Abstract

This paper aims to analyze the book called “The Money Changers” by Upton Sinclair, published in 1908. During the course of our analyses, we tend to uncover many facts as discussed in the book and an attempt would be made to chalk out a meaningful conclusion.

Table of Contents

Abstracti

Table of Contentsii

Introduction1

Discussion1

Background1

Characters2

Manipulation3

True Picture5

Interpretation6

Conclusion7

References8

“The Money Changers” by Upton Sinclair

Introduction

“The Money Changers” by Upton Sinclair was published in 1908, soon after the jolts 0f 1907, author, however, received most applauses for his book 'The Jungle'. This book of his by no means had a lesser impact than of the jungle; this book is still relevant even after the one hundred years. The Financial crises that the world witness in 2008 reminded the world of Upton Sinclair and his book “The Money Changers”. This book held a number of similarities as witnessed by the whole world in the recent jolts of 2008 relating to Wall Street and financial sector in general.

Upton Sinclair wrote numerous books belonging to different genres, and because of his talent to bring the issues relating to public to the limelight, he was once considered for the post of governor. He dedicated his ability to write and document for the well being of the masses as he majorly discussed issues relating to socio-economic conditions of that time. He was also very critical of the injustices which existed in the society at that time and still tend to exist. In his view capitalism is the culprit for the prevailing poverty in the world, although he received the most number of applauses in the second half of the twentieth century. The structure of this paper will be in the way which would stretch from the characters involved, manipulation and the original scenario along with my interpretation of the book (Jon, p.131).

Discussion

Background

This Book by Upton Sinclair very convincingly takes the reader into the characters of the individuals who tend to act as the deal makers but hardly tends to come in front, they tend to double cross the others in order to maximize their profits. This Book by Upton Sinclair exposes the players of the stock market arena and the dirty game which tends to be played on that ground. On that ground, the personal profit is the only factor which is considered thus avoiding the others, irrespective of its nature. This Book depicts that the financial crisis of 1907 was, in fact, the gift of some of the powerful individuals who tend to control the market and tend to base their business by destroying their opponents financially (Rothbard, p.124. In this book, Upton Sinclair criticizes the role of the government along with the banks and industries. In his view that all tend to operate in order to maximize the profit and hardly any of the institutions work for the betterment of the public.

The Book “The Moneychangers” tends to begin in a very subtle way with the author providing the background of the characters and information regarding their wealth. The story begins with ...