cam a22 4500 569364442 CHVBK 20200915050625.0 m d cr |n |||||||| 180630s2018 nyu sb 001 0 eng d 2018012327 978-0-231-18556-1 (cloth : alk. paper) 978-0-231-54621-8 (e-book) (SERSOL)ssj0002060438 (WaSeSS)ssj0002060438 LBSOR/DLC eng LBSOR DLC WaSeSS rda HB3717 1873 .D38 2018 330.9/034 23 Davies Hannah Catherine author Transatlantic speculations globalization and the panics of 1873 Hannah Catherine Davies New York Columbia University Press [2018] 1 online resource (xix, 226 pages) text txt rdacontent/eng computer c rdamedia/eng online resource cr rdacarrier/eng Includes bibliographical references and index. "Setting the stage: Institutions and cultures of speculation in the 1860s and early 1870s" -- The virtual world of financial information and the making of a bubble -- "Predicting and experiencing the panics of 1873" -- "Flows of paper, flow of gold: Theorizing the panics" -- Capitalism, conspiracy, corruption, and the moral economy of a financial crisis -- Criminalizing promoters, protecting shareholders--Conclusion. Lizenzbedingungen können den Zugang einschränken. License restrictions may limit access. "Davies's book examines the financial panics of 1873, considering both the financial speculations born of exuberance that led to these panics and the interpretative speculations born of the crises, and exploring what this in turn reveals about contemporary notions of the world economy and transnational economic entanglement. Davies begins by exploring the way in which information acted at first as a legitimating factor, with manuals and market reports explaining the nature of securities trading and making it not only intelligible, but seemingly profitable and attractive as well. She goes on to look at the role that financial reportage and the emergent financial press created a market for information, and the role the spreading or the consolidation of information could effect the actual market. This imbalance of information played a critical role in the reaction of the bubble that eventually burst and caused the panic of 1873. But the panic did not rectify the asymmetry of information, as is reflected in the differing explanations assigned to the panic on opposite sides of the Atlantic, and the differing responses to it. While Germany and Austria blamed American speculators, until changing targets in the grip of an antisemtic fervor, the Americans were largely unaware of the panic in Europe, and instead ascribed corruption and amorality to all ethnicities and classes. Thus, shareholder rights were soon granted sweeping protections in Austria and Germany, while in the United States the shareholders were actively blamed for the crash, and were accorded far fewer legal protections"-- Depressions 1873 United States Depressions 1873 Europe Speculation History 19th century Journalism, Commercial 19th century https://www.degruyter.com/openurl?genre=book&isbn=9780231546218 Uni Basel: Volltext https://www.degruyter.com/openurl?genre=book&isbn=9780231546218 Uni Bern: Volltext BK020053 XK020053 XK020000 De Gruyter PDA SSH eBooks De Gruyter PDA STM eBooks E-Books von 360MarcUpdates PDA Package: All eBook Content, incl. OWV/AV PDA5EBK IDSBB A145 A145 145VT NELA1451907 IDSBB B405 B405 405VT NELB4052004 IDSBB 100 1- Davies Hannah Catherine author IDSBB 856 40 https://www.degruyter.com/openurl?genre=book&isbn=9780231546218 Uni Basel: Volltext IDSBB 856 40 https://www.degruyter.com/openurl?genre=book&isbn=9780231546218 Uni Bern: Volltext SWISSBIB 558762123