Download Fraud: An American History from Barnum to Madoff AudioBook Free
The United States has always turned out an inviting home for boosters, razor-sharp dealers, and outright swindlers. Worship of entrepreneurial liberty has complicated the task of distinguishing aggressive salesmanship from unacceptable deceit, especially on the frontiers of invention. At the same time, competitive pressures have often nudged reputable firms to adopt deception. Because of this, fraud is a key feature of American business since its origins. In this sweeping narrative, Edward Balleisen traces the history of fraud in the us - and the evolving efforts to beat it - from age PT Barnum through the eras of Charles Ponzi and Bernie Madoff. You start with an early on 19th-century American legal world of "buyer beware", this unprecedented bank account describes the slow-moving, piecemeal development of modern regulatory establishments to safeguard consumers and traders, from the Gilded Years through the New Deal and the fantastic Culture. It concludes with the more recent age of deregulation, which includes helped bring with it a spate of costly frauds. By tracing how Americans have battled to foster a captivating economy without enabling a corrosive degree of fraud, this reserve reminds us that American capitalism rests on an uneasy basis of social trust.
