Financial History 25th Anniversary Special Edition (104, Fall 2012) | Page 4
The magazine of the
Museum of American Finance
in association with
the Smithsonian Institution
Issue 104 • Fall 2012
IN THIS ISSUE
17 Restoring the Faith of Investors
Members of the Museum’s Advisory Board give their thoughts on
the future of finance, while reflecting on the industry’s past.
By John C. Bogle, William Harrison,
Henry Kaufman and Duncan L. Niederauer
EDITORIAL ADVISORY BOARD
Howard Baker Associates
Eastern Washington University
Gregory DL Morris
Arthur W. Samansky
The Samansky Group
American Stock Exchange (ret.)
Robert E. Wright
The Wall Street Journal
Diana E. Herzog
Alan Barnett Design
David J. Cowen, President/CEO
Kristin Aguilera, Deputy Director
Jeanne Driscoll, Director of Development
Linda Rapacki, Managing Director
of Visitor Services and Operations
Becky Laughner, Director of Exhibits and Archives
Maura Ferguson, Director of Exhibits
and Educational Programs
Alexis Sandler, General Counsel
Arturo Gomez, Business Manager
Copyright 2012 by the
Museum of American Finance, publisher,
48 Wall Street, New York, NY 10005. Telephone:
212-908-4110; fax: 212-908-4601. All rights reserved.
Financial History is the official membership
magazine of the Museum of American Finance.
Annual individual membership is $55. Payment must
be made in dollars, by credit card or check payable
to the Museum of American Finance.
There is no implied endorsement
of any advertiser in this magazine.
20 Capital Markets and US Victory
in the Space Race, 1957–1970
The period of American and Soviet
technological competition was a large
and highly-lucrative source of business
for American aerospace and
related technological firms.
By Peter Kline
24 A Museum of Finance: Why?
Exploring the power of finance in history.
By Richard Sylla
28 Breaking Out of the Pit
As equity markets shuddered in 1987,
commodity markets faced their own challenges.
By Gregory DL Morris
32 Financing the War of 1812
Examining the need for a central bank
on the 200th anniversary of the
“Second War for Independence.”
By David J. Cowen
36 The Great Recession
In an update to his classic Wall Street: A History, Charles Geisst
explains why the events occurring during the recent credit crisis
would have been familiar to anyone who lived through the
Crash of 1929 and the Great Depression.
By Charles Geisst
39 Henry Flagler, Standard Oil
and the 1870s Oil War
The business life of Rockefeller’s partner,
and his role in “The Cleveland Massacre.”
By Alan Lavine
2 FINANCIAL HISTORY | Fall 2012 | www.MoAF.org
Howard A. Baker, Esq.