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The Philadelphia Stock Exchange: A ...
~
Shore, George B.
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The Philadelphia Stock Exchange: A study in tradition, adaptation, and survival (Pennsylvania).
Record Type:
Electronic resources : Monograph/item
Title/Author:
The Philadelphia Stock Exchange: A study in tradition, adaptation, and survival (Pennsylvania)./
Author:
Shore, George B.
Description:
412 p.
Notes:
Source: Dissertation Abstracts International, Volume: 64-02, Section: A, page: 0628.
Contained By:
Dissertation Abstracts International64-02A.
Subject:
History, United States. -
Online resource:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3081786
ISBN:
0496296582
The Philadelphia Stock Exchange: A study in tradition, adaptation, and survival (Pennsylvania).
Shore, George B.
The Philadelphia Stock Exchange: A study in tradition, adaptation, and survival (Pennsylvania).
- 412 p.
Source: Dissertation Abstracts International, Volume: 64-02, Section: A, page: 0628.
Thesis (Ph.D.)--Temple University, 2003.
At the time of the nation's founding, Philadelphia was America's largest city and its cultural, economic, and intellectual capital. It housed two pillars of the U.S. economy: the Bank of the United States and the first stock exchange. Historical evidence favors an abiding appreciation for the Exchange's foundational role in America's financial development.
ISBN: 0496296582Subjects--Topical Terms:
1017393
History, United States.
The Philadelphia Stock Exchange: A study in tradition, adaptation, and survival (Pennsylvania).
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412 p.
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Source: Dissertation Abstracts International, Volume: 64-02, Section: A, page: 0628.
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Chair: James W. Hilty.
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Thesis (Ph.D.)--Temple University, 2003.
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At the time of the nation's founding, Philadelphia was America's largest city and its cultural, economic, and intellectual capital. It housed two pillars of the U.S. economy: the Bank of the United States and the first stock exchange. Historical evidence favors an abiding appreciation for the Exchange's foundational role in America's financial development.
520
$a
Founded in 1790, the Philadelphia Stock Exchange functioned before that as a place for shipping merchants to exchange information, buy and sell goods, and insure cargos, developing into a forum to buy and sell bills of lading, promissory notes, colonial and state notes, and finally U.S. government bonds and bank stock. The changes brought on by the Revolution, the expanded use of the corporation, and the industrial and transportation revolutions directly impacted Philadelphia and other regional exchanges.
520
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Though eclipsed by New York's Exchange within a few decades, the Philadelphia Stock Exchange remained a vital component of the East's industrial and commercial infrastructure throughout the nineteenth and early twentieth centuries. In recounting the history of this important institution, an overriding question presents itself: How does one account for both the Exchange's relative decline in national importance and its longevity?
520
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The answers lie beyond the standard business and economic explanations in the character of Quaker Philadelphia, the end of Philadelphia's national financial aspirations after the Second Bank, and the closed membership ranks. While its sense of historical identity and rich tradition influenced fundamental business decisions, this study finds that the conservative tight-knit family membership pattern was at once a source of weakness as well as strength.
520
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In the last half of the twentieth century, the Exchange by necessity evolved into an adaptive institution, becoming price competitive, trading and designing new investment vehicles, and developing industry leading technology. Questions as to the continued existence of the Exchange arose in the 1990s after it ceased to function as a club, opened its ranks to a new breed of hungry traders, and as ties to traditional Philadelphia faded. Entering the twenty-first century, the Philadelphia Stock Exchange is challenged to draw upon its sense of historical identity while remaining relevant.
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http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3081786
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