【资料名称】:《A financial history of the United States》VOL2
【资料作者】:Jerry W. Markham
【出版社】:M.E.Sharpe
【免流量地址】:无
【解压密码】:无
【简介及目录】:
Contents
List of Illustrations xiii
Preface xv
Acknowledgments xvii
Introduction xix
Chapter 1. A New Century
1. The Twentieth Century Begins 3
The NYSE 3 • The Consolidated Stock Exchange 5 • The Curb
Market 6 • Brokerage Firms 7 • The West Coast 9 • Speculators 10
• The Securities Business 10 • Mergers 12 • The Great Northern Battle 13
2. Insurance, Banking, and Underwriting 17
Insurance 17 • The Armstrong Investigation 18 • New Directions 20
• New Entrants Into the Banking Business 21 • Money Markets 21
• Consumer Credit 22 • The Big Banks 23 • Investment Banking 25
• Economic Consolidation 26 • Securities Disclosures 27
3. The Panic of 1907 29
J.P. Morgan to the Rescue 31 • Effects of the Panic 34 • The Hughes
Committee 35 • Currency Issues 38 • Trading Continues 39
• Taxes 40
4. The Federal Reserve and the Money Trust 42
The Duck Hunters 43 • The Federal Reserve Is Created 45 • State
Banks 46 • The Hunt for the Money Trust 47 • The Pujo Committee
Attacks the NYSE 50 • The Pujo Committee Recommendations 53
5. Banking and Securities Before the War 55
Changing of the Guard 55 • Financial Institutions 56 • Bank
Affiliates 57 • Blue-Sky Laws 58 • Financial Markets 60 • William
Durant 63 • Automobile Finance 64 • International Finance 65
Chapter 2. America Enters the War
1. World War I 69
Prewar Finance 69 • International Payments 70 • American Financial
Leadership 73 •America Enters the War 75 • The Liberty Loans 76
• War Finance 78
2. War and the Stock Market 80
The Money Committee 80 • The Capital Issues Committee 82
• Securities Trading 85 • Financial Changes 88 • Pension Plans 90
• Disturbances 90 • Accounting 91
3. The Futures Markets 93
Regulatory Issues 94 • The Cotton Futures Act 95 • Wartime
Trading 96 • Postwar Problems 99 • The FTC Study 100
• Legislation 101 • Abuses Remain 102 • Additional Exchanges 104
• Clearinghouses and Other Issues 105
4. Banking in the Twenties 107
Consumer Finance 107 • Money Markets and the Fed 108 • Banking
Operations 111 • Branch Banking 113 • International Banking 115
• Bank Securities Affiliates 115 • J.P. Morgan & Co. 118 • Government
Finance 118
Chapter 3. The Crash
1. The Stock Market Expands 123
The NYSE 124 • Other Markets 126 • Information 128
• Investments 129 • Merrill Lynch and Other Giants 130 • Syndicate
Operations 131 • William Durant 132 • More Automobiles 133
• Financial Troubles 134
2. The Market Surge and Investment Trusts 137
Investment Trusts 137 • The Big Investment Trusts 140 • Investment
Trust Abuses 142 • Other Abuses 143 • Preferred Lists 145
• Real Estate 146
3. The Stock Market Crash of 1929 148
Speculative Orgies 148 • Manipulations 149 • Margin Concerns 150
• The Crash 153 • Aftermath 156
4. The Banking Crisis 160
Bank Failures 160 • The Reconstruction Finance Corporation 161
• Government Programs 163 • Bank Runs 164 • The New Deal 165
• The Investment Bankers Split 168 • Further Reforms 171
5. Congress Investigates the Stock Market 173
The Crisis Deepens 173 • Congressional Investigations 177 • Insider
Trading 180 • Margin Trading 182 • Securities Legislation 184
Chapter 4. Regulating Finance
1. Monetary Policy and the Depression 189
Monetary Policy and International Finance 190 • The Gold Standard Is
Abandoned 191 • The Silverites Return 194 • Fort Knox 195 • Government
Intervention 195 • The Bonus Army 197 • NIRA 198 • More Relief
Agencies 199 • Social Security 200 • Taxes 201
2. The Federal Securities Laws 202
Joseph Kennedy 202 • SEC Regulations 202 • Holding Companies 205
• The Whitney Scandal 206 • NYSE Reforms 207 • SEC Efforts 208
• The NASD 210 • Accounting 211 • Trust Indenture Act 212
3. Commodity Market Reforms 214
Speculation 214 • Farm Relief 214 • Trading Concerns 215 • President
Hoover Becomes Alarmed 216 • Commodity Prices Continue Their
Plunge 217 • Government Intervention 218 • Congress Investigates 220
• The Commodity Exchange Act 222 • Margin 223 • Commodity
Markets 224
4. The Market Suffers 226
Trading Continues 226 • Government Securities 228 • Financing
Business 230 • New Leaders 232 • Market Ups and Downs 233
• The Crisis Continues 235
5. Investment Companies and Insurance Regulation 237
Abuses 238 • Legislation 239 • Market Activity 241 • Government
Investigations 244 • TNEC and a New Money Trust 245 • Insurance
Industry Investigation 245 • Industry Composition 246 • Insurance
Industry Investments 249 • Industry Abuses 250
Chapter 5. War and the Rebuilding of Finance
1. World War II and Finance 255
War Preparation 255 • Effects of the War in Europe 257
• Lend-Lease 258 • Commodity Trading 259 • Financial Effects of
the War 260 • Government Finance 261 • War Loans 263 • Wartime
Taxes 263 • Securities Markets 265 • Banking Activity 266
• Insurance Business 267
2. After the War 269
Demobilization 269 • Postwar Boom 270 • Speculation Resumes 270
• Truman’s Attacks on Speculators 272 • Expanded Trading 274
• The IMF 275 • GATT 277 • The Marshall Plan 277 • Banking
Operations 278 • Credit Cards 279 • Insurance Companies 280
• Financing Resumes 281 • Government and Finance 283 • Securities
Trading and Information 284
3. Korea and the War on the Investment Bankers 286
Speculation 286 • Insurance Programs 288 • A New Money Trust
Hunt 288 • Underwritings 290 • Stock Trading 292 • New Issues 293
• Securities Fraud 295 • Boiler Rooms 296 • Financial Changes 297
4. The Fed and the 1950s 299
The Treasury–Federal Reserve Accord 299 • Fixed Income Securities 301
• Small Businesses 303 • Commercial Banks and Thrifts 303 • Consumer
Finance 305 • Credit Card Growth 306 • Banking Operations 307 • Bank
Holding Company Legislation 307 • Banking Challenges 308 • International
Finance 309 • Financial Concerns 310
Chapter 6. A New Era Begins
1. Institutional Investors 315
Investment Standards 315 • Insurance Business 316 • Annuities 317
• Pension Funds 318 • Mutual Funds 320 • Corporate Finance 320
• Securities Markets 321 • Financial Abuses 323 • Commodity
Markets 323 • Increased Wealth 324
2. Banking, Gold, and Trading 326
Gold Problems 326 • Euro Dollars 328 • Problems on the AMEX 329
• Securities Trading 330 • Salad Oil Swindle 331 • Special Study of the
Securities Markets 333 • Insider Trading and Other Concerns 334
• Government Finance 334 • Banking Consolidation and Regulation 335
• Crossing Regulatory Boundaries 336 • Banking Finance 339
• Government Securities 340 • Commodity Markets 341
3. The Securities Markets 342
Merrill Lynch 342 • Underwriting 343 • Stock Exchanges 344
• Exchange Competition 346 • Securities Information 346 • Mergers
and Acquisitions 347 • Conglomerates 348 • Securities Markets and
Mutual Funds 351 • IOS 353
4. Institutions and Paperwork 356
Insurance Companies 356 • Pension Plans and Other Institutional
Investors 357 • Hedge Funds 358 • Institutional Membership 359
• Block Trades 360 • REITs 360 • Securities Trading 361 • Paperwork
Crisis 362 • Legislation 364 • Stock Certificates 366
Conclusion 369
Notes 373
Selected Bibliography 383
Name Index 395
Subject Index 401
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