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How the Middle Has Entered the Stock Market

Fortune Magazine's senior editor Joe Nocera and Ron Chernow. They can both be seen in the new Frontline documentary "Betting on the Market." The documentary is based in part on Nocera's 1994 book, "A Piece of the Action: How the Middle Class Joined the Money Class." It traces America's obsession with Wall Street, and looks at the consequences. Nocera serves as correspondent in the film. Chernow is the author of "The House of Morgan," which received a National Book Award in 1990.

21:59
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Other segments from the episode on January 9, 1997

Fresh Air with Terry Gross, January 9, 1997: Interview with Joe Nocera and Ron Chernow; Interview with Judith Martin; Commentary on surf music.
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06:59

A Sunny California Sound Is Back

Rock historian Ed Ward tells us about surf music. The genre's had a resurgence, in part because of it's use in Quentin Tarantino's film "Pulp Fiction."

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27:07

Ron Chernow Discusses Business "Titans" of the Past and Present.

Writer Ron Chernow has written a new biography one of America's most powerful men. His book is "Titan: The Life of John D. Rockefeller, Sr." (Random House) Chernow has also written: "The House of Morgan," "The Warburgs," and "The Death of the Banker." The New York Times this month called Titan "a triumph of the art of biography."

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22:43

A Banking Empire Traced From Its Origins to the Present.

Author Ron Chernow (CHUR-now). His new book is, "The House of Morgan: an American Banking Dynasty and The Rise of Modern Finance." Chernow examines one of the financing world's once most powerful institutions: the J.P. Morgan financing empire. And he traces the history of modern finance from the genteel, clubby world of banking to Wall Street of the 1980's when ruthlessness, and machismo became the rule.

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