This is the first work to detail the main developments in the history of American investment banking and to set the story in the general context of American economic, political, and social history.

The book traces the rich history of one of America’s most important and least understood industries. It offers new insights on the effect of state and federal regulations on the investment banker, and measures the significance of the 1913 Pujo Committee ‘money trust’ and Gray-Pecora investigations.
-- Journal of Commerce