Financial History Issue 119 (Fall 2016) | Page 4

Financial history The magazine of the Museum of American Finance in association with the Smithsonian Institution Issue 119 • Fall 2016 (ISSN 1520-4723) Kristin Aguilera IN THIS ISSUE FEATURES 13 The Always Evolving Federal Reserve Interpreting the Fed’s history through its nearly constant institutional change over the last century.  By Peter Conti-Brown Editor EDITORIAL ADVISORY BOARD Howard A. Baker, Esq. Howard Baker Associates Lawrence A. Cunningham The George Washington University 16 “Our Whole System Is in Disorder” Alexander Hamilton as a revolutionary reformer.  By Richard Sylla Brian Grinder Eastern Washington University Gregory DL Morris Freelance Journalist Arthur W. Samansky The Samansky Group Bob Shabazian American Stock Exchange (ret.) Myles Thompson 20 Queen of the Corporate Gadflies Profile of Wilma Porter Soss, the legendary shareholder activist who energetically pressed management for a wide range of reforms over more than 40 years.  By Janice Traflet Columbia Business School Publishing Robert E. Wright Augustana University Jason Zweig The Wall Street Journal ART DIRECTION Alan Barnett Design 24 Jay Gould, the Union Pacific Railroad and Value Creation The financial and business genius of one of the most misunderstood and under-appreciated figures in financial history.  By Maury Klein and Joseph Calandro, Jr. MUSEUM STAFF David J. Cowen, President/CEO Kristin Aguilera, Deputy Director Tony Critelli, Accountant Jeanne Driscoll, Director of Development Maura Ferguson, Director of Exhibits Chris Meyers, Director of Education Sarah Poole, Collections Manager Linda Rapacki, Managing Director of Visitor Services and Operations Mindy Ross, Director, External Relations Copyright © 2016 by the Museum of American Finance, publisher, 48 Wall Street, New York, NY 10005. Telephone: 212-908-4110; fax: 212-742-0573. All rights reserved. Financial History is the official membership magazine of the Museum of American Finance. 28 Shadow Courts Examining the little-known tribunals that rule global trade.  By Haley Sweetland Edwards 32 Recalling the “Fed Dove” Nancy Teeters, the first female governor of the Federal Reserve, opposed high rates.  By Gregory DL Morris 2    FINANCIAL HISTORY  |  Fall 2016  | www.MoAF.org