64 Money as Industrial Waste
The business of recycling greenbacks at the
Bureau of Engraving and Printing.
trustees
By Franklin Noll
Charlotte B. Beyer
Institute For Private Investors
68 The First Activist Congress
Stephen A. Cooper
The 37th Congress passes several acts that profoundly
change the federal government’s involvement in
many aspects of the nation’s business.
Nemco Brokerage, Inc.
David J. Cowen
President/CEO
Museum of American Finance
By Michael A. Martorelli
Andrea de Cholnoky
Korn/Ferry International
In This Issue
Departments
David N. Deutsch, Vice Chairman
David N. Deutsch & Company LLC
Charles M. Elson
4 Founder’s Letter
University of Delaware
By John E. Herzog, Founder and Chairman Emeritus
Niall Ferguson
Harvard University
Oxford University
5 Message to Members
By David Cowen, President and CEO
Michael S. Geltzeiler
NYSE Euronext
6 Exhibit Retrospective: 1989–2011
John E. Herzog, Chairman Emeritus
Herzog & Co., Inc.
8 The History of Financial History
Myron Kandel
By Kristin Aguilera
CNN
Kirkpatrick MacDonald
10 Educators’ Perspective
MacDonald & Cie
Can Capitalism Survive? Joseph Schumpeter’s Ironic Answer
By Dan Cooper and Brian Grinder
75 Trivia Quiz and Contest
76 Top 100 Financial History Books List
Voted by members of the Museum, with commentary
on selected books by Gregory DL Morris
Robert Muccilo
Consolidated Edison
Wilbur L. Ross, Jr.
WL Ross & Co., LLC
Richard M. Schaeffer
Shaf Consulting LLC
Timothy R. Schantz
Mountbatten Institute in NA
Mark Shenkman
Shenkman Capital Management, Inc.
David Shuler
CME Group
On the Cover
Images from 22 years of
exhibitions at the Museum
of American Finance.
Richard Sylla, Ph.D., Chairman
Stern School of Business
New York University
Charles V. Wait
The Adirondack Trust Company
Kenneth G. Winans, Treasurer
Winans International
www.MoAF.org | Spring/Summer 2011 | Financial History 3