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Published in:
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2020 | OriginalPaper | Chapter

1. Introduction

Author : John H. Wood

Published in: Who Governs?

Publisher: Springer International Publishing

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Abstract

Market problems such as monopoly, fraud, speculation, and/or manipulation are perceived, the legislature passes a law to correct them, a bureaucracy is assigned to interpret and enforce the law, buyers and sellers comply, and the problems are solved. Or are they? Are the promises of politicians and the stories of textbooks believable? This book examines the public and government reactions, and the effectiveness of those reactions, to two famous sets of crises: the securities collapses of the Great Depression and the bank panics of the late nineteenth and early twentieth centuries, culminating in 1907.

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next chapter The Securities Act of 1933
Footnotes
1
The name bourse was derived from Roger Van der Burse’s inn in Bruges, Belgium, where merchants gathered to trade.
 
2
Bernard was a City merchant, Member of Parliament for the City, and Lord Mayor (1737), known as a defender of the City’s interests.
 
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Metadata
Title
Introduction
Author
John H. Wood
Copyright Year
2020
Book
Who Governs?

Print ISBN: 978-3-030-33082-8

Electronic ISBN: 978-3-030-33083-5

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-33083-5_1