Title: The speculation economy
First published: 2007
Description: Mitchell explains when, how, and why the stock market became the driving force of the American economy. Starting in the first decade of the 20th century, he tells the story of the legal, financial, economic, and social changes that allowed financiers to create large corporations for the main purpose of manufacturing stock and dumping it on the market. He shows how the federal government, wedded to an outdated economic model, failed to regulate finance and thus missed the chance to control corporations.
Subjects: Economic policy, Industries, Speculation, Finance, Corporations, Corporations, united states, Finance, united states, United states, economic policy
Places: United States
LC classification: HC103 .M684 2007