Get A financial history of the United States (1900-1970) PDF

By Jerry W. Markham

ISBN-10: 0765607301

ISBN-13: 9780765607300

This finished monetary background of the U.S. makes a speciality of the expansion and enlargement of banking, securities and coverage because the colonial interval. The ebook breaks down into classes of frenzied hypothesis, quiet progress, panics and livid growth.

Show description

Read or Download A financial history of the United States (1900-1970) PDF

Best photography & video books

Kenny Kim's The Wedding Photographer's Planner PDF

Because of Kenny Kim, we have this extraordinary e-book that is helping you get via all of the various steps of what will be performed ahead of, in the course of and after capturing a wedding.
If you wish a few counsel on the way to deal with consumers, what to do at a consumer assembly or the way to current your paintings: you need to purchase THIS BOOK!
Again: thank you Kenny for sharing the affection ;)

Les amuse-gueules by Jean-Claude Godon PDF

Un eventail de recommendations judicieuses quant au choix de l accompagnement de vos boissons, pour toutes vos reunions, qu elles soient a caractere intime ou plus ceremonieuses. Des tas d idees colorees, faciles a realiser, quels que soient votre finances et votre temps disponible, pour realiser vous-meme ces petites bouchees, chaudes ou froides, qui, personnalisees et exploitees avec gout, raviront vos invitations.

Additional info for A financial history of the United States (1900-1970)

Example text

The Hughes Committee urged the NYSE to upgrade listing requirements and recommended that the NYSE’s unlisted trading department be abolished. The committee made other recommendations that would presage the current federal securities laws. It thought that criminal liability should be imposed against persons making advertisements for securities that they knew to be false or for which they had no reasonable grounds for believing true. The Board of Trade in London had already opined that an official investigation should be made into the soundness, good faith, and prospects of companies.

The Armstrong Committee rendered a ten-volume report on the insurance industry that, among other things, reviewed the organization of life insurance companies, their investments, political contributions, lobbying, and use of rebates. The Armstrong Committee’s investi- INSURANCE, BANKING, AND UNDERWRITING 19 gation revealed a number of abuses by members of the insurance industry, including “parking” transactions that were designed to conceal losses on securities investments. P. Morgan & Co. at par on December 31, 1903, with an agreement to repurchase them immediately after the first of the year at the same price ($800,000).

Its first underwriting was for the United Cigar Manufacturers, which later became the General Cigar Company. Goldman did not have the resources to conduct the United Cigar underwriting on its own, so Henry Goldman asked Philip Lehman at Lehman Brothers to assist. Lehman Brothers was then dealing in investment securities, as well as commodity transactions on the cotton, coffee, and produce exchanges in New York. In 1906, Goldman Sachs & Co. had another opportunity for underwriting for Sears, Roebuck & Co.

Download PDF sample

A financial history of the United States (1900-1970) by Jerry W. Markham


by Michael
4.4

Rated 4.58 of 5 – based on 15 votes