A Piece of the Action: How the Middle Class Joined the Money

A Piece of the Action: How the Middle Class Joined the Money Class
- Used Book in Good Condition
Now with a new introduction describing the fallout of Americaâ€™s consumer credit boom, 1994â€™s wildly acclaimed bestseller A Piece of the Action tells the story of how millions of middle class Americans went from being savers to borrowers and investors through the invention of credit cards, mutual funds, and IRAsâ€”resulting in profound societal change.

â€œAmerica began to change on a mid-September day in 1958, when the Bank of America dropped its first 60,000 credit cards on the unassuming city of Fresno, California.â€ So begins Joe Noceraâ€™s riveting account of one of the most astonishing revolutions in modern American lifeâ€”what Nocera labels â€œthe money revolution.â€ In the decades since, the middle class has gained access to credit cards, to mutual funds, to retirement accountsâ€”and to hundreds of other financial vehicles that have allowed everyone to get â€œa piece of the action.â€ In this lively, engaging book, some of the great financial characters of modern timesâ€”from Charles Merrill to Charles Schwab to Peter Lynchâ€”strut across the stage as the course of this great financial shift is charted.

In an all-new introduction, Nocera takes a look back at the consequences of the money revolution. Were members of the middle class as prepared as the innovators claimed to take control of their financial lives? Or did events like the dot-com and the housing bubbles suggest something else: that far too many of us lacked the wherewithal to make sound investment decisions?
Country USA
Brand Simon & Schuster
Manufacturer Simon & Schuster
Binding Paperback
ReleaseDate 2013-10-15
UnitCount 1
EANs 9781476744896

Country	USA
Brand	Simon & Schuster
Manufacturer	Simon & Schuster
Binding	Paperback
ReleaseDate	2013-10-15
UnitCount	1
EANs	9781476744896

A Piece of the Action: How the Middle Class Joined the Money Class

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