The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VII. The Age of Mergers

Collection:: Economics Books

The Age of Mergers 113 able needs. In protecting the consumer, the law should also protect the producer against cutthroat competition with its “profitless prosperity” followed by bankruptcy and curtailment of output, resulting in prices even higher than would have existed under an organization to regulate output and prices. But much has already been done by way of legis- lation to protect producers and consumers against the wide fluctuations in output and prices in basic industries. Much has been done, also, through the agency of the Federal Reserve Board to stabilize more effectively the general price level for the pro- tection of all producers and consumers everywhere against insidious changes in the value of the dollar, and consequent losses which cannot be guarded against by any trade association or combination. What has been said about the superior economies of mergers, and the consequent increase in the price level of their securities during the long bull market, does not mean that many corporations are not still on trial before the bar of public opinion. Professor William Z. Ripley of Harvard University did a pub- lic service a few years ago in exposing the misleading or inadequate financial statements from certain large companies. Professor Ripley contended that visi- bility might be aided by floodlights of publicity at the point where the Main Street of widespread popular investment crosses Wall Street. This suggestion, by the way, was originally advanced with special refer- ence to railways more than a generation ago by Pro- fessor Arthur Twining Hadley, now Presidents

Access restriction

Copyright

fullscreen: The stock market crash - and after

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation