Word: walls
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Dates: during 1990-1999
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...Rockefeller and Carnegie built the industrial age, then Morgan (1837-1913) financed it. The most imposing personage ever to bestride Wall Street--his nickname was Jupiter--Morgan had a thunderclap voice, a ferocious glare and a grotesquely disfigured red nose that, he once ruefully joked, had become "part of the American business structure." Where Rockefeller and Carnegie endured hardscrabble boyhoods, Morgan came from a well-to-do Hartford, Conn., family, and his appetite for bosomy women, enormous yachts (his 300-ft. Corsair lent him a piratical image) and exquisite art was legendary...
After studying in Switzerland and Germany, the cosmopolitan young Morgan arrived on Wall Street in 1857, serving as agent for his father Junius Spencer Morgan, who had taken over a London merchant bank. Though Pierpont participated in refinancing the Civil War debt in the 1870s, he acquired true imperial status in underwriting America's railroads...
During the 1907 Panic on Wall Street, an aging Morgan mobilized the city's bankers in his solemnly ornate library and got them to commit money to a rescue fund that ended the bank runs convulsing the city. It was the last hurrah for a self-regulated financial system: Morgan's dazzling improvisation proved the urgent need for a central bank, setting the stage for the passage of the Federal Reserve...
...shift. Ford not only doubled that, he also shaved an hour off the workday. In those years it was unthinkable that a guy could be paid that much for doing something that didn't involve an awful lot of training or education. The Wall Street Journal called the plan "an economic crime," and critics everywhere heaped "Fordism" with equal scorn...
Daniel Kadlec writes a column about personal finance and Wall Street for TIME