The Masters of Capital
The Masters of Capital
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In our eReader you can find the full English version of the book. Read The Masters of Capital Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Masters of Capital
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To quickly assess the difficulty of the text, read a short excerpt:
The investigation of the insurance companies, with its results, was undeniably one of the factors which helped to save the situation when the panic of 1907 arrived. Had not the reckless finan- cial methods of handling insurance funds been curbed a few years before, the crash of 1907 would have been far more disastrous than it proved.
Digitized by VjOOQIC THE APEX OF "HIGH FINANCE" 133 The insurance companies were still loaded with large amounts of unsalable securities, but they bought no more, ...and under strict legal restric- tions in the course of time they liquidated most of their dangerous assets without material loss.
Digitized by VjOOQIC CHAPTER Vm THE PANIC OP 1907 AND AFTER It is not to be assumed that the concentration of banking power and the control of corporate activi- ties had no unfortunate accompaniments. Unques- tionably the consolidation of the great railroad systems of the country, under the "community of interest'' plan, resulted in greatly stabilizing freight rates; it increased efficiency of operation; it enabled the managements to develop large amounts of new business and to show greatly increased prof- its; and it bred a spirit of invincible optimism in Wall Street.
What to read after The Masters of Capital?
You can find similar books in the "Read Also" column, or choose other free books by Moody, John, 1868-1958 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The investigation of the insurance companies, with its results, was undeniably one of the factors which helped to save the situation when the panic of 1907 arrived. Had not the reckless finan- cial methods of handling insurance funds been curbed a few years before, the crash of 1907 would have been far more disastrous than it proved.
Digitized by VjOOQIC THE APEX OF "HIGH FINANCE" 133 The insurance companies were still loaded with large amounts of unsalable securities, but they bought no more, ...and under strict legal restric- tions in the course of time they liquidated most of their dangerous assets without material loss.
Digitized by VjOOQIC CHAPTER Vm THE PANIC OP 1907 AND AFTER It is not to be assumed that the concentration of banking power and the control of corporate activi- ties had no unfortunate accompaniments. Unques- tionably the consolidation of the great railroad systems of the country, under the "community of interest'' plan, resulted in greatly stabilizing freight rates; it increased efficiency of operation; it enabled the managements to develop large amounts of new business and to show greatly increased prof- its; and it bred a spirit of invincible optimism in Wall Street.
What to read after The Masters of Capital?
You can find similar books in the "Read Also" column, or choose other free books by Moody, John, 1868-1958 to read onlineMoreLess
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