IN THIS ISSUE
▶ By David Cowen , President and CEO
▶ By Brian Grinder and Dan Cooper
▶ Reviewed by Gregory DL Morris
IN THIS ISSUE
4 Message to Members
▶ By David Cowen , President and CEO
5 The Ticker
The Museum displays collection highlights at the International Money Exposition ( IMEX ) in Nashville and pilots a wine tasting benefit to raise programming funds .
7 Educators ’ Perspective
The Personal Finances of Presidents , Part 5 : James Monroe
▶ By Brian Grinder and Dan Cooper
42 Book Review
A History of American Business Cycles , by Thomas Kevin Swift
▶ Reviewed by Gregory DL Morris
ON THE COVER
DEPARTMENTS
Detail of The Port of New Bedford from Crow Island , oil on canvas painting by William Bradford , 1854 . The 19th century version of the US venture capital industry was situated in New Bedford , Massachusetts , where a tight-knit community of Quakers quietly amassed fortunes from the whaling industry . See related article , page 14 .
Image courtesy of the New Bedford Whaling Museum
TRUSTEES
Peter A . Cohen , Chair Andover National Corporation
Andrea de Cholnoky , Co-Vice Chair Golden Seeds
Karen Seitz , Co-Vice Chair Fusion Partners
Sanford Crystal , Treasurer Alliant Insurance Services , Inc .
Alvi Abuaf Motive Partners Private Equity
Peter Akwaboah Morgan Stanley
Sabrina Bailey London Stock Exchange Group
Gregory Bauer Moody ’ s ( retired )
Douglas Cifu Virtu Financial
Marcy Cohen ING Americas
David J . Cowen , President / CEO Museum of American Finance
Lawrence A . Cunningham The George Washington University
Patrick Curtin Citi
John P . Davidson III OCC
Charles Elson University of Delaware
Eileen Fahey Fitch Ratings
Martin Fridson Lehmann , Livian , Fridson Advisors LLC
Adam Goldstein Archer Aviation
Martha Clark Goss American Water Works
Cory Gunderson Protiviti
Bradford Hu State Street Corporation
Carol Kaimowitz Retired Insurance Executive
Glenn Kaufman Kaufman Family LLC
Ranch Kimball Glorious Cahoots Capital Partners
Mitti Liebersohn Savills
Consuelo Mack WealthTrack
Joseph Mecane Citadel Securities
Anders Nemeth Oliver Wyman
Eamon Nolan Vinson & Elkins
Elizabeth O ’ Melia Dow Jones
Chris Perry Broadridge
Brad Peterson Nasdaq
Bob Pisani CNBC
Scott Reddel Accenture
Mark Shenkman Shenkman Capital Management , Inc .
David L . Shuler Paxos
Maria Smith Smith Affiliated Capital ( SAC )
Richard Sylla New York University
Saul Van Beurden Wells Fargo
Dan Veru Palisade Capital Management
Charles Wait The Adirondack Trust Company
John E . Herzog , Chairman and Trustee Emeritus
www . MoAF . org | Fall 2023 | FINANCIAL HISTORY 3