Summary of Greg Steinmetz's American Rascal
Written by Milkyway Media
Narrated by Digital Voice Mary G
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In American Rascal (2022), journalist and financial analyst Greg Steinmetz explores the life of Jay Gould, a colorful nineteenth-century financier whose career triggered the first-ever reforms on Wall Street. Steinmetz details his complex career both on Wall Street and in railroads, as well as the contradiction between his life as a good family man and his financial scheming. Gould’s exploitation of the financial system and his manipulation of the stock market showed how flawed capitalism was, and how deeply those flaws affected the American economy.
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