Tag Archives: greenback

Unbelievable! Unrepeatable! Incredible! Offer Must End Soon! &c

When I wrote lately about putting some of my backlist on Kindle, I wondered aloud if this was a Good Thing – or the Slippery Slope.
The truth is, I suppose, Kindle is here and here to stay.
I recommend this article by George Packer in the New Yorker, about Amazon and their total control of information.

newyorker

Be that as it may, for authors I think it is the new best thing – and here is one reason for thinking so.

After my GREENBACK: The Almighty Dollar and the Invention of America inspired a 5 part BBC Radio 4 series at the end of last year, I revised and republished the book as a Kindle download. Here it is:

Greenback
It was immense fun – not least because every author, coming at a book after a gap of several years, sees what he wants to do differently this time round. That’s why would-be authors are often advised to put their manuscript in a drawer and forget about it for a while: when they come back to it they have the advantage of reading it anew, as a reader, not as the writer. That clunky paragraph? That darling line which you should have murdered first time round (cf. murder your darlings: Auden)? That digression which seemed so fascinating when it was something you had just discovered yourself?
Well, you follow my line of thought here, no doubt.
With a published book there’s usually nothing to be done about it – the book is there, it’s done, pasted between boards and out in the world.
But with GREENBACK for Kindle, I got a second bite at the cherry.
I trimmed it. I boosted up the argument I had made too faintly. I corrected the error a kindly reviewer had mentioned, en passant. I lopped a whole six pages – that digression! – from a chapter on the American Civil War. I performed literary liposuction on every chapter and the book was better for it. Honest. I made it zippier, funnier and more focussed.
And then, in about twenty minutes, I published it on Amazon.com. On Amazon.co.uk. On Amazon.fr and Amazon.de…and so on.
The story of the world’s favourite currency available to the whole world.

Gideon Fairman's engraving of Gilbert Stuart's portrait, on the dollar bill

Gideon Fairman’s engraving of Gilbert Stuart’s portrait, on the dollar bill

And here’s another reason for liking this process, one that should resonate with readers and authors but not, maybe, with publishers.
It’s control. I set the look, and the price – and when I want to get more people to see the book, maybe buy it – I can do a price promotion.
Right now, GREENBACK is available on Amazon.com at a ‘special’ price – ie, cheap. And that has the astonishing and slightly alarming effect of raising sales tenfold.
I cut the list price – $7.99 – by half. And have just sold ten times as many copies of the book. Go figure.
At $3.99 it is, I think, too cheap. It’s less than a throw-away magazine, or a skinny latte, or a bowl of olives in a restaurant. And it took me four years’ work.
On the other hand, writers want readers.
Ps But hurry! The Offer, as they say, Ends Soon!

Greenback: The Almighty Dollar

The BBC recently made a radio series on the history of the American dollar, and asked me along to talk about it, as the author of GREENBACK: The Almighty Dollar and the Invention of America.

The Athenaeum portrait of Washington, wearing his uncomfortable false teeth

The Athenaeum portrait of Washington, wearing his uncomfortable false teeth

 

Surprised? Well, it’s not a Yashim mystery, for sure: it’s the book I turned to after I’d written the story of the Ottoman Empire, Lords of the Horizons. I wanted to describe the rise of another empire – and zooming in on the story of America’s money seemed the way to do it. Oblique, maybe – but an astonishing tale. BBC Magazine ran this piece on the series.

Gideon Fairman's engraving of Gilbert Stuart's portrait, on the dollar bill

Gideon Fairman’s engraving of Gilbert Stuart’s portrait, on the dollar bill

 

As the shows aired, I took a look at GREENBACK again. I had to agree with a reader who recently noted striking parallels between the nineteenth century financial skulduggery it describes, and the 2007 financial crisis. It was a pity, he thought, that I hadn’t published the book after Lehman Brothers collapsed, the world banking system teetered, and the euro – that other new currency – began to unravel, a nightmare for countries in the grip of a deep and problematic recession.

Coming at GREENBACK after a lapse of years, I read with a fresh and readerly eye – a version of the old put-it-in-a-drawer-and-leave-it-for-six-months advice handed out to aspiring writers. I saw where the book lagged, and where it needed a tweak or a correction. So over Christmas, between the holly and the pudding, I revised GREENBACK wholesale, and wrote a new preface. I even tracked down a half-chapter which for some unaccountable reason had fallen out of the original manuscript, and restored it – it’s about Sir Walter Ralegh’s search for American gold, and the fate of the first settlement at Roanoke, in Virginia. It makes for spooky reading, and sits well with the whole thesis about the role of money in America.

 

The new Kindle edition

The new Kindle edition

 

I’ve now published the revised book on Kindle.  Here’s a selection of the reviews:

“The story of the dollar is the story of the country’s independence and emergence – and it couldn’t have been told more engagingly.” The Guardian.

“His engaging ‘Greenback’ … approaches the empire of the dollar with a foreigner’s sense of wonder and a dry wit.” The New York Times.

“Splendidly entertaining, fast-paced, and revelatory. . . Goodwin, who possesses the gift of concision and an impious eye for character, is a master at weaving together monetary theory and historical anecdote.” The Boston Globe

“A fanciful and charming meditation on money and the role it plays in our society, history, and culture. . .[Written] with flair, anecdote, and amusing aside.. . . A beguiling narrative.” Chicago Tribune

“[With] tidbits and tales that read more like novels. . . Greenback is a giddy ride into the past.” Barron’s

“A riveting story with a quirky cast of American characters that includes a few of the Founding Fathers, inventors, counterfeiters, secret agents, bankers, and swindlers.” The Christian Science Monitor