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The Man Who Made Wall Street: Anthony J. Drexel and the Rise of Modern Finance by Dan Rottenberg,

The Man Who Made Wall Street: Anthony J. Drexel and the Rise of Modern Finance by Dan Rottenberg,
It was the height of the Gilded Age and J. Pierpont Morgan controlled the fate of railroads, corporations, and governments. The wealthy and influential were said to tremble before his blinding intellect and intimidating gaze, yet he deferred to one man: Anthony J. Drexel. Drexel -- whose name is familiar today only through the university he founded and his recently canonized niece and protegee, Katharine -- was the most influential financier of the nineteenth century. The second son of an Austrian emigre, Anthony Drexel soon established himself as the preeminent financial mind in the Philadelphia currency brokerage his father began in 1838. Shunning publicity, self-promotion, and high-profile public accolades -- he declined President Ulysses S. Grant's invitation to become Secretary of the Treasury -- Drexel initiated a partnership with J. P. Morgan and his father Junius that became the most powerful financial combination of its age. With his characteristic prescience, Drexel selected Wall Street as the site for his New York branch and commissioned an opulent building, the likes of which the financial district had never seen, from which the younger Morgan could conduct business for the firm. And with Drexel's support the confused underachiever J. P. Morgan blossomed into a confident financial titan. At a time when the United States did not have a central bank, the government as well as large-scale commercial ventures relied on financiers to raise the enormous sums of money necessary to build railroads, construct factories, and fight major wars. With branches and partnerships in London, Paris, Chicago, and New York, all benefiting from their leader's reputation for impeccableintegrity, Drexel's firms were able to steer American business through the most extraordinary long-term economic growth of any nation in world history, as well as through four devastating depressions, an enlightening lesson in the cyclical nature of the U.S. economy.



History of rail transport in Philadelphia, Pennsylvania - Philadelphia was an early railroad hub, with lines from all over meeting in Philadelphia. The first railroad in Philadelphia was the Philadelphia, Germantown and Norristown Railroad, opened in 1832 north to Germantown.

Federal Reserve Bank of Philadelphia - The Federal Reserve Bank of Philadelphia, headquartered in Philadelphia, Pennsylvania, is responsible for the Third District of the Federal Reserve, which covers eastern Pennsylvania, southern New Jersey, and Delaware. The current President of the Philadelphia Fed is Anthony M.

Philadelphia Flower Show - The Philadelphia Flower Show is an annual event organized by the Pennsylvania Horticultural Society and held in Philadelphia, Pennsylvania at the Pennsylvania Convention Center in early March. It is the "largest indoor flower show in the world" and it the second largest convention held in Philadelphia in terms of number of attendees.

Baltimore and Philadelphia Railroad - The Baltimore and Philadelphia Railroad was the Baltimore and Ohio Railroad's line from Philadelphia, Pennsylvania southwest to Baltimore, Maryland, and is now used by CSX for freight. It was built in the 1880s after the Pennsylvania Railroad kicked the B&O off their old route, the Philadelphia, Wilmington and Baltimore Railroad.



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