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The United States has always proved an inviting home for boosters, sharp dealers, and outright swindlers. Worship of entrepreneurial freedom has complicated the task of distinguishing aggressive salesmanship from unacceptable deceit, especially on the frontiers of innovation. At the same time, competitive pressures have often nudged respectable firms to embrace deception. As a result, fraud has been a key feature of American business since its beginnings. In this sweeping narrative, Edward Balleisen traces the history of fraud in America-and the evolving efforts to combat it-from the age of P. T. Barnum through the eras of Charles Ponzi and Bernie Madoff. Starting with an early nineteenth-century American legal world of "buyer beware," this unprecedented account describes the slow, piecemeal construction of modern regulatory institutions to protect consumers and investors, from the Gilded Age through the New Deal and the Great Society. It concludes with the more recent era of deregulation, which has brought with it a spate of costly frauds. By tracing how Americans have struggled to foster a vibrant economy without enabling a corrosive level of fraud, this book reminds us that American capitalism rests on an uneasy foundation of social trust.

Expand title description text
Publisher: HighBridge Edition: Unabridged

OverDrive Listen audiobook

  • ISBN: 9781681682976
  • File size: 560453 KB
  • Release date: February 1, 2017
  • Duration: 19:27:36

MP3 audiobook

  • ISBN: 9781681682976
  • File size: 560487 KB
  • Release date: February 1, 2017
  • Duration: 19:43:29
  • Number of parts: 23

Formats

OverDrive Listen audiobook
MP3 audiobook

Languages

English

The United States has always proved an inviting home for boosters, sharp dealers, and outright swindlers. Worship of entrepreneurial freedom has complicated the task of distinguishing aggressive salesmanship from unacceptable deceit, especially on the frontiers of innovation. At the same time, competitive pressures have often nudged respectable firms to embrace deception. As a result, fraud has been a key feature of American business since its beginnings. In this sweeping narrative, Edward Balleisen traces the history of fraud in America-and the evolving efforts to combat it-from the age of P. T. Barnum through the eras of Charles Ponzi and Bernie Madoff. Starting with an early nineteenth-century American legal world of "buyer beware," this unprecedented account describes the slow, piecemeal construction of modern regulatory institutions to protect consumers and investors, from the Gilded Age through the New Deal and the Great Society. It concludes with the more recent era of deregulation, which has brought with it a spate of costly frauds. By tracing how Americans have struggled to foster a vibrant economy without enabling a corrosive level of fraud, this book reminds us that American capitalism rests on an uneasy foundation of social trust.

Expand title description text
  • Details

    Publisher:
    HighBridge
    Edition:
    Unabridged

    OverDrive Listen audiobook
    ISBN: 9781681682976
    File size: 560453 KB
    Release date: February 1, 2017
    Duration: 19:27:36

    MP3 audiobook
    ISBN: 9781681682976
    File size: 560487 KB
    Release date: February 1, 2017
    Duration: 19:43:29
    Number of parts: 23

  • Creators
  • Formats
    OverDrive Listen audiobook
    MP3 audiobook
  • Languages
    English