Profits and Politics: Beaverbrook and the Gilded Age of Canadian Finance by Gregory MarchildonProfits and Politics: Beaverbrook and the Gilded Age of Canadian Finance by Gregory Marchildon

Profits and Politics: Beaverbrook and the Gilded Age of Canadian Finance

byGregory Marchildon

Hardcover | December 21, 1996

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It has been said of Max Aitken (later Lord Beaverbrook) that 'no other Canadian carved his name so large upon his times.' A manipulative, self-serving charmer with immense business acumen, Aitken knew all the important Canadian financiers of his day, and repeatedly demonstrated his remarkable skill for making money in the field of corporate finance. In this book Gregory Marchildon looks at the entrepreneurial history of Max Aitken and his core enterprise, the Royal Securities Corporation. A penetrating study of investment banking and financial capitalism during the Laurier boom years, the book also deals more generally with the relationship between Canadian politics and imperial ideology before the Great War.

Marchildon walks us through the machinations, uncertainties, and bravado that went into Aitken's world of promoting, financing, and stockbroking. He describes in riveting detail the playing out of the great mergers in Canadian politics and business life - most notably that of Stelco and Canada Cement. We see the inner workings of finance capitalism, coloured by many remarkable personalities of the day, and we learn how Aitken's innovative tactics made him a very rich man while still in his twenties. This is a deeply textured account of the dynamics of the securities market in the formative years at the beginning of the twentieth century.

The first study of the whole of Aitken's Canadian career, Profits and Politics adds significantly to our understanding of finance capitalism during the Laurier era, and especially during Canada's first great merger era, from 1909 to 1913.

Gregory P. Marchildon is Professor and Ontario Research Chair in Health Policy and System Design at the Institute of Health Policy, Management and Evaluation, University of Toronto.
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Title:Profits and Politics: Beaverbrook and the Gilded Age of Canadian FinanceFormat:HardcoverDimensions:348 pages, 9.27 × 6.34 × 1.36 inPublished:December 21, 1996Publisher:University of Toronto Press, Scholarly Publishing Division

The following ISBNs are associated with this title:

ISBN - 10:0802007406

ISBN - 13:9780802007407

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Reviews

From Our Editors

It has been said of Max Aitken (later Lord Beaverbrook) that 'no other Canadian carved his name so large upon his times'. Profits and Politics looks at the business tactics that made Aitken a rich man while still in his twenties, his entrepreneurial history and his core enterprise, the Royal Securities Corporation. Gregory Marchildon walks us through the inner workings of finance capitalism during Canada's first great merger era.

Editorial Reviews

'This well-written book should inform and entertain even the most econophobic reader.'

- Canadian Book Review Annual