Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
|
Your cart is empty |
|||
Showing 1 - 1 of 1 matches in All Departments
This book argues with facts and figures that a small group of New
York banks, by means of term loans and working in close
collaboration with their affiliated life insurance companies,
exerted a strong influence over the supply of money and credit, and
thus over the economy, throughout the years of the Depression. This
study analyzes the growth of term loan under the depression, the
concentration of the loans in a handful of powerful New York banks,
the interplay between these banks and large life insurance
companies in the capital market, and the resulting economic
consequences. It also details the changes that took place in the
leadership within the financial hierarchy during the depression:
the J.D. Rockefeller interests replaced the Morgan-First National
interests as the country's dominant financial power- a change that
has escaped previous scholarly notice.
|
You may like...
Herontdek Jou Selfvertroue - Sewe Stappe…
Rolene Strauss
Paperback
(1)
|