O'Reilly logo

Once in Golconda: A True Drama of Wall Street 1920–1938 by John Brooks

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter Two

Ticker Tyranny

I

“In a sense, the financial conflict is more bitter and ruthless than war itself; in war, friend and foe can be distinguished.” So B. F. Winkelman, a shrewd Philadelphia lawyer with Wall Street connections, wrote in 1932 about the stock market in the 1920s. Except for a few newly arrived provincials who were instantly identifiable by outré items of apparel such as wide-brimmed hats and two-color shoes, the warriors of Wall Street wore pretty much the same uniform regardless of which particular army or task force they were enlisted in at any particular time, and never was the fighting so bitter and ruthless as when one foe was a former friend become a secret renegade. It was a time of transition, in Wall Street as in ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required