Financial History

Articles from No. 111, Fall

ACE GREENBERG: Tribute to a Wall Street Legend
From humble beginnings as the son of a clothier in Oklahoma City, Alan "Ace" Greenberg started his career on Wall Street as a clerk at Bear Stearns Com- panies, Inc. in 1949. He ended up running the show by 1978 after the legendary Salim L. "Cy" Lewis...
America's Fiscal Constitution: Its Triumph and Collapse
America's Fiscal Constitution: Its Triumph and Collapse By Bill White PublicAffairs, 2014 576 pages with notes and appendicesEvery policymaker, politician and pundit in America should read this book, even though author Bill White, a longtime Democratic...
Capitalism and the Common Good
The nation's largest artificial port was a 50:50 public-private ventureTwo magisterial feats of engineer- ing celebrate their centennial this year: The Panama Canal and the Houston Ship Channel. "A man, a plan, a canal: Pan- ama!" justifiably echoes...
CROSSING PARTY LINES to Resolve the S&L Crisis of the 1980s
They came to their unplanned collabora- tion from distinctly different paths - Henry B. Gonzalez, the descendent of industri- ous Mexican immigrants, and L. William Seidman, the Michigan accountant's son. Despite their divergent roads to influence, both...
Depression-Era Scrip
The Great Depression is remembered for the devastation it brought to the Ameri- can people. Joblessness, homelessness and debt plagued the country, but even when hundreds of banks closed, Americans found a way to continue commerce with local currencies...
High School Intern Designs App for MoAF Scavenger Hunt
High school students - and any Museum visitors with an Android phone - can now participate in an app- based version of a scavenger hunt of the Museum's permanent exhibits. The app was designed by 17-year-old Alexander de la Vega, a student from City...
Museum Adds Six New Courses for Fall 2014 Semester
The Museum has added six new courses for the Fall 2014 semes- ter, enhancing its already strong financial education program offerings for elementary though graduate-level students. The new classes include:* "The Market" - An interactive trading experience...
Opening Bell Signals Launch of Free Student Program
The start of fall means that our highly- successful summer program of free student admission has concluded. The program, fully funded by the firm of R.W. Press- prich, provided free access to the Museum for 3,444 students, enabling them to appre- ciate...
Plundered by Harpies: AN EARLY HISTORY OF HIGH-SPEED TRADING
On January 28, 1790, Representative James Jackson of Georgia rose and spoke in the then very-young House of Repre- sentatives, meeting in New York City. His purpose: to denounce high-speed traders."Three vessels, sir," Rep. Jackson thun- dered, "have...
Ukraine and Russia: "You Break It, You Bought It"
The drama in Ukraine has occupied global headlines for many months now and - while there are occasional signs that things are calming down - the overall pic- ture is not pretty. Most likely, Ukraine is going to lose large portions of its territory and...
Unforgiven: America's Controversial Attempt to Collect Repayment of Debt from Allied Nations Following the Great War
Beginning in April 1917, even before sending troops to fight Germany and the Central Powers, the United States govern- ment began lending billions of dollars to Great Britain, France and other allies to finance their war efforts. At the end of the Great...
Volunteer Spotlight: David Reitman
David Reitman has been a volunteer docent at the Museum for four years. As a member of the Visitor Services team, David leads tours for classes and adult groups every Tuesday. He also provides guided tours for Museum visitors in the recently- introduced...
When Competition Was a Dirty Word
Oil tycoon John D. Rockefeller, Sr. was no fan of competition. He believed that "ruinous competition" had been such a disruptive force in the early days of oil production that it threatened the very survival of the nascent industry. His solu- tion was...
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