|Series||A Trilogy of Desire|
|Publisher||Harper & Brothers|
|Media type||Print (hardback & paperback)|
|Followed by||The Titan|
In Philadelphia, Frank Cowperwood, whose father is a banker, makes his first money passing by an auction sale, he successfully bids for seven cases of Castile soap, which he sells to a grocer the same day with a profit of over 70 percent. Later, he gets a job in Henry Waterman & Company, and leaves it for Tighe & Company. He also marries an affluent widow, in spite of his young age. Over the years, he starts misusing municipal funds with the aid of the City Treasurer. In 1871, the Great Chicago Fire redounds to a stock market crash, prompting him to be bankrupt and exposed. Although he attempts to browbeat his way out of being sentenced to jail by intimidating Mr Stener, politicians from the Republican Party use their influence to use him as a scapegoat for their own corrupt practices. Meanwhile, he has an affair with Aileen Butler, a young girl, subsequent to losing faith in his wife. She vows to wait for him after his jail sentence. Her father, Mr Butler dies; she grows apart from her family. Frank divorces his wife. Sometime after being released, he invests in stocks subsequent to the Panic of 1873, and becomes a millionaire again. He decides to move out of Philadelphia and start a new life in the West.
Allusions to actual history
- Henry Cowperwood is said to have no preference over abolitionism. Morever, he is said to favour Nicholas Biddle and the United States Bank over Andrew Jackson. Other historical elements include John Brown, Abraham Lincoln, the First Battle of Bull Run, the Siege of Vicksburg, the Battle of Gettysburg, the Battle of the Wilderness, and J. Proctor Knott.
- Frank is said not to believe in Adam and Eve.
- Benjamin Franklin's theory of the electric eel is mentioned.
- Cyrus West Field, William H. Vanderbilt, Cornelius Vanderbilt, Jay Gould, Daniel Drew, Charles Crocker, and Collis P. Huntington are mentioned.
- Dreiser modeled the main character, Frank Cowperwood, on the tycoon Charles Yerkes.
Allusions to other works
- Frank is said to own sculptures by Harriet Hosmer, Hiram Powers, Edward Clark Potter, and later Bertel Thorvaldsen.
- Lillian is described as someone from a painting by Dante Gabriel Rossetti or Edward Burne-Jones in Chapter XII. Later, Frank purchases paintings by William Morris Hunt, Thomas Sully, and William Hart. Upon the sale of his house, he is said to own paintings by Gilbert, Eastman Johnson, Édouard Detaille, Mariano Fortuny, George Inness Gobelin tapestry, sculptures by Antoine-Louis Barye
- Aileen likes to listen to Robert Schumann, Franz Schubert, Jacques Offenbach and Frédéric Chopin.
- In Chapter XXXVIII, Mrs Calligan's daughter is said to have read Charlotte Brontë's Jane Eyre, Edward Bulwer-Lytton, 1st Baron Lytton's Kenelm Chillingly, Ouida's Tricotrin, Amelia Edith Huddleston Barr's A Bow of Orange Ribbon.
- In the last chapter, William Shakespeare's Macbeth is mentioned.
- Daniel A. Zimmerman, Panic!: Markets, Crises, and Crowds in American Fiction (Cultural Studies of the United States), The University of North Carolina Press, 2006, p. 191