History of Finance Capital in America: The Great Depression and Interwar Years

ISBN-13: 9781032727851 / Angielski

Go Tian Kang

Opis

Go details through institutional analysis how major financial institutions (including banks and insurance companies), industries, and the U.S. government behaved and linked with each other during the Great Depression and Inter-War period.

Spis treści

Contents

 

PREFACE

Chapter Ⅰ De-concentration after World War I (part 1)

—The emergence of new financial-industrial powers

Ⅰ The Rise of New Industries

Ⅱ The Formation of New Financial-Industrial Powers

1.  The Regional Financial-Industrial Powers

2.  The Investment Bankers and their Investment Trusts

3.  The Industrial Capitalists become Bankers

 

Chapter Ⅱ De-concentration after World War I (part 2)

—The response of Wall Street financial-industrial powers

Ⅰ Morgan-First National Group

Ⅱ National City Group

Ⅲ Chase Group

 

Chapter Ⅲ  The Renewed Dominance of Finance Capital under the Depression

 

Ⅰ The Dominance of Finance Capital

1.  Formation of the stock pool

2.  Leading the bond syndicates

3.  Concentration of bank loans

4.  The Massive withdrawal of brokers’ loans and its consequences

Ⅱ The Fall of the New Financial-Industrial Powers

1.  The elimination of powerful competitors in the financial center

2.  The fall of regional powers

Ⅲ Industrial Concentration Following the Crash

1.  Public utilities (power and gas)

2.  Electrical equipment

3.  Motor Cars

4.  Oil

5.  Steel

6.  Motion Pictures

7.  Newsprint

 

Chapter Ⅳ  The Growing Community of Interests

 

1. Public Utilities

2. Petroleum

3. Iron and Steel

4. Automobile sales finance

5. Chemicals

6. Tire

7. Tobacco

8. Distilleries

9. Canneries

10. Paper

11. Motion Pictures

12. Merchandizing

13. Aircraft

14. Shipbuilding

 

Chapter Ⅴ  The New Oligarchy

 

Ⅰ The Emergence of New Oligarchy

Ⅱ The Morgan-First National Group

1. The Four Morgan-First National Banks

2. The Three Big Insurance Companies

3. The Two Investment Banking Firms

Ⅲ The Rockefeller Group

1. Chase National Bank

2. Metropolitan Life and Equitable Life

3. The First Boston Corporation and Rockefeller’s subordinate allies in investment banking

Ⅳ National City Group

Ⅴ Wall Street’s Growing Influence over the Regional Groups

1. The Chicago banks’ growing dependence on the Wall Street financial powers

2. Subordination of Mellon to Rockefeller

3. Cleveland becomes a satellite of Wall Street

4. The new alliance between Boston and Rockefeller

 

Chapter Ⅵ  Finance Capital in Federal Finance

 

Ⅰ Financing the Reconstruction Finance Corporation (RFC)

Ⅱ Financing the New Deal Program

Ⅲ Supporting the emerging War Economy

 

APPENDIX

SELECTED BIBLIOGRAPHY

INDEX

O autorze

GO Tian Kang is Emeritus Professor of Chuo University, Japan. He is the author of American Commercial Banks in Corporate Finance 1929-1941 and has contributed numerous articles to economic journals.