Hetty : the genius and madness of America's first female tycoon

by Charles Slack

Paper Book, 2004

Status

Available

Call number

332.092

Publication

New York : Harper Perennial, 2005, c2004.

Description

Biography & Autobiography. Business. History. Nonfiction. HTML:When J. P. Morgan called a meeting of New York's financial leaders after the stock market crash of 1907, Hetty Green was the only woman in the room. The Guinness Book of World Records memorialized her as the World's Greatest Miser, and, indeed, this unlikely robber baron �?? who parlayed a comfortable inheritance into a fortune that was worth about 1.6 billion in today's dollars �?? was frugal to a fault. But in an age when women weren't even allowed to vote, never mind concern themselves with interest rates, she lived by her own rules. In Hetty, Charles Slack reexamines her life and legacy, giving us, at long last, a splendidly "nuanced portrait" (Newsweek) of one of the greatest �?? and most eccentric �?? financiers in American history. This P.S. edition features an extra 16 pages of insights into the book, including author interviews, recommended reading, an… (more)

User reviews

LibraryThing member mstrust
Hetty Green was known as The Witch of Wall Street around 1890, as she dressed in shabby old black gowns and outdated bonnets while she saw to her business about New York's financial district. I first read about her in The People's Almanac as a kid and thought she was fascinating, as did every
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newspaper during her decades as the wealthiest woman in America. She had an amazing business sense, which she gained from her wealthy father, to know when a piece of real estate or a bond would be valuable in the future and to keep her head when the stock market plunged. There were several times when NYC approached and received loans from Hetty Green of over a million dollars to keep public services running.

There are many stories about her greed and some are true. She actually did dress herself and her children as paupers to receive free medical attention. Sometimes she was recognized and made to pay the bill, which made her furious. She would haggle with merchants and waiters over charges as low as 15 cents at a time when she owned a railroad and some of the most valuable property on Michigan Ave. She refused to pay for a cab, instead walking miles every day to the bank. And she was suspected of forging her aunt's signature to a will that cut out most of the beneficiaries after the woman's death.

The surprises in this book are that Hetty actually did let go of some of her money, giving large anonymous donations to charities and speaking out for the working class. And the full story concerning her son's damaged leg is here.The claim that has been printed so many times- that she allowed the boy's leg to go without medical treatment until it had to be amputated rather than pay a doctor- is untrue. A very interesting read.
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Language

Physical description

281 p.; 21 inches

ISBN

0060542578 / 9780060542573

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