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From J.P. Morgan to the Institutional Investor: A Financial History of the United States 19001970 [Kõva köide]

  • Formaat: Hardback, 412 pages, kõrgus x laius: 246x174 mm, kaal: 453 g
  • Sari: Financial History of the United States
  • Ilmumisaeg: 06-Jun-2022
  • Kirjastus: Routledge
  • ISBN-10: 1032161108
  • ISBN-13: 9781032161105
Teised raamatud teemal:
  • Formaat: Hardback, 412 pages, kõrgus x laius: 246x174 mm, kaal: 453 g
  • Sari: Financial History of the United States
  • Ilmumisaeg: 06-Jun-2022
  • Kirjastus: Routledge
  • ISBN-10: 1032161108
  • ISBN-13: 9781032161105
Teised raamatud teemal:

Originally published in 2002, this book recounts the numerous panics and economic downturns that recurred periodically in American finance in the 1900s, including the Stock Market Crash of 1929 and the ensuing Great Depression.



Originally published in 2002, this is the second of three volumes in a history of finance in America. This volume starts with the investment bankers who dominated finance at the beginning of the twentieth century. It then describes the Panic of 1907 and the resulting creation of the Federal Reserve Board (the 'Fed'). The volume then traces finance through World War I, and it examines the events that led to the stock market crash of 1929 and the Great Depression. From there it reviews the rebirth of finance after World War II and the growth of the institutional investor.

List of Illustrations
xiii
Preface xv
Acknowledgments xvii
Introduction xix
Chapter 1 A New Century
1 The Twentieth Century Begins
3(14)
The NYSE
3(2)
The Consolidated Stock Exchange
5(1)
The Curb Market
6(1)
Brokerage Firms
7(2)
The West Coast
9(1)
Speculators
10(1)
The Securities Business
10(2)
Mergers
12(1)
The Great Northern Battle
13(4)
2 Insurance, Banking, and Underwriting
17(12)
Insurance
17(1)
The Armstrong Investigation
18(2)
New Directions
20(1)
New Entrants Into the Banking Business
21(1)
Money Markets
21(1)
Consumer Credit
22(1)
The Big Banks
23(2)
Investment Banking
25(1)
Economic Consolidation
26(1)
Securities Disclosures
27(2)
3 The Panic of 1907
29(13)
J.P. Morgan to the Rescue
31(3)
Effects of the Panic
34(1)
The Hughes Committee
35(3)
Currency Issues
38(1)
Trading Continues
39(1)
Taxes
40(2)
4 The Federal Reserve and the Money Trust
42(13)
The Duck Hunters
43(2)
The Federal Reserve Is Created
45(1)
State Banks
46(1)
The Hunt for the Money Trust
47(3)
The Pujo Committee Attacks the NYSE
50(3)
The Pujo Committee Recommendations
53(2)
5 Banking and Securities Before the War
55(14)
Changing of the Guard
55(1)
Financial Institutions
56(1)
Bank Affiliates
57(1)
Blue-Sky Laws
58(2)
Financial Markets
60(3)
William Durant
63(1)
Automobile Finance
64(1)
International Finance
65(4)
Chapter 2 America Enters the War
1 World War I
69(11)
Prewar Finance
69(1)
International Payments
70(3)
American Financial Leadership
73(2)
America Enters the War
75(1)
The Liberty Loans
76(2)
War Finance
78(2)
2 War and the Stock Market
80(13)
The Money Committee
80(2)
The Capital Issues Committee
82(3)
Securities Trading
85(3)
Financial Changes
88(2)
Pension Plans
90(1)
Disturbances
90(1)
Accounting
91(2)
3 The Futures Markets
93(14)
Regulatory Issues
94(1)
The Cotton Futures Act
95(1)
Wartime Trading
96(3)
Postwar Problems
99(1)
The FTC Study
100(1)
Legislation
101(1)
Abuses Remain
102(2)
Additional Exchanges
104(1)
Clearinghouses and Other Issues
105(2)
4 Banking in the Twenties
107(16)
Consumer Finance
107(1)
Money Markets and the Fed
108(3)
Banking Operations
111(2)
Branch Banking
113(2)
International Banking
115(1)
Bank Securities Affiliates
115(3)
J.P. Morgan & Co.
118(1)
Government Finance
118(5)
Chapter 3 The Crash
1 The Stock Market Expands
123(14)
The NYSE
124(2)
Other Markets
126(2)
Information
128(1)
Investments
129(1)
Merrill Lynch and Other Giants
130(1)
Syndicate Operations
131(1)
William Durant
132(1)
More Automobiles
133(1)
Financial Troubles
134(3)
2 The Market Surge and Investment Trusts
137(11)
Investment Trusts
137(3)
The Big Investment Trusts
140(2)
Investment Trust Abuses
142(1)
Other Abuses
143(2)
Preferred Lists
145(1)
Real Estate
146(2)
3 The Stock Market Crash of 1929
148(12)
Speculative Orgies
148(1)
Manipulations
149(1)
Margin Concerns
150(3)
The Crash
153(3)
Aftermath
156(4)
4 The Banking Crisis
160(13)
Bank Failures
160(1)
The Reconstruction Finance Corporation
161(2)
Government Programs
163(1)
Bank Runs
164(1)
The New Deal
165(3)
The Investment Bankers Split
168(3)
Further Reforms
171(2)
5 Congress Investigates the Stock Market
173(16)
The Crisis Deepens
173(4)
Congressional Investigations
177(3)
Insider Trading
180(2)
Margin Trading
182(2)
Securities Legislation
184(5)
Chapter 4 Regulating Finance
1 Monetary Policy and the Depression
189(13)
Monetary Policy and International Finance
190(1)
The Gold Standard Is Abandoned
191(3)
The Silverites Return
194(1)
Fort Knox
195(1)
Government Intervention
195(2)
The Bonus Army
197(1)
NIRA
198(1)
More Relief Agencies
199(1)
Social Security
200(1)
Taxes
201(1)
2 The Federal Securities Laws
202(12)
Joseph Kennedy
202(1)
SEC Regulations
202(3)
Holding Companies
205(1)
The Whitney Scandal
206(1)
NYSE Reforms
207(1)
SEC Efforts
208(2)
The NASD
210(1)
Accounting
211(1)
Trust Indenture Act
212(2)
3 Commodity Market Reforms
214(12)
Speculation
214(1)
Farm Relief
214(1)
Trading Concerns
215(1)
President Hoover Becomes Alarmed
216(1)
Commodity Prices Continue Their Plunge
217(1)
Government Intervention
218(2)
Congress Investigates
220(2)
The Commodity Exchange Act
222(1)
Margin
223(1)
Commodity Markets
224(2)
4 The Market Suffers
226(11)
Trading Continues
226(2)
Government Securities
228(2)
Financing Business
230(2)
New Leaders
232(1)
Market Ups and Downs
233(2)
The Crisis Continues
235(2)
5 Investment Companies and Insurance Regulation
237(18)
Abuses
238(1)
Legislation
239(2)
Market Activity
241(3)
Government Investigations
244(1)
TNEC and a New Money Trust
245(1)
Insurance Industry Investigation
245(1)
Industry Composition
246(3)
Insurance Industry Investments
249(1)
Industry Abuses
250(5)
Chapter 5 War and the Rebuilding of Finance
1 World War II and Finance
255(14)
War Preparation
255(2)
Effects of the War in Europe
257(1)
Lend-Lease
258(1)
Commodity Trading
259(1)
Financial Effects of the War
260(1)
Government Finance
261(2)
War Loans
263(1)
Wartime Taxes
263(2)
Securities Markets
265(1)
Banking Activity
266(1)
Insurance Business
267(2)
2 After the War
269(17)
Demobilization
269(1)
Postwar Boom
270(1)
Speculation Resumes
270(2)
Truman's Attacks on Speculators
272(2)
Expanded Trading
274(1)
The IMF
275(2)
GATT
277(1)
The Marshall Plan
277(1)
Banking Operations
278(1)
Credit Cards
279(1)
Insurance Companies
280(1)
Financing Resumes
281(2)
Government and Finance
283(1)
Securities Trading and Information
284(2)
3 Korea and the War on the Investment Bankers
286(13)
Speculation
286(2)
Insurance Programs
288(1)
A New Money Trust Hunt
288(2)
Underwritings
290(2)
Stock Trading
292(1)
New Issues
293(2)
Securities Fraud
295(1)
Boiler Rooms
296(1)
Financial Changes
297(2)
4 The Fed and the 1950s
299(16)
The Treasury--Federal Reserve Accord
299(2)
Fixed Income Securities
301(2)
Small Businesses
303(1)
Commercial Banks and Thrifts
303(2)
Consumer Finance
305(1)
Credit Card Growth
306(1)
Banking Operations
307(1)
Bank Holding Company Legislation
307(1)
Banking Challenges
308(1)
International Finance
309(1)
Financial Concerns
310(5)
Chapter 6 A New Era Begins
1 Institutional Investors
315(11)
Investment Standards
315(1)
Insurance Business
316(1)
Annuities
317(1)
Pension Funds
318(2)
Mutual Funds
320(1)
Corporate Finance
320(1)
Securities Markets
321(2)
Financial Abuses
323(1)
Commodity Markets
323(1)
Increased Wealth
324(2)
2 Banking, Gold, and Trading
326(16)
Gold Problems
326(2)
Euro Dollars
328(1)
Problems on the AMEX
329(1)
Securities Trading
330(1)
Salad Oil Swindle
331(2)
Special Study of the Securities Markets
333(1)
Insider Trading and Other Concerns
334(1)
Government Finance
334(1)
Banking Consolidation and Regulation
335(1)
Crossing Regulatory Boundaries
336(3)
Banking Finance
339(1)
Government Securities
340(1)
Commodity Markets
341(1)
3 The Securities Markets
342(14)
Merrill Lynch
342(1)
Underwriting
343(1)
Stock Exchanges
344(2)
Exchange Competition
346(1)
Securities Information
346(1)
Mergers and Acquisitions
347(1)
Conglomerates
348(3)
Securities Markets and Mutual Funds
351(2)
IOS
353(3)
4 Institutions and Paperwork
356(13)
Insurance Companies
356(1)
Pension Plans and Other Institutional Investors
357(1)
Hedge Funds
358(1)
Institutional Membership
359(1)
Block Trades
360(1)
REITs
360(1)
Securities Trading
361(1)
Paperwork Crisis
362(2)
Legislation
364(2)
Stock Certificates
366(3)
Conclusion 369(4)
Notes 373(10)
Selected Bibliography 383(12)
Name Index 395(6)
Subject Index 401
Jerry W. Markham is a professor of law at Florida International University in Miami, USA, where he teaches corporate and international business law.