1st Edition
History of Finance Capital in America The Great Depression and Interwar Years
Contents
PREFACE
Chapter Ⅰ De-concentration after World War I (part 1) —The emergence of new financial-industrial powers
Ⅰ The Rise of New Industries
Ⅱ The Formation of New Financial-Industrial Powers
1. The Regional Financial-Industrial Powers
2. The Investment Bankers and their Investment Trusts
3. The Industrial Capitalists become Bankers
Chapter Ⅱ De-concentration after World War I (part 2) —The response of Wall Street financial-industrial powers
Ⅰ Morgan-First National Group
Ⅱ National City Group
Ⅲ Chase Group
Chapter Ⅲ The Renewed Dominance of Finance Capital under the Depression
Ⅰ The Dominance of Finance Capital
1. Formation of the stock pool
2. Leading the bond syndicates
3. Concentration of bank loans
4. The Massive withdrawal of brokers’ loans and its consequences
Ⅱ The Fall of the New Financial-Industrial Powers
1. The elimination of powerful competitors in the financial center
2. The fall of regional powers
Ⅲ Industrial Concentration Following the Crash
1. Public utilities (power and gas)
2. Electrical equipment
3. Motor Cars
4. Oil
5. Steel
6. Motion Pictures
7. Newsprint
Chapter Ⅳ The Growing Community of Interests
1. Public Utilities
2. Petroleum
3. Iron and Steel
4. Automobile sales finance
5. Chemicals
6. Tire
7. Tobacco
8. Distilleries
9. Canneries
10. Paper
11. Motion Pictures
12. Merchandizing
13. Aircraft
14. Shipbuilding
Chapter Ⅴ The New Oligarchy
Ⅰ The Emergence of New Oligarchy
Ⅱ The Morgan-First National Group
1. The Four Morgan-First National Banks
2. The Three Big Insurance Companies
3. The Two Investment Banking Firms
Ⅲ The Rockefeller Group
1. Chase National Bank
2. Metropolitan Life and Equitable Life
3. The First Boston Corporation and Rockefeller’s subordinate allies in investment banking
Ⅳ National City Group
Ⅴ Wall Street’s Growing Influence over the Regional Groups
1. The Chicago banks’ growing dependence on the Wall Street financial powers
2. Subordination of Mellon to Rockefeller
3. Cleveland becomes a satellite of Wall Street
4. The new alliance between Boston and Rockefeller
Chapter Ⅵ Finance Capital in Federal Finance
Ⅰ Financing the Reconstruction Finance Corporation (RFC)
Ⅱ Financing the New Deal Program
Ⅲ Supporting the emerging War Economy
APPENDIX
SELECTED BIBLIOGRAPHY
INDEX
Biography
Go Tian Kang is an Emeritus Professor at Chuo University, Japan. He is the author of The Rise of Finance Capital in America (in Japanese) and American Commercial Banks in Corporate Finance, 1929–1941. He has contributed numerous articles to economic journals and has tought at the University of Tokyo, Peking University and other universities in Asia.
