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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...
Abraham Moise was born in Strasborg, in the Alsace region of France, in 1736. He and his wife and children emigrated to the U.S. in 1791, settling in Charleston, S.C., in which state his descendants largely remain.
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