On or about December 1910 human character changed, Virginia Woolf remarked, and well she might have. The company she kept, the Bloomsbury circle, took shape before the coming of World War I, and would have a lasting impact on English society and culture after the war. This book captures the dazzling world of Bloomsbury at the end of an era, and on the eve of modernism.

Peter Stansky depicts the vanguard of a rising generation seizing its moment. He shows us Woolf in that fateful year, in the midst of an emotional breakdown, reaching a turning point with her first novel, The Voyage Out, and E. M. Forster, already a success, offering Howards End and acknowledging his passion for another man. Here are Roger Fry, prominent art critic and connoisseur, remaking tradition with the epochal exhibition “Manet and the Post-Impressionists”; Vanessa Bell and Duncan Grant beginning their most interesting phase as artists; Lytton Strachey signing the contract for his first book; and John Maynard Keynes entering a significant new stage in his illustrious career.

Amid the glittering opulence and dismal poverty, the swirl of Suffragists, anarchists, agitators, and organizers, Stansky—drawing upon his historical and literary skills—brings the intimate world of the Bloomsbury group to life. Their lives, relationships, writings, and ideas entwine, casting one member after another in sharp relief. Even their Dreadnought Hoax, a trick played on the sacred institution of the navy, reveals their boldness and esprit. The picture Stansky presents, with all its drama and detail, encompasses the conflicts and sureties of a changing world of politics, aesthetics, and character.

From New York to Singapore, from Chicago to London, the trading floors of the world’s financial markets are icons of global capitalism. Images of them are used on the news all the time—traders burying their heads in their hands when the market is down, their arms flailing in a frenzy when fortunes are rising—to convey the current state of the economy. But these marketplaces, and the cultural life that sustains them, are dissolving into the ether of the digital age: powerful financial institutions are shutting down the trading pits, replacing face-to-face exchanges with an electronic network where traders sit, face to screen, finger to mouse, and compete in a global arena made up of digits and charts. 

Out of the Pits considers the implications of this sea change for everyone involved, from the traders and brokers to the market as a whole. Caitlin Zaloom takes us down to the floor at the Chicago Board of Trade and into a digital dealing room in the City of London. Drawing on her own firsthand experiences as a clerk and a trader and on her unusual access to these key sites of global finance, she explainshow changes at the world’s leading financial exchanges have transformed economic cultures and the craft of speculation; how people and places are responding to the digital transition; how traders are remaking themselves to compete in the contemporary marketplace; and how brokers, business managers, and software designers are collaborating to build new financial markets. 

A penetrating and richly detailed account of how cities, culture, and technology shape everyday life in the new global economy, Out of the Pits will be must reading for business buffs or anyone who has ever wondered how financial markets work.