The Speculation Economy How Finance Triumphed over Industry |
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| Author:
| Mitchell, Lawrence E. |
| ISBN: | 978-1-57675-400-9 |
| Publication Date: | Oct 2007 |
| Publisher: | Berrett-Koehler Publishers, Incorporated
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| Book Format: | Hardback |
| List Price: | USD $35.00 |
Book Description:
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Finance took control of industry in a seven-year period,from 1897 to 1903. Twenty billion dollars in mostly newcapitalization flooded the American stock markets aspromoters and investment bankers combined existingindustrial plants in order to manufacture stock. Most ofthis stock represented only the promise of future profits;it had ......
Finance took control of industry in a seven-year period,from 1897 to 1903. Twenty billion dollars in mostly newcapitalization flooded the American stock markets aspromoters and investment bankers combined existingindustrial plants in order to manufacture stock. Most ofthis stock represented only the promise of future profits;it had ......