Download or read book Caldwell and Company written by John Berry McFerrin and published by Vanderbilt University Press. This book was released on 2021-09-01 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the fascinating, detailed account of the rise and fall of the largest banking house ever before established in the South, whose financial misfeasance during the prosperous twenties led to its eventual collapse and brought ruin to numerous innocent investors. Caldwell and Company was founded in Nashville in 1917 by Rogers Caldwell, the son of a leading local banker and businessman. Beginning as a small underwriter and distributor of Southern municipal bonds, the firm soon branched out into real estate bonds and industrial securities as well. Control of important banks in Tennessee and Arkansas was acquired; newspapers, and even Nashville's professional baseball team, came under the firm’s ownership. Caldwell and Company was, truly, a pioneer conglomerate. Caldwell and Company also ventured into the realm of politics, supporting certain politicians (notably Colonel Luke Lea) with questionable benefits accruing to the firm, including substantial state deposits in Caldwells Bank of Tennessee. In November 1930 the firm went into receivership. Unethical practices, including overextension in the acquisition of banks, insurance companies, and other business, had already strain Caldwell and Company’s assets. With the 1929 collapse of stock prices. Rogers Caldwell could not meet the company’s obligations, and he began to squeeze all available cash from the various controlled firms. He also negotiated a merger between Caldwell and Company and Banco-Kentucky Company of Louisville—a transaction which must stand as one of the strangest deals in the annals of American business. Even the aforementioned State of Tennessee deposits, which helped float his empire for a while, could not prevent its collapse—a collapse which resulted in a multi-million dollar loss to Tennessee’s Treasury, public hysteria, and clamor for the impeachment of the Governor of Tennessee. Originally Published in 1939, this edition includes a new introduction in which the author comments on the long-run implications of the Caldwell episode and reports the outcome of legal actions, both civil and criminal, still pending at the time the book was first published.
Download or read book The Banking Panics of the Great Depression written by Elmus Wicker and published by Cambridge University Press. This book was released on 2000-12-04 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first study of five US banking panics of the Great Depression. Wicker's findings challenge many of the commonly held assumptions about the events of 1930 and 1931, and will be of use to monetary and financial historians and macroeconomists.
Download or read book Taming the Megabanks written by Arthur E. Wilmarth Jr and published by Oxford University Press, USA. This book was released on 2020 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banks were allowed to enter securities markets and become universal banks during two periods in the past century - the 1920s and the late 1990s. Both times the ensuing unsustainable booms led to destructive busts - the Great Depression of the early 1930s and the Global Financial Crisis of2007-09. Both times, universal banks made high-risk loans and packaged them into securities that were sold as safe investments to poorly-informed investors. Both times, governments were forced to arrange costly bailouts.Congress passed the Glass-Steagall Act of 1933 in response to the Great Depression. The Act broke up universal banks and established a decentralized financial system composed of three separate and independent sectors: banking, securities, and insurance. That system was stable and successful for overfour decades until the big-bank lobby persuaded regulators to open loopholes in Glass-Steagall during the 1980s and convinced Congress to repeal it in 1999.In Taming the Megabanks, Arthur Wilmarth, Jr. argues that we must separate banks from securities markets again to avoid another devastating financial crisis and ensure that our financial system serves Main Street business firms and consumers instead of Wall Street bankers and speculators. Wilmarth'scomprehensive and detailed analysis of the roles played by universal banks in the two worst financial catastrophes of the past century demonstrates that a new Glass-Steagall Act would make our financial system much more stable and less likely to produce boom-and-bust cycles. And giant universalbanks would no longer dominate our financial system or receive enormous subsidies.Congress did not adopt a new Glass-Steagall Act after the Global Financial Crisis. Instead, Congress passed the Dodd-Frank Act. Dodd-Frank's highly technical reforms tried to make banks safer but left the dangerous universal banking system in place. Universal banks continue to pose unacceptablerisks to financial stability and economic and social welfare. They exert far too much influence over our political and regulatory systems because of their immense size and their undeniable "too-big-to-fail" status.Taming the Megabanks forcefully makes the case for a a new Glass-Steagall Act to break up universal banks. A more decentralized and competitive system of independent banks and securities firms would not only provide better service to Main Street businesses and ordinary consumers but also bringstability to a volatile financial system.
Download or read book National Drug Code Directory written by and published by . This book was released on 1980 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Peter Taylor written by Hubert Horton McAlexander and published by LSU Press. This book was released on 2004-01-29 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Splendid. . . . McAlexander’s biography only makes it clearer than ever that Peter Taylor was our last great southern man of letters.”—Chicago Tribune “For those of us to whom Taylor’s writing is among the chief glories of 20th-century American literature, Peter Taylor: A Writer’s Life has much to tell us about how he emerged from what he called ‘the small old world we knew...in Tennessee’ and explored that world with such acuity, clarity, and unsentimental love.”—Jonathan Yardley, Washington Post Book World “McAlexander has done a splendid job of tracing the progression of Taylor’s writing through the circumstances of a surprisingly frenetic life...Anyone interested in the evolution of fiction writing in the last century will be delighted to come upon this volume...fascinating, sometimes amusing, and often heartbreaking.”—New York Times Book Review Hubert H. McAlexander’s accomplished portrait of Peter Taylor (1917–1994) achieves a remarkable intimacy with this central figure in the history of the American short story and one of the greatest southern writers of his time. McAlexander knits together the facts of Taylor’s life in a compelling, seamless account: his deep and distinguished family roots in Tennessee; his close bonds with writers from three generations, including Allen Tate, Robert Lowell, and James Alan McPherson; his establishment of the dysfunctional family as a force in American literature; and his perseverance as a writer, finally rewarded with the Pulitzer Prize at age seventy. Exhaustively researched and engagingly written, Peter Taylor presents a vivid picture of the man, the artist, and his literary milieu.
Download or read book A Practical Treatise on Bills of Exchange Promissory Notes and Bankers Checks written by Joseph Chitty and published by . This book was released on 1834 with total page 876 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Kentucky Sampler written by Lowell H. Harrison and published by University Press of Kentucky. This book was released on 2021-11-21 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Filson Club History Quarterly, first published in 1926, has long enjoyed a reputation as one of the nation's finest regional historical journals. Over the years it has published excellent essays on virtually every aspect of Kentucky history. Gathered together here for the first time are twenty-eight selections, chosen from the first fifty years of the journal's publication. These essays span the range of Kentucky history and culture from frontier criminals to best sellers by Kentucky women writers, and from Indian place names to twentieth century bank failures. Included among the essayists are Thomas D. Clark, J. Winston Coleman, Jr., Robert E. McDowell, Lowell Harrison, Hambleton Tapp, Julia Neal, Allan M. Trout, and many other well-known authorities on Kentucky history. The editors have arranged these essays into five chronological periods, which include the pioneer era, the antebellum years, the Civil War, the late nineteenth century, and the twentieth century. They have carefully chosen essays that provide a topical diversity within each category. Included in this volume are two brief introductory essays sketching the history of The Filson Club and The Filson Club History Quarterly.
Download or read book Summary of the Law of Bills of Exchange Cash Bills and Promissory Notes written by Sir John Bayley and published by . This book was released on 1849 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Short Treatise on the Law of Bills of Exchange cash bills and promissory notes written by John Bayley and published by . This book was released on 1849 with total page 682 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lessons from the Great Depression written by Peter Temin and published by MIT Press. This book was released on 1991-10-08 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Peter Temin also finds parallels in recent history, in the relentless deflationary course followed by the U.S. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory—supply-side economics.
Download or read book A Summary of the Law of Set off written by Basil Montagu and published by . This book was released on 1806 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tennesseans and Their History written by Paul H. Bergeron and published by Univ. of Tennessee Press. This book was released on 1999 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The authors introduce readers to famous personalities such as Andrew Jackson and Austin Peay, but they also tell stories of ordinary people and their lives to show how they are an integral part of the state's history. Sidebars throughout the book highlight events and people of particular interest, and reading lists at the end of chapters provide readers with avenues for further exploration."--BOOK JACKET.
Download or read book The Tennessee Virginia Tri cities written by Tom Lee and published by Univ. of Tennessee Press. This book was released on 2005 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Digest of the Law of Partnership written by Basil Montagu and published by . This book was released on 1815 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a collection of the cases decided in the courts of law and equity upon that subject.
Download or read book Coping with Financial Crises written by Hugh Rockoff and published by Springer. This book was released on 2017-11-09 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume is based on original essays first presented at the World Economic History Conference, Kyoto, Japan, in August 2015. It also includes three essays subsequently written especially for this volume. All of the essays focus on financial markets in the periods leading up to, during, and after financial crises, and all are based on new data and archival research. The essays in this volume enlarge the range of historical evidence on the causes and potential cures for financial crises. While not neglecting the United States or Britain, the usual focus of financial historians, it includes studies of financial markets in times of crisis in Japan, Sweden, France, and other countries to achieve a truly global and historical perspective. As a result of the research reported here the reader will be made aware of several neglected factors that have shaped financial crises including the most recent crisis. These factors are (1) the role played by monetary policy in causing and ameliorating crises, (2) the role played by international contagion in private financial markets in propagating financial crises, (3) the role played by variations in the institutional structures of financial markets in determining the impact of financial crises, and (4) the role played by the social background of the central bankers who must contend with financial crises in determining the final outcome.
Download or read book The Age of Entitlement written by Christopher Caldwell and published by Simon & Schuster. This book was released on 2021-01-05 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major American intellectual and “one of the right’s most gifted and astute journalists” (The New York Times Book Review) makes the historical case that the reforms of the 1960s, reforms intended to make the nation more just and humane, left many Americans feeling alienated, despised, misled—and ready to put an adventurer in the White House. Christopher Caldwell has spent years studying the liberal uprising of the 1960s and its unforeseen consequences and his conclusion is this: even the reforms that Americans love best have come with costs that are staggeringly high—in wealth, freedom, and social stability—and that have been spread unevenly among classes and generations. Caldwell reveals the real political turning points of the past half-century, taking you on a roller-coaster ride through Playboy magazine, affirmative action, CB radio, leveraged buyouts, iPhones, Oxycotin, Black Lives Matter, and internet cookies. In doing so, he shows that attempts to redress the injustices of the past have left Americans living under two different ideas of what it means to play by the rules. Essential, timely, hard to put down, The Age of Entitlement “is an eloquent and bracing book, full of insight” (New York magazine) about how the reforms of the past fifty years gave the country two incompatible political systems—and drove it toward conflict.
Download or read book Report of the Treasurer of the State of Alabama to the Governor for the Years written by Alabama. Treasury Department and published by . This book was released on 1926 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
