Taming the Street The Old Guard, the New Deal, and FDR's Fight to Regulate American Capitalism [Audiobook]

Success in this political struggle was far from certain for FDR and his New Deal allies, who included the political dynasty builder Joseph P. Kennedy and the future Supreme Court justice William O. Douglas. Wall Street's old guard, led by New York Stock Exchange president Richard Whitney, fought every new rule to the "last legal ditch." That clash-between two sharply different visions of financial power and federal responsibility-has shaped how "other people's money" is managed in the United States to this day. As inequality once again reaches Jazz Age levels, Henriques brings to life a time when the system worked-an idealistic moment when ordinary Americans knew what had to be done and supported leaders who could do it. A vital history and a riveting true-life thriller, Taming the Street raises an urgent and troubling question: What does capitalism owe to the common good?