The Driver (novel)
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The Driver (novel)
''The Driver'' is a novel by American financial journalist Garet Garrett, published in 1922 by E.P. Dutton. It was first published as part of a six-part series in the Saturday Evening Post. Historical context The protagonist, Henry M. Galt, was inspired by railroad executive E. H. Harriman. The novel was also influenced by the zeitgeist of the Gilded Age, a time of rapid industrialization, leading to the growth of corporate power. Summary ''The Driver'' tells the story of brilliant financial speculator Henry M. Galt. Through his own vision and work ethic, Galt takes over the failing Great Midwestern Railroad during an economic crisis, turning it into a hugely productive and profitable asset for the benefit of himself and the rest of the nation. The novel begins against the backdrop of the panic of 1893 and the free silver movement when many real-life railroads went bankrupt. In large part due to Galt's efforts, the country's economy is restored. Galt's acquisitions and fortune ...
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Garet Garrett
Garet Garrett (February 19, 1878 – November 6, 1954), born Edward Peter Garrett, was an American journalist and author, known for his opposition to the New Deal and U.S. involvement in World War II. Overview Garrett was born February 19, 1878, at Pana, Illinois, and grew up on a farm near Burlington, Iowa. He left home as a teenager, finding work as a printer's devil in Cleveland. In 1898, he moved to Washington, D.C., where he covered the administration of William McKinley as a newspaper reporter and then changed his first name to "Garet", which he pronounced the same as "Garrett." In 1900, he moved to New York City, where he became a financial reporter. By 1910, he had become a financial columnist for the ''New York Evening Post''. In 1913, he became editor of ''The New York Times Annalist'', a new financial weekly later known simply as ''The Annalist'', and, in 1915, he joined the editorial council of ''The New York Times''. In 1916, at 38, he became the executive edi ...
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Saturday Evening Post
''The Saturday Evening Post'' is an American magazine, currently published six times a year. It was issued weekly under this title from 1897 until 1963, then every two weeks until 1969. From the 1920s to the 1960s, it was one of the most widely circulated and influential magazines within the American middle class, with fiction, non-fiction, cartoons and features that reached two million homes every week. The magazine declined in readership through the 1960s, and in 1969 ''The Saturday Evening Post'' folded for two years before being revived as a quarterly publication with an emphasis on medical articles in 1971. As of the late 2000s, ''The Saturday Evening Post'' is published six times a year by the Saturday Evening Post Society, which purchased the magazine in 1982. The magazine was redesigned in 2013. History Rise ''The Saturday Evening Post'' was first published in 1821 in the same printing shop at 53 Market Street in Philadelphia where the Benjamin Franklin-founded ''Pennsyl ...
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Gilded Age
In United States history, the Gilded Age was an era extending roughly from 1877 to 1900, which was sandwiched between the Reconstruction era and the Progressive Era. It was a time of rapid economic growth, especially in the Northern and Western United States. As American wages grew much higher than those in Europe, especially for skilled workers, and industrialization demanded an ever-increasing unskilled labor force, the period saw an influx of millions of European immigrants. The rapid expansion of industrialization led to real wage growth of 60% between 1860 and 1890, and spread across the ever-increasing labor force. The average annual wage per industrial worker (including men, women, and children) rose from $380 in 1880, to $564 in 1890, a gain of 48%. Conversely, the Gilded Age was also an era of abject poverty and inequality, as millions of immigrants—many from impoverished regions—poured into the United States, and the high concentration of wealth became more vi ...
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Industrialization
Industrialisation ( alternatively spelled industrialization) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organisation of an economy for the purpose of manufacturing. Historically industrialization is associated with increase of polluting industries heavily dependent on fossil fuels. With the increasing focus on sustainable development and green industrial policy practices, industrialization increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies. The reorganization of the economy has many unintended consequences both economically and socially. As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth. Moreover, family structures tend to shift as extended families tend to no longer live ...
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Panic Of 1893
The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. It deeply affected every sector of the economy, and produced political upheaval that led to the political realignment of 1896 and the presidency of William McKinley. Causes The Panic of 1893 has been traced to many causes, one of those points to Argentina; investment was encouraged by the Argentine agent bank, Baring Brothers. However, the 1890 wheat crop failure and a failed coup in Buenos Aires ended further investments. In addition, speculations in South African and Australian properties also collapsed. Because European investors were concerned that these problems might spread, they started a run on gold in the U.S. Treasury. Specie was considered more valuable than paper money; when people were uncertain about the future, they hoarded specie and rejected paper notes.Nelson, Scott Reynolds. 2012. A Nation of Deadbeats. New York: Alfred Knopf, p. 189. During the Gi ...
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Free Silver
Free silver was a major economic policy issue in the United States in the late 19th-century. Its advocates were in favor of an expansionary monetary policy featuring the unlimited coinage of silver into money on-demand, as opposed to strict adherence to the more carefully fixed money supply implicit in the gold standard. Free silver became increasingly associated with populism, unions, and the fight of ordinary Americans against the bankers and monopolists, and the robber baron (industrialist), robber barons of the Gilded Age capitalism era and was referred to as the "People's Money". Supporters of an important place for silver in a bimetallism, bimetallic money system making use of both silver and gold, called "Silverites", sought coinage of silver dollars at a fixed weight ratio of 16-to-1 against dollar coins made of gold. Because the actual price ratio of the two metals was substantially higher in favor of gold at the time, most economists warned that the less valuable silver ...
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Justin Raimondo
Justin Raimondo (born Dennis Raimondo; November 18, 1951 – June 27, 2019) was an American author and the editorial director of Antiwar.com. He described himself as a "conservative- paleo-libertarian." Early life Born in White Plains, New York, Raimondo moved with his family to Yorktown Heights, New York when he was very young. Raimondo described himself as a "bad kid"; to deter himself from this path he spent one year at a Jesuit-run school in upstate New York. Around this time he took an interest in Ayn Rand's philosophy of Objectivism. Later he joined Young Americans for Freedom. In the 1970s, he became active in the Libertarian Party. He "joined the party in 1974, and was active in Roger MacBride's 1976 presidential campaign, the LP's second White House bid." He came to the defense of the White Night riots, which followed manslaughter conviction of Dan White (for the deaths of San Francisco supervisor Harvey Milk and Mayor George Moscone). In 1983, after a schism in th ...
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Atlas Shrugged
''Atlas Shrugged'' is a 1957 novel by Ayn Rand. It was her longest novel, the fourth and final one published during her lifetime, and the one she considered her '' magnum opus'' in the realm of fiction writing. ''Atlas Shrugged'' includes elements of science fiction, mystery, and romance, and it contains Rand's most extensive statement of Objectivism in any of her works of fiction. Rand described the theme of ''Atlas Shrugged'' as "the role of man's mind in existence". The book explores a number of philosophical themes from which Rand would subsequently develop Objectivism, including reason, property rights, individualism, and capitalism, and depicts what Rand saw as the failures of governmental coercion. The book depicts a dystopian United States in which private businesses suffer under increasingly burdensome laws and regulations. Railroad executive Dagny Taggart and her lover, steel magnate Hank Rearden, struggle against "looters" who want to exploit their productivity. Th ...
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Ayn Rand
Alice O'Connor (born Alisa Zinovyevna Rosenbaum;, . Most sources transliterate her given name as either ''Alisa'' or ''Alissa''. , 1905 – March 6, 1982), better known by her pen name Ayn Rand (), was a Russian-born American writer and philosopher. She is known for her fiction and for developing a philosophical system she named Objectivism. Born and educated in Russia, she moved to the United States in 1926. After two early novels that were initially unsuccessful and two Broadway plays, she achieved fame with her 1943 novel, ''The Fountainhead''. In 1957, Rand published her best-known work, the novel ''Atlas Shrugged''. Afterward, until her death in 1982, she turned to non-fiction to promote her philosophy, publishing her own periodicals and releasing several collections of essays. Rand advocated reason as the only means of acquiring knowledge; she rejected faith and religion. She supported rational and ethical egoism and rejected altruism. In politics, she condemned the ...
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John Galt
John Galt () is a character in Ayn Rand's novel ''Atlas Shrugged'' (1957). Although he is not identified by name until the last third of the novel, he is the object of its often-repeated question "Who is John Galt?" and of the quest to discover the answer. Also, in the later part it becomes clear that Galt had been present in the book's plot all along, playing several important roles though not identified by name. As the plot unfolds, Galt is acknowledged to be a philosopher and inventor; he believes in the power and glory of the human mind, and the rights of individuals to use their minds solely for themselves. He serves as a highly individualistic counterpoint to the collectivist social and economic structure depicted in the novel, in which society is based on oppressive bureaucratic functionaries and a culture that embraces mediocrity in the name of egalitarianism, which the novel posits is the result of collectivist philosophy. Character biography The novel unfolds Galt's ...
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Chris Matthew Sciabarra
Chris Matthew Sciabarra (born February 17, 1960) is an American political theorist based in Brooklyn, New York. He is the author of three scholarly books—''Marx, Hayek, and Utopia''; '' Ayn Rand: The Russian Radical''; and ''Total Freedom: Toward a Dialectical Libertarianism''—as well as several shorter works. He is also the co-editor, with Mimi Reisel Gladstein, of ''Feminist Interpretations of Ayn Rand'' and co-editor with Roger E. Bissell and Edward W. Younkins of ''The Dialectics of Liberty: Exploring the Context of Human Freedom''. His work has focused on topics including Objectivism, libertarianism (particularly the work of Friedrich Hayek and Murray Rothbard), and dialectics. Life Sciabarra was a visiting scholar at New York University from 1989 to 2009, where he earned his BA in history (with honors) in 1982; his MA in Politics in 1983; and his PhD in Political Philosophy, Theory, and Methodology in 1988, under the supervision of Bertell Ollman. In 1999 he became the ...
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Stephan Kinsella
Norman Stephan Kinsella (; born 1965) is an American intellectual property lawyer, author, and deontological anarcho-capitalist. His legal works have been published by Oxford University Press, Oceana Publications, Mises InstituteQuid Pro Booksand others. Education Born in Prairieville, Louisiana, he attended Louisiana State University where he earned Bachelor of Science (BS) and Master of Science (MS) degrees in electrical engineering, and a Juris Doctor (JD) from the Paul M. Hebert Law Center (formerly known as LSU Law Center). He also obtained an LL.M. at the University of London. Career Kinsella was general counsel of Applied Optoelectronics, Inc., of Sugar Land, Texas from 2000 to 2012 and is currently in private practice in Houston, Texas. He was formerly an adjunct scholar of the Ludwig von Mises Institute, a right-libertarian think-tank for the promotion of Rothbardian political thought and the Austrian School of economics, where he was Book Review Editor for the ''J ...
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