ALEXANDER HAMILTON AND THE ORIGINS OF WALL STREET
Howard M. Wachtel
Additional contact information
Howard M. Wachtel: American University
Economic History from University Library of Munich, Germany
The origins of Wall Street are tied to Alexander Hamilton's plans for the financing of the new nation and the funding of its debt. The two hundredth anniversary of Wall Street in 1992 occasioned many retrospectives that owe more to mythology than to historical veracity. Wall Street's earliest history consists of market corners, insider trading, and financial scandal that implicated the high (Alexander Hamilton) and the low (William Duer). The 1792 Wall Street response was in the form of private self-regulation in order to hold off governmental regulation, setting a precedent for public policy that carries well into the twentieth century. Using new historical methodology, this article reinterprets the formative financial period of 1790-1792 and the origins of Wall Street.
Keywords: Wall Street; Alexander Hamilton; formative financial period (search for similar items in EconPapers)
JEL-codes: N21 (search for similar items in EconPapers)
Note: Type of Document - WordPerfect; prepared on IBM PC ; to print on HP; pages: 33; figures: none. We never published this piece and now we would like to reduce our mailing and xerox cost by posting it.
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpeh:9610001
Access Statistics for this paper
More papers in Economic History from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().