Trading

Nolte, Vincent

After coming to New Orleans as a result of the Hope-Baring Operation during the Napoleonic Wars, Vincent Nolte went on to become one of the largest cotton dealers in the city after the war ended. In the great financial crisis of 1825, his business failed for the first time, and in the next great financial crisis of 1837-1839, he went bankrupt a second time. Likewise, his effort to begin anew in Europe also failed. In his final years he turned to writing, leaving behind several economic texts, as well as an autobiography.

Parish, David

Born into a rich Scottish merchant family based in Hamburg and in the neighboring formerly-Danish village of Nienstedten, David Parish was a merchant, financier, and entrepreneur who acquired riches, fame, and professional success in Europe and the United States between 1802 and 1823. Parish embodied the possibilities of his era: He used his personal abilities and social networks to become one of the most influential players in the international financial community; he was honored by his peers as well as by politicians like Charles-Maurice de Talleyrand, Friedrich von Gentz, and President James Madison. His downfall, however, resulted from a mixture of hubris, miscalculations, and general problems connected with the banking crisis of 1826.