The work of the Stock Exchange

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Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

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

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XVII. The stock exchange and American business

Collection:: Economics Books

500 THE WORK OF THE STOCK EXCHANGE quently largely in the hands of her stock speculators, who will bear as stockholders the unavoidable risks of this progress. And in providing a market place where this necessary and vital work can be carried on, the Stock Exchange 1s destined to play an increasingly significant part in the basic and fundamental economic development of the United States. The more complete and dispassionate understanding of the machinery of industry, trade, and finance, which year by year the American public is obtaining, is already effecting a far- reaching change in public sentiment regarding the Stock Ex- change. With this fuller understanding the American public is ceasing to listen to the Siren songs of the self-seeking dem- agogue, or to look with prejudice and suspicion upon its princi- pal securities market. Instead, the American people are coming to have in regard to the Stock Exchange, the same legitimate touch of national pride that it feels for other swiftly created, yet great and efficient, American business organizations and institutions which the historian of the future will inevitably consider as monuments to the daring, enterprise, and progress of our race.

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