Volkswirtschaftliches Lesebuch für Kaufleute

The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

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Monograph

Identifikator:: 879457236

URN:: urn:nbn:de:zbw-retromon-16989

Document type:: Monograph

Title:: Volkswirtschaftliches Lesebuch für Kaufleute

Place of publication:: Frankfurt a. O.

Publisher:: Verlag der Waldow'schen Buch- und Kunsthandlung (R. Wengler)

Year of publication:: 1905

Scope:: 1 Online-Ressource (XV, 514 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Fünfter Teil. — Verkehrswesen

Collection:: Economics Books

256 The Stock Market Crash—And After should be had, at any rate, before any resort to hasty and ill-considered legislation. The inquiry might be extended to include the investigation into the banking system recommended by President Hoover, relating to the development of “group” and “chain” banking systems. The President suggests that expansion of such systems without restraint might dangerously concentrate con trol of credits and prevent their proper direction within those areas which furnish banking deposits. But if legislation and voluntary remedial action are held in abeyance pending inquiry on these weighty matters, it is incumbent upon the investigators to do their work promptly. The nation endured many panics and listened to many elaborate reports on banking reform before comprehensive action was taken to provide the conduct of its business with an elastic money system. This system won unanimous support only after the Act had been applied. Will the serious lessons of the panic of 1929 be ignored and their application postponed until the nation runs into another similar catastrophe?

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Object: The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

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