. 2
In 1820, their daily existence was practically medieval; 30 later, many of them were living the modern life.
Opportunities, November 1989 | Vol. 40, No. 7
It wasn’t enough for Woolworth that his monument be grand and useful and beautiful. He wanted it to be profitable, too.
It cannot be measured in dollars alone. It involved a kind of personal power that no man of affairs will ever have again.
Why do you need so much money to be rich nowadays? It’s a question that historians and readers of history have always found difficult to answer.
Rich for a Day, April 1989 | Vol. 40, No. 3
What happened to all the great 19th-century fortunes?
To the Swiftest, March 1989 | Vol. 40, No. 2
Steamboat competition was about more than speed.

"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,…