Sons of the Wild Jackass and the Stock Market

Cedric B. Cowing

Business History Review, 1959, vol. 33, issue 2, 138-155

Abstract: Heirs to the Populist-Progressive tradition in Congress declaimed, in the 1920', against low rediscount rates, the use of bank credit for speculative purposes, the rising volume of brokers' loans, and the flow of money to New York from the hinterland. In the bull market environment of the day the warnings went unheeded, in part at hast because of their origins.

Date: 1959
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