Financing American Enterprise: The Story of Commercial Banking. By Paul B. Trescott. New York, Harper & Row, Publishers, 1963. Pp. xiii + 304. $4.50.

1964 ◽  
Vol 38 (2) ◽  
pp. 276-277
Author(s):  
Stuart W. Bruchey
Keyword(s):  
New York ◽  
Commercial Banking

The Expansion of the New York Securities Market at the Turn of the Century

1981 ◽  
Vol 55 (1) ◽  
pp. 75-85 ◽  
Author(s):  
Gene Smiley
Keyword(s):  
New York ◽  
Interest Rates ◽  
Commercial Banking ◽  
Turn Of The Century ◽  
Business History ◽  
Securities Market ◽  
Securities Markets ◽  
Financial Activity ◽  
Industrial Companies ◽  
Active Interest

Since the landmark article of Thomas Navin and Marian Sears on the rise of the market for industrial securities in the Business History Review (XXIX, June 1955), there has been an active interest in the causal relationship between the remarkable upsurge in corporate mergers of industrial companies early in this century, and the greater activity of the securities markets. Professor Smiley adds to this literature with a study of interest rates and the growth of activity in what contemporaries called “financial banking” (lending money for transactions in securities) as opposed to commercial banking. There are limits to the inference of cause and effect relations from financial activity, however, and historians must continue to study these phenomena merger by merger in order to draw conclusions as to the reasons for them.

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