History of the Great American Fortunes, Vol. I (Classic Books)

History of the Great American Fortunes, Vol. I by Gustavus Myers delves into the origins and development of wealth in America, presenting a critical examination of the dynamics between wealth accumulation and social inequality. Published in the early 20th century, this work dissects the lives of prominent industrialists and capitalists, shedding light on how their fortunes were often built on exploitation, monopolistic practices, and, at times, outright corruption. Myers employs a rigorous investigative approach, blending historical documentation with economic analysis, to challenge the prevailing narratives glorifying these tycoons as self-made men. The book highlights the profound consequences of their financial empires on the American socio-economic landscape, including the impact on labor, politics, and public policy. Despite its age, Myers’ work remains relevant, provoking thought on contemporary issues of wealth inequality and the ethics of capitalism, making it a significant contribution to historical and economic literature.