Financial History Issue 130 (Summer 2019) | Page 4
Financial
history
The magazine of the
Museum of American Finance
in association with
the Smithsonian Institution
Issue 130 • Summer 2019
(ISSN 1520-4723)
IN THIS ISSUE
FEATURES
12 Financial Discrimination and Innovation
The American financial system’s long history of exclusion.
By Robert E. Wright
Kristin Aguilera
Editor
EDITORIAL ADVISORY BOARD
Howard A. Baker, Esq.
Howard Baker Associates
Lawrence A. Cunningham
16 Deflation, Up Close and Personal
How 3M conquered the Depression of 1921.
By Daniel C. Munson
The George Washington University
Brian Grinder
Eastern Washington University
Bradley Jones
Reserve Bank of Australia
Gregory DL Morris
Freelance Journalist
Susie Pak
St. John’s University
20 “A Commercial Emancipation”
for the Negro
Financing Black business in the 1920s.
By Shennette Garrett-Scott
Arthur W. Samansky
The Samansky Group
Myles Thompson
Columbia Business School Publishing
Janice Traflet
Bucknell University
Robert E. Wright
24 City of Debtors
A century of fringe finance.
By Anne Fleming
Augustana University
Jason Zweig
The Wall Street Journal
ART DIRECTION
Alan Barnett Design
MUSEUM STAFF
David J. Cowen, President/CEO
Kristin Aguilera, Deputy Director
Maura Ferguson, Director of Exhibits
Sarah Poole, Collections Manager
Linda Rapacki, Managing Director
of Visitor Services and Operations
Mindy Ross, Director, External Relations
Copyright © 2019 by the
Museum of American Finance, publisher,
25 Broadway, 5th Floor, New York, NY 10004.
Telephone: 212-908-4110. All rights reserved.
Financial History is the official membership
magazine of the Museum of American Finance.
29 Drumming Up Business
In 2020, the EPA turns 50 and
Superfund turns 40. Their effects
on business have been almost as big
as their effects on the environment.
By Gregory DL Morris
32 The Greatest Victorian
The life and times of banker and editor
of The Economist, Walter Bagehot.
By James Grant
34 Where Are They Now?
The Museum’s series on 207 of the underwriters of
the 1956 Ford IPO continues with the history of
Paine, Webber, Jackson & Curtis (founded in Boston in 1942).
By Susie J. Pak
2 FINANCIAL HISTORY | Summer 2019 | www.MoAF.org