"The Free and Open People's Market": Political Ideology and Retail Brokerage at the New York Stock Exchange, 1913-1933
- 1 June 2009
- journal article
- Published by Oxford University Press (OUP) in Journal of American History
- Vol. 96 (1) , 44-71
- https://doi.org/10.2307/27694731
Abstract
Ever since its establishment in 1792, the New York Stock Exchange (nyse) had endured antipathy. But in 1913 it faced political onslaught. Muckrakers had fingered the nyse as the minion of monopoly capitalism. With the exchange caught in the cross hairs of Progressive reform, its future as a self-governing institution seemed in doubt. Would privately administered markets continue to value and circulate financial capital, free from any regulatory constraint?Keywords
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