Capital's Adventure (The Second Book of the Gordon Capital Trilogy)

Author: (USA) John S. Gordon
Publisher:
Publish Date: 2005-06-01
Features: A modern economic history is the history of capital adventure, exploration, and the creation of immense wealth. This book records the history of capital adventure and creation in the United States from the colonial period to the present, covering all aspects of the U.S. economy, from agriculture and food, manufacturing and mining, transportation, banking, to retail and real estate, as well as telegraphs, telephones, and television. It shows how capital, with its spirit of adventure, created miracles in these areas. The market economy established a system to protect private property, which allowed adventurers to acquire wealth from their risks. The joint-stock system made it unnecessary for adventurers to bear unlimited risks, becoming the institutional guarantee for adventure.