Project Gutenberg
2019-08-09
Public domain in the USA.
289
Van Antwerp, William C. (William Clarkson)
1867
1938
Antwerp, William Clarkson Van
Antwerp, William C. Van (William Clarkson)
Antwerp, W. C. Van
The Stock Exchange from Within
The functions of the Stock Exchange -- The uses and abuses of speculation -- The bear and short selling -- The relationship between the banks and the Stock Exchange -- Publicity in exchange affairs; cautions and precautions -- Panics, and the crisis of 1907 -- A brief history of legislative attempts to restrain or suppress speculation -- The day on 'Change, with suggestions for beginners -- The London Stock Exchange, and comparisons with its New York prototype -- The Paris Bourse; a monopoly under government -- Appendix: the report of the Hughes Commission.
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"The Stock Exchange from Within" by William C. Van Antwerp is a detailed examination of the stock exchange landscape, written in the early 20th century. This work combines elements of economic theory, practical insights, and a defense of the stock exchange as a vital institution in the American economy. The author seeks to clarify the functions, utilities, and social importance of stock exchanges, challenging the negative perceptions surrounding speculation and investment in financial markets. The opening of the book sets the stage for an in-depth exploration of the stock exchange, addressing common misconceptions regarding its purpose and value. The author begins by posing fundamental questions about the stock exchange's functions and stressing the significance of price discovery in economic transactions. He explains that the establishment of a fair market requires rigorous competition, and highlights the advantages of having a well-regulated exchange, which facilitates transparent trading and protects investors. By laying this groundwork, Van Antwerp effectively prepares the reader for a comprehensive discussion on the roles of speculation, pricing mechanisms, and the historical development of securities markets. (This is an automatically generated summary.)
Reading ease score: 53.9 (10th to 12th grade). Somewhat difficult to read.
en
New York Stock Exchange
Stock exchanges
HG
Text
Category: History - American
Category: Business/Management
Category: Economics
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