7 Bankers and Financiers Who Changed the World

istock
istock

You can tell a lot about a society’s health from its economy. In good financial times, the national mood is lighter; when the purse strings have tightened, everyone feels the effects. While commerce is influenced by many factors, there have been a handful of people throughout history who have radically changed how we perceive and handle our currency. 

1. ROBERT MORRIS 

Fighting for freedom is expensive, and it was Morris (born 1734) who ensured the fledgling United States were financially sound during the Revolutionary War. A member of the Continental Congress, Morris underwrote colonies that couldn’t afford wartime necessities, funded ships carrying supplies, and even loaned $10,000 to the U.S. government when soldiers needed provisions for the Battle of Trenton. Morris later founded the Bank of North America. 

2. THE MEDICIS 

It’s safe to say the Renaissance of the 15th century would not have been the same without the funding of the Medici family of Florence, Italy. Commissioning work from artists like Sandro Botticelli and Fra Filippo Lippi allowed the prominent banking family to provide income to painters while simultaneously ushering in new ways to operate financial institutions. By innovating independent bank branches, for example, the Medicis insured the parent bank wouldn’t go under if one branch failed. 

3. CHARLES ROTHSCHILD 

The son of Nathaniel Rothschild and heir to the Rothschild banking empire, Charles had more on his mind than finances: A conservationist and entomologist (he was a preeminent flea expert), he founded, funded, and organized wildlife preserves to help protect fragile locations where nature could be studied. Wicken Fen in Cambridgeshire became Britain’s first reserve in 1899; the endeavor has grown to over 2300 locations today. 

4. BERNARD MANNES BARUCH 

Baruch made a name—and fortune—for himself on Wall Street before turning to politics. The “Park Bench Statesman” (nicknamed for his propensity for holding important meetings outside) advised Woodrow Wilson and Franklin Roosevelt on economic matters during World War I and World War II, respectively, as well as contributed to post-war economic planning. In 1943, Baruch founded the Baruch Committee on Physical Medicine to promote research and education in the field, which focuses on rehabilitation treatments for those suffering from injury or disease. 

5. FRANCISCO LOPES SUASSO 

Born in the Netherlands in the mid-1600s, both Suasso’s parents and his in-laws held considerable wealth. So it wasn’t surprising when William of Orange came knocking in 1688, looking for funding for his plans to invade England. Suasso loaned William enough to fund his conquest—without collateral, acknowledging that if William failed, his money would be lost. Of course, William was successful: Orange became King William III, and Suasso’s debt was repaid. 

6. FELIX ROHATYN 

While Wall Street—and by extension, New York City—is often emblematic of prosperity, no one felt particularly well off in 1975, when the city was on the cusp of declaring bankruptcy. Overextended and under-financed, the area could have brought down the entire state if not for the efforts of Rohatyn, who was enlisted as a special financial adviser during the crisis. The investment banker spent six months adjusting the budget and negotiating deals to keep the city solvent. It was a multi-tasking success that kept the state from financial ruin.  

7. HAYM SALOMON 

Like Robert Morris, financier Salomon (born in 1740) was a key player in the American fight for independence. During the Revolutionary War, he supplied American troops with bonds. Later, when the United States was facing fiscal disaster, Salomon brokered exchange bills and loaned out money to government employees. At the time of his death in 1785, the young American government owed Salomon more than $600,000 in unpaid debts—money that helped keep high-profile officials afloat without charging them interest.

Make your mark by joining one of the most valuable and trusted financial brands in the world at Wells Fargo Advisors. Learn more at joinwfadvisors.com. 

Wells Fargo Advisors, LLC, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company.

Looking to Downsize? You Can Buy a 5-Room DIY Cabin on Amazon for Less Than $33,000

Five rooms of one's own.
Five rooms of one's own.
Allwood/Amazon

If you’ve already mastered DIY houses for birds and dogs, maybe it’s time you built one for yourself.

As Simplemost reports, there are a number of house kits that you can order on Amazon, and the Allwood Avalon Cabin Kit is one of the quaintest—and, at $32,990, most affordable—options. The 540-square-foot structure has enough space for a kitchen, a bathroom, a bedroom, and a sitting room—and there’s an additional 218-square-foot loft with the potential to be the coziest reading nook of all time.

You can opt for three larger rooms if you're willing to skip the kitchen and bathroom.Allwood/Amazon

The construction process might not be a great idea for someone who’s never picked up a hammer, but you don’t need an architectural degree to tackle it. Step-by-step instructions and all materials are included, so it’s a little like a high-level IKEA project. According to the Amazon listing, it takes two adults about a week to complete. Since the Nordic wood walls are reinforced with steel rods, the house can withstand winds up to 120 mph, and you can pay an extra $1000 to upgrade from double-glass windows and doors to triple-glass for added fortification.

Sadly, the cool ceiling lamp is not included.Allwood/Amazon

Though everything you need for the shell of the house comes in the kit, you will need to purchase whatever goes inside it: toilet, shower, sink, stove, insulation, and all other furnishings. You can also customize the blueprint to fit your own plans for the space; maybe, for example, you’re going to use the house as a small event venue, and you’d rather have two or three large, airy rooms and no kitchen or bedroom.

Intrigued? Find out more here.

[h/t Simplemost]

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14 Black Authors You Should Read Right Now

Pexabay, Pexels // CC0
Pexabay, Pexels // CC0

With the resurgence of the Black Lives Matter movement, works on anti-racism have been flying off the shelves of Black-owned bookstores. But anti-racism doesn’t start and end with philosophical theories—it’s also a matter of shifting your current reading patterns. If you’ve found yourself purchasing Stamped but not The Hate U Give or With the Fire on High, then you’re doing yourself a major disservice. To help you get started, here are some groundbreaking Black authors you should read—and a few suggested books for you to check out.

1. Jason Reynolds

Atheneum/Caitlyn Dlouhy Books, Amazon

Jason Reynolds has a true gift when it comes to describing the Black male experience. He began writing poetry at age 9 and published his first novel in 2014. With his books—more than 10 so far—he’s created a space for Black boys to see themselves on the covers of fiction as much more than victims. On his website, Reynolds acknowledges that “I know there are a lot—A LOT—of young people who hate reading. I know that many of these book haters are boys. I know that many of these book-hating boys, don't actually hate books, they hate boredom… even though I'm a writer, I hate reading boring books too.”

Add to Your TBR Pile: The Boy in the Black Suit, Ghost

2. Nic Stone

Nic Stone has been kicking down the door on issues that have been overlooked for decades. Through her books, she brings attention and nuance to subjects like grief, discrimination, and questioning one’s sexuality in a way that has rarely been seen before in Young Adult and Middlegrade fiction. Up until 2013, The New York Times bestselling author didn’t think she could write fiction. “Part of the reason I didn't think I could do it is because I didn't see anyone who looked like me writing the type of stuff I wanted to write (super popular YA fiction),” Stone writes in an FAQ on her website. “But I decided to give it a shot anyway. (Life lesson: If you don't see you, go BE you.)”

Add to Your TBR Pile: Dear Martin, Odd One Out

3. Angie Thomas

Angie Thomas made waves after the release of The Hate U Give, a New York Times Bestseller that was made into a critically acclaimed film. Thomas’s second novel, On the Come Up, takes place in Garden Heights about a year after the events of The Hate U Give. It follows a 16-year-old up-and-coming rapper who goes by the nickname Bri. As a former teen rapper herself, Thomas knows the topic well. Just don’t ask her to participate in a rap battle. “I hoped that with writing these scenes and with showing people the ins and outs of it and the internal part of it, of coming up with freestyles on the spot, that maybe—just maybe more people would respect it as an art form,” Thomas told NPR. “But I can't do it.”

Add to Your TBR Pile: The Hate U Give, On the Come Up

4. Brittney Morris

Simon Pulse/Amazon

In her debut novel, Slay, author Brittney Morris shows the ways that Black people are discriminated against in the gaming industry. In its review, Publisher's Weekly wrote, “This tightly written novel will offer an eye-opening take for many readers and speak to teens of color who are familiar with the exhaustion of struggling to feel at home in a largely white society.”

Add to Your TBR Pile: Slay

5. Nnedi Okorafor

Nnedi Okorafor is a Hugo and Nebula Award-winning Nigerian-American author who intertwines African mysticism and science fiction in her writing, masterfully addressing societal issues while showing us how the world can become a better place. Okorafor never envisioned a career as a writer; she planned to be an entomologist until, as a college student, she was paralyzed from the waist down after back surgery. She began writing to distract herself while she recovered, and never looked back. “Nigeria is my muse,” Okorafor told The New York Times. “The idea of the world being a magical place, a mystical place, is normal there.”

Add to Your TBR Pile: Binti, Akata Witch

6. Tiffany D. Jackson

If you love psychological thrillers and haven’t read Tiffany D. Jackson’s first two novels, you’re missing out: Jackson has an ability to twist elements of her story to include new perspectives while keeping readers second-guessing their own theories. Her writing was influenced by many of the authors she discovered in her teen years. “I was, and still am, a HUGE R.L Stein fan, so his Fear Street series took me into my teen years," she writes on her website. "But then I was introduced to Mary Higgins Clark, Toni Morrison, Maya Angelou, and Jodi Picoult, to name a few.”

Add to Your TBR Pile: Allegedly, Monday’s Not Coming

7. Nafissa Thompson-Spires

Nafissa Thompson-Spires catalogues the plights of the Black community with stories that are so intricate, they could be true. One story follows a Black cosplayer shot by police; another addresses post-partum depression. She also showcases the joy that surfaces throughout our lives, despite the hardships. Thompson-Spires’s writing has earned her comparisons to the likes of Paul Beatty, Toni Cade Bambara, and Alice Munro. “I think the goal of a writer should be to tell the truth in some way, even if it’s to tell it slant—or to imagine a better version of the truth," she told The Guardian. "We have to find ways to confront difficult subjects.”

Add to Your TBR Pile: Heads of Colored People

8. Justin A. Reynolds

Katherine Tegen Books/Amazon

No, Justin A. Reynolds isn’t related to Jason Reynolds, but he’s just as talented. In his debut novel, Opposite of Always, Reynolds uses common YA tropes in an innovative way; a star-crossed lovers plot with the added effect of time travel truly sets this story apart.

Add to Your TBR Pile: Opposite of Always, Early Departures

9. Tony Medina

Tony Medina, the first Creative Writing professor at Howard University, has published 17 books, and his fight for social justice is evident in his writing. In his graphic novel, I Am Alfonso Jones, Medina uses Hamlet as inspiration for explaining issues of police brutality and social justice to Young Adult readers.

Add to Your TBR Pile: I Am Alfonso Jones

10. Elizabeth Acevedo

Quill Tree Books/Amazon

The Black experience is not a singular one, and Elizabeth Acevedo—whose debut novel, The Poet X, was a New York Times bestseller and won the National Book Award for Young People’s Literature in 2018—expands the canon with beautifully detailed Afro-Latinx narratives. “I feel like it’s hard to dream a thing you can’t see," Acevedo said in an interview with Black Nerd Problems. "And I think growing up like I knew I loved music and I loved poetry and I loved the feeling of being with other poets and listening to other stories and thinking, like, I think I can do that just as good.”

Add to Your TBR Pile: The Poet X, With the Fire on High

11. N.K. Jemisin

N.K. Jemisin is a voice for the marginalized in science fiction. She has won a number of awards for her work, including a Nebula Award and two Locust Awards, and she was the first person to win three Hugo Awards for Best Novel in a row, for her Broken Earth trilogy. "I’ll use whatever techniques are necessary to get the story across and I read pretty widely," Jemisin told The Paris Review. "So when people kept saying second person is just not done in science fiction, I was like, well, they said first person wasn’t done in fantasy and I did that with my first novel. I don’t understand the weird marriage to particular techniques and the weird insistence that only certain things can be done in science fiction."

Add to Your TBR Pile: The City We Became, The Fifth Season

12. Renée Watson

Renée Watson uses her novels to address gentrification, discrimination, and what it’s like to grow up as a Black girl. “My motivation to write young adult novels comes from a desire to get teenagers talking," she said in an interview with BookPage. "I hope my books are a catalyst for youth and adults to have conversations with one another, for teachers to have a starting point to discuss difficult topics with students.”

Add to Your TBR Pile: This Side of Home, Piecing Me Together

13. Maika and Maritza Moulite

Inkyard Press/Amazon

In their book Dear Haiti, Love Alaine, Haitian-American sister-author duo Maika and Maritza Moulite have created an exciting and riveting story of self-exploration and the meaning of family. These two have already secured a publishing deal for their next novel, One of the Good Ones.

Add to Your TBR Pile: Dear Haiti, Love Alaine

14. Talia Hibbert

Although you may have heard her name more recently due to her USA Today bestselling novel Get a Life, Chloe Brown, Talia Hibbert isn’t a newcomer to the world of adult and paranormal romance: In books, she writes narratives that often follow characters who are diverse in race, body types, and sexuality—because, as her website bio states, “she believes that people of marginalised identities need honest and positive representation.”

Add to Your TBR Pile: Get a Life, Chloe Brown, A Girl Like Her

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