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Absent evidence to the contrary, it is usually assumed that US financial markets developed in spite of government attempts to regulate, and therefore laissez faire is the best approach for developing critically important and enduring market institutions. This book makes heavy use of extensive archival sources that are no longer publicly available to describe in detail the discussions inside the CBOT and the often private and confidential negotiations between industry leaders and government officials. This work suggests that, contrary to the accepted story, what we now know of as modern futures markets were heavily co-constructed through a meaningful long-term collaboration between a progress...
Was Bruno Hauptmann an innocent carpenter, or a cold-blooded killer?
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No other official record or group of records is as historically significant as the 1790 census of the United States. The original 1790 enumerations covered the present states of Connecticut, Delaware, Georgia, Kentucky, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, and Virginia. Unfortunately, not all the schedules have survived, the returns for the states of Delaware, Georgia, Kentucky, New Jersey, Tennessee, and Virginia having been lost or destroyed, possibly when the British burned the Capitol at Washington during the War of 1812, though there seems to be no proof for this. For Virginia...
From market memoirs, newspapers, financial journals, and Congressional records, the author has woven a narrative describing the political, social, and economic adjustment of the American people to the speculative machinery that developed between 1868 and the New Deal. The book begins with the struggle of Populist legislators, representing stable farmers, to win a Congressional ban of future commodity trading. Congress failed to act, but anti-speculation, a characteristic of Populism, remained important. In the Progressive era, the stock market rivaled the commodity exchanges for attention. Criticism of market practices was rampant as stories of Plungers spread, but no halt came until the cra...