Wall Street: A HistoryOxford University Press, 1997 M09 18 - 416 páginas In the seven years since the publication of the first edition of Wall Street, America's financial industry has undergone a series of wrenching events that have dramatically changed the nation's economic landscape. The bull market of the 1990's came to a close, ushering in the end of the dot com boom, a record number of mergers occurred, and accounting scandals in companies like Enron and WorldCom shook the financial industry to its core. In this wide-ranging volume, financial historian Charles Geisst provides the first history of Wall Street, explaining how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. In this updated edition, Geisst sums up the recent turbulence that has threatened America's financial industry. He shows how in 1997 thirty NASDAQ market makers paid a record $1.3 billion fine for price irregularities in stocks. He makes sense of the closing of the bull market, and explains a major change in the accounting rules for mergers that caused monumental losses for companies like AOL Time Warner. And he recounts how in the aftermath of the speculative fever that swept Wall Street in the 1990's, the scandals at Enron, Tyco, Worldcom, and Conseco represent a last gasp of mergermania and a fallout from a bubble-like market. Wall Street is at once the story of the street itself, from the days when the wall was merely a defensive barricade built by Peter Stuyvesant, to the modern billion-dollar computer-driven colossus of today. In a broader sense it is an engaging economic history of the United States, the role Wall Street played in making America the most powerful economy in the world, and the many challenges to that role it has faced in recent years. |
Contenido
Introduction | 3 |
The Early Years 17901840 | 7 |
The Railroad and Civil War Eras 184070 | 35 |
The Robber Barons 187090 | 64 |
The Age of the Trusts 18801910 | 99 |
The Money Trust 18901920 | 124 |
The Booming Twenties 192029 | 152 |
Wall Street Meets the New Deal 193035 | 196 |
Bull Market 195469 | 273 |
Bear Market 197081 | 299 |
Mergermania 198297 | 328 |
Running Out of Steam 1998 | 375 |
Notes | 403 |
Bibliography | 417 |
425 | |
The Struggle Continues 193654 | 244 |
Términos y frases comunes
American bankers became become began bond market borrowed bought Brandeis British brokers bull market capital central bank century clients collapse commercial banks Congress continued corporate crash deal decade depression Despite developed dollars Drexel early economic Federal Reserve fees firms foreign investors funds Glass-Steagall Glass-Steagall Act Goldman Sachs Gould helped holding companies Hoover houses industry institutions interest rates investment banking J. P. Morgan Jay Cooke junk bonds known largest later loans major ment merchant merger million money trust monopoly Morgan Stanley NASDAQ National City NYSE operations panic Pecora percent political president problems profit proved Pujo committee quickly railroad Raskob regulations robber barons Roosevelt selling Senate shares short selling sold speculators stock exchange stock market syndicate tion trading Treasury bonds trend underwriting United Wall Street York Stock Exchange
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Capital Ideas and Market Realities: Option Replication, Investor Behavior ... Bruce I. Jacobs Sin vista previa disponible - 1999 |
Searching for ALPHA: The Quest for Exceptional Investment Performance Ben Warwick Vista previa limitada - 2000 |