Trade History

During one crazy week in January 2021, a motley crew of retail traders on Reddit’s r/wallstreetbets forum had seemingly done the impossible—they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was GameStop, a failing retailer whose shares briefly became the most-traded security on the planet and the subject of intense media coverage. The Revolution That Wasn’t is the riveting story of how the meme stock squeeze unfolded, and of the real architects (and winners) of the GameStop rally.

After the economic meltdown of 2008, Warren Buffett famously warned, "beware of geeks bearing formulas." But as James Weatherall demonstrates, not all geeks are created equal. While many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance.

"The deck, that is the floor of their rooms, was so covered with the blood and mucus which had proceeded from them in consequence of the flux, that it resembled a slaughter-house. It is not in the power of the human imagination to picture a situation more dreadful or disgusting. Numbers of the slaves having fainted, they were carried upon deck where several of them died and the rest with great difficulty were restored. It had nearly proved fatal to me also." - Dr. Alexander Falconbridge, an 18th century British surgeon

The most feared ship in Britain’s West Africa Squadron, His Majesty’s brig Black Joke was one of a handful of ships tasked with patrolling the western coast of Africa in an effort to end hundreds of years of global slave trading. Sailing after the spectacular fall of Napoleon in France, yet before the rise of Queen Victoria’s England, Black Joke was first a slaving vessel itself, and one with a lightning-fast reputation; only a lucky capture in 1827 allowed it to be repurposed by the Royal Navy to catch its former compatriots.

The empires of the ancient Sumerians, Akkadians, Greeks, Romans, and Chinese were underpinned by slavery, where one person could be owned by another, and their obedience and labor were forced by the threat of violence or even death. Some of these people were prisoners captured during wars, some were sold into slavery to pay debts, while others were born into slavery. In many ancient empires, slaves accounted for anything from one-third to half of the total population.

As we stand on the cusp of a new political reality, the contours of personal freedom and autonomy are becoming increasingly well-defined. The future holds the possibility of an existence where the barriers to living life on one’s own terms are ever-diminishing, where the power of voluntarily connected individuals challenges and reshapes the statist quo. Even though the journey toward this new reality is fraught with trade-offs and challenges, it has the potential for unprecedented freedom and philosophical fulfillment.

Many people know about the Mali Empire and its famous ruler, Mansa Musa. But did you know there was a major empire that came before it? Medieval African history tends to get ignored in favor of medieval European history. However, there is so much rich history to uncover, especially in the region of West Africa. The Ghana Empire is considered one of the greatest empires in African history. There was an abundance of gold in the region, and the Ghana Empire was a powerful trading partner. Advancements were made in administration, allowing it to become a dominant power in the region.

A new, gripping history of America - told through the executives, bankers, farmers, and politicians who paved the way from colonial times to the present - reveals that this country was founded as much on the search for wealth and prosperity as the desire for freedom.

The Clotilda, the last slave ship to land on American soil, docked in Mobile Bay, Alabama, in July 1860—more than half a century after the passage of a federal law banning the importation of captive Africans, and nine months before the beginning of the Civil War. The last of its survivors lived well into the twentieth century. They were the last witnesses to the final act of a terrible and significant period in world history. In this epic work, Dr. Hannah Durkin tells the stories of the Clotilda’s 110 captives, drawing on her intensive archival, historical, and sociological research.

Throughout the seventeenth and eighteenth centuries in Eastern North America, Natives and newcomers alike understood the close relationship between political power and control of trade and land, but they did so in very different ways. For Native Americans trade was a collective act. The alliances that made a people powerful became visible through material exchanges that forged connections among kin groups, villages, and the spirit world.

Historian Jonathan W. White tells the riveting story of Appleton Oaksmith, a swashbuckling sea captain whose life intersected with some of the most important moments, movements, and individuals of the mid-nineteenth century, from the California Gold Rush, filibustering schemes in Nicaragua, Cuban liberation, and the Civil War and Reconstruction. Most importantly, the book depicts the extraordinary lengths the Lincoln Administration went to destroy the illegal trans-Atlantic slave trade.

Financial economist George G. Szpiro here tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. From the broker's assistant who published the first mathematical explanation of financial markets to Albert Einstein and other scientists, Pricing the Future retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.

Neil Irwin’s The Alchemists is a gripping account of the most intense exercise in economic crisis management we’ve ever seen, a poker game in which the stakes have run into the trillions of dollars. The book begins in, of all places, Stockholm, Sweden, in the 17th century, where central banking had its rocky birth, and then progresses through a brisk but dazzling tutorial on how the central banker came to exert such vast influence over our world, from its troubled beginnings to the age of Greenspan, bringing the listener into the present with a marvelous handle on how these figures and institutions became what they are.

Today’s major technology companies - Google, Facebook, Amazon, Tesla, and others - wield more power than national governments. In this comprehensive, engaging, and prescriptive audiobook, Alexis Wichowski considers their growing and unavoidable influence in our lives, showing in eye-opening detail how these net states are conquering countries, disrupting reality, and jeopardizing our future - and what we can do to regulate and reform the industry before it does irreparable harm to the way we think, how we act, and how we’re governed.

The Cell provides the first complete treatment to piece together what led to the events of 9/11, ultimately delivering the disturbing answer to the question: why, with all the information the intelligence community had, was no one able to stop the September 11 attacks? It also includes a first-person account of John Miller's face-to-face meeting with Osama bin Laden.

Since the 2008 financial crisis, the price of gold has skyrocketed - in three years, it has more than doubled from $800 an ounce to $1,900. This massive spike kicked off an unprecedented global gold-mining and exploration boom, much bigger than the Gold Rush of the 1800s. In Gold, acclaimed author Matthew Hart takes you on an unforgettable journey around the world and through history to tell the incredible story of how gold became the world's most precious commodity.

In the grand scheme of things, very little is known of Mansa Musa’s life. We know that he was one of the greatest emperors of the Mali Empire. And we know that he was actually one of the richest men of all time due to the enormous gold deposits in West Africa that were under his dominion, but large parts of Mansa Musa’s life remain a mystery.

After the Englishman Henry Hudson, under the aegis of the Dutch East India Company, sailed by Manhattan in 1609, he returned home with good news and bad news. Like the other explorers before him, he hadn't been able to find a water route to the Orient. He had, however, returned with maps and beaver pelts. With that, it became clear that the region around the bay was a promising new territory for trade and settlement, which would become a bone of contention between the Dutch and the English for the rest of the century.

As the global economic landscape shifts at an increasing rate, it's more important than ever that citizens understand the building blocks of the new world economy. In this lively guide, Randy Charles Epping cuts through the jargon to explain the fundamentals. In 36 engaging chapters, Epping lays bare everything from NGOs and nonprofits to AI and data mining. With a comprehensive glossary and absolutely no graphs, The New World Economy: A Beginner's Guide is essential listening for anyone who wants to understand what is going on in the world around them.

For Rupert Russell, the Brexit vote was only the latest shock in a decade full of them: the unstoppable war in Syria, huge migrant flows into Europe, beheadings in Iraq, children placed in cages on the U.S. border. In Price Wars, he sets out on a worldwide journey to investigate what caused the wave of chaos that consumed the world in the 2010s. Russell travels to Tunisia, Iraq, Venezuela, Ukraine, East Africa, and Central America and discovers that unrest in all these places was triggered by dramatic and mysterious swings in the price of essential commodities.