Financing American Enterprise: The Story of Commercial Banking |
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Page 196
... profits and dividends . But about 1924 , the up- trend developed a momentum of its own . More and more people were buying , not for investment income , but for the capital gains that would result when the price of the stock went higher ...
... profits and dividends . But about 1924 , the up- trend developed a momentum of its own . More and more people were buying , not for investment income , but for the capital gains that would result when the price of the stock went higher ...
Page 259
... profits . Current profits provide funds for capital investment , and the prospect of future profits is essential as an incentive for such investment . Profits are effected by the flow of total spending through the economy , but they ...
... profits . Current profits provide funds for capital investment , and the prospect of future profits is essential as an incentive for such investment . Profits are effected by the flow of total spending through the economy , but they ...
Page 275
... profits . Over the years 1946-1960 , commercial banks averaged 8.4 per cent profit on their capital accounts , after taxes . By comparison , Amer- ican manufacturing corporations over the same period re- corded after - tax profits of ...
... profits . Over the years 1946-1960 , commercial banks averaged 8.4 per cent profit on their capital accounts , after taxes . By comparison , Amer- ican manufacturing corporations over the same period re- corded after - tax profits of ...
Contents
AMERICAN BANKING BEFORE 1863 | 16 |
ESTABLISHMENT OF THE NATIONAL | 40 |
AMERICAS AGE OF ENTERPRISE | 64 |
Copyright | |
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Financing American Enterprise: The Story of Commercial Banking Paul B. Trescott No preview available - 1982 |
Common terms and phrases
Allan Nevins American banking areas assets auto automobile bank credit bank loans bank-note bank's bankers became bonds boom borrowers branch branch banking Bray Hammond business firms capital cash cent century chartered circulation City Bank commercial banks Congress consumer corporate created currency debt demand depositors depression economy enterprise expanded facilities farm farmers Federal Reserve Act Federal Reserve System finance free banking funds gold growth important income increased increasingly industry inflation instalment institutions interest rates investment J. P. Morgan Jay Cooke labor banks lending major Mellon ment merchants million monetary policy money supply mortgage loans national banking system needed number of banks operations output Pacific panic payments Pennsylvania period postwar President private banks problem production profits purchases rail railroad rise role savings securities sumer tion tional bank total expenditures town Treasury Treasury securities Trust Company United York