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How Wall Street Created a Nation

J.P. Morgan, Teddy Roosevelt, and the Panama Canal

Ovidio Diaz Espino


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With the drama of detective fiction, How Wall Street Created a Nation illustrates how a combination of financial gain and arrogant American imperialism culminated in the building of the Panama Canal. Ovidio Diaz Espino has artfully pieced together the tale of a dark alliance of greed between the bankrupt French Panama Canal Company and a secret syndicate of Wall Street financiers. With the full force of Teddy Roosevelt's Wall Street cabal and his gunboat diplomacy behind it, there was no stopping the canal project despite the objections of the American Congress and press. Espino brings a combination of financial acumen, historical expertise, and Latin American sensibility to this book.

Basic Books, 9781568582665, 276pp.

Publication Date: September 30, 2003

About the Author

Ovidio Diaz Espino was born in Panama. He earned a BA in political science from UCLA, a master in international law degree from the University of Cambridge (Trinity College), and a JD degree from UC Berkeley. He has worked as a lawyer for several Wall Street firms, including J.P. Morgan. He resides in New York and Panama.