Summary of The Talented Mrs. Mandelbaum by Margalit Fox ( Keynote reads )
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Margalit Fox's "The Talented Mrs. Mandelbaum" tells the story of Fredericka Mandelbaum, America's first great organized-crime lord. Born in 1850, Mandelbaum worked as a peddler in Lower Manhattan and became a fixture of high society. She was known as the "fence" of stolen goods and a criminal mastermind, planning robberies of cash, gold, and diamonds. Mandelbaum was also a business visionary, systemizing property crime through bank robbers, housebreakers, and shoplifters. The book portrays Gilded Age New York, a city filled with nefarious rogues and capitalist power brokers.
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A Glittering Hoard
In 1894, detectives from the Pinkerton Agency raided a haberdashery shop in Manhattan's Lower East Side, demanding the keys from shopkeeper Fredericka Mandelbaum. Mandelbaum refused, forcing the detectives to become safecrackers themselves. They attacked the safe, and a teenage girl named Annie entered, handing over the keys. The safe was unlocked, revealing an Aladdin's Cave filled with gems, jewelry, gold watches, silverware, and loose diamonds. The detectives also discovered priceless antique furniture, lace, and silk worth thousands of dollars. In Mrs. Mandelbaum's bedroom, melting pots and scales were found for weighing gold and diamonds. She and an employee were arrested.
Fredericka Mandelbaum, a renowned underworld figure, presided over a multi-million-dollar criminal operation that centered on stolen luxury goods and later diversified into bank robbery. She was known for her diamond-encrusted presence, generous philanthropy, and a network of thieves and resale agents. At her death, she had amassed a personal fortune of at least half a million dollars, equivalent to more than $14 million to $28 million today. As New York police chief George Washington Walling recalled, her business net was so widespread and her ingenuity as an assistant to criminals nearly approached genius.
Marm Mandelbaum, a notorious criminal in the 19th century, was a specialist in property crime, buying, camouflaging, and reselling stolen luxury items. She transformed herself into a mogul of illegitimate capitalism, running her operation as a well-oiled, for-profit corporate machine. Her career was marked by her ability to buy, camouflage, and resell stolen luxury items, establishing her reputation as a criminal receiver. By the mid-1880s, as much as $10 million had passed through her haberdashery shop on the Lower East Side.
Marm Mandelbaum's rise to underworld stardom as the undisputed financier, guide, counsellor, and friend of crime in New York
and her ultimate fall at the hands of the city's increasingly powerful bourgeois elite is a window into a little-explored side of Gilded Age America: the world of Herbert Asbury's Gangs of New York from the perspective of a sharp-witted, fiercely determined woman. Some modern observers have called Mrs. Mandelbaum a proto-feminist, but she was among the first to systematize the formerly scattershot enterprise of property crime, working out logistics, organizing chains of supply and demand, and constructing the venture first and