The Cotton Kings

Capitalism and Corruption in Turn-of-the-Century New York and New Orleans

Business & Finance, Economics, Economic History, Nonfiction, History, Americas, United States, 20th Century
Cover of the book The Cotton Kings by Bruce E. Baker, Barbara Hahn, Oxford University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Bruce E. Baker, Barbara Hahn ISBN: 9780190211677
Publisher: Oxford University Press Publication: November 5, 2015
Imprint: Oxford University Press Language: English
Author: Bruce E. Baker, Barbara Hahn
ISBN: 9780190211677
Publisher: Oxford University Press
Publication: November 5, 2015
Imprint: Oxford University Press
Language: English

The Cotton Kings relates a colorful economic drama with striking parallels to contemporary American economic debates. At the turn of the twentieth century, dishonest cotton brokers used bad information to lower prices on the futures market, impoverishing millions of farmers. To fight this corruption, a small group of brokers sought to control the price of cotton on unregulated exchanges in New York and New Orleans. They triumphed, cornering the world market in cotton and raising its price for years. However, the structural problems of self-regulation by market participants continued to threaten the cotton trade until eventually political pressure inspired federal regulation. In the form of the Cotton Futures Act of 1914, the federal government stamped out corruption on the exchanges, helping millions of farmers and textile manufacturers. Combining a gripping narrative with the controversial argument that markets work better when placed under federal regulation, The Cotton Kings brings to light a rarely told story that speaks directly to contemporary conflicts between free markets and regulation.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The Cotton Kings relates a colorful economic drama with striking parallels to contemporary American economic debates. At the turn of the twentieth century, dishonest cotton brokers used bad information to lower prices on the futures market, impoverishing millions of farmers. To fight this corruption, a small group of brokers sought to control the price of cotton on unregulated exchanges in New York and New Orleans. They triumphed, cornering the world market in cotton and raising its price for years. However, the structural problems of self-regulation by market participants continued to threaten the cotton trade until eventually political pressure inspired federal regulation. In the form of the Cotton Futures Act of 1914, the federal government stamped out corruption on the exchanges, helping millions of farmers and textile manufacturers. Combining a gripping narrative with the controversial argument that markets work better when placed under federal regulation, The Cotton Kings brings to light a rarely told story that speaks directly to contemporary conflicts between free markets and regulation.

More books from Oxford University Press

Cover of the book Exporting American Dreams by Bruce E. Baker, Barbara Hahn
Cover of the book Democracy and the New Religious Pluralism by Bruce E. Baker, Barbara Hahn
Cover of the book After Digital by Bruce E. Baker, Barbara Hahn
Cover of the book Sound Play by Bruce E. Baker, Barbara Hahn
Cover of the book Families: Oxford Bibliographies Online Research Guide by Bruce E. Baker, Barbara Hahn
Cover of the book No Small Courage by Bruce E. Baker, Barbara Hahn
Cover of the book Empty Ideas by Bruce E. Baker, Barbara Hahn
Cover of the book "Daddy's Gone to War" by Bruce E. Baker, Barbara Hahn
Cover of the book Corporate Governance after the Financial Crisis by Bruce E. Baker, Barbara Hahn
Cover of the book Understanding Somatization in the Practice of Clinical Neuropsychology by Bruce E. Baker, Barbara Hahn
Cover of the book The Psychiatric Mental Status Examination by Bruce E. Baker, Barbara Hahn
Cover of the book Alzheimer's Disease and Dementia by Bruce E. Baker, Barbara Hahn
Cover of the book Three Streams by Bruce E. Baker, Barbara Hahn
Cover of the book Why Think? by Bruce E. Baker, Barbara Hahn
Cover of the book Flawed Advice and the Management Trap:How Managers Can Know When They're Getting Good Advice and When They're Not by Bruce E. Baker, Barbara Hahn
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy