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| Material Type: | Internet resource |
|---|---|
| Document Type: | Book, Internet Resource |
| All Authors / Contributors: |
Charles R Geisst |
| ISBN: | 019517061X 9780195170610 0195170601 9780195170603 |
| OCLC Number: | 54828667 |
| Notes: | Edition statement from jacket. |
| Description: | 438 p. : ill. ; 25 cm. |
| Contents: | The early years (1790-1840) -- The railroad and Civil War eras (1840-70) -- The robber barons (1870-90) -- The age of the trusts (1880-1910) -- The money trust (1890-1920) -- The booming twenties (1920-29) -- Wall Street meets the New Deal (1930-35) -- The struggle continues (1936-54) -- Bull market (1954-69) -- Bear market (1970-81) -- Mergermania (1982-97) -- Running out of steam (1998- ). |
| Responsibility: | Charles R. Geisst. |
Abstract:
"In the seven years since the publication of the first edition of Wall Street, America's financial industry has undergone a series of wrenching events that have dramatically changed the nation's economic landscape. The bull market of the 1990s came to a close, ushering in the end of the dot-com boom, a record number of mergers occurred, and accounting scandals in companies like Enron and WorldCom shook the financial industry to its core." "In this wide-ranging volume, financial historian Charles R. Geisst provides the first history of Wall Street, explaining how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. In this updated edition, Geisst sums up the recent turbulence that has threatened America's financial industry. He shows how in 1997 thirty NASDAQ market-makers paid a record $1.3 billion fine for price irregularities in stocks. He makes sense of the closing of the bull market, and explains a major change in the accounting rules for mergers that caused monumental losses for companies like AOL Time Warner. He recounts how in the aftermath of the speculative fever that swept Wall Street in the 1990s, the scandals at Enron, Tyco, Worldcom, and Conseco represent a last gasp of mergermania and a fallout from a bubble-like market."--Jacket.
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