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A Nation of Small Shareholders: Marketing Wall Street after World War II

£20.00

Product description

very good condition

Immediately after the frightening Great Crash of 1929, many Americans swore they would "never" or "never again" become involved in the stock market. Yet hordes of Americans eventually did come to embrace equity investing, to an extent actually far greater than the level of popular involvement in the market during the Roaring 1920s. A Nation of Small Shareholders explores how marketers at the New York Stock Exchange during the mid twentieth century deliberately cultivated new individual shareholders.

Janice M. Traflet examines the energy with which NYSE leaders tried to expand the country’s retail investor base, particularly as the Cold War emerged and then intensified. From the early 1950s until the 1970s, Exchange executives engaged in an ambitious and sometimes controversial marketing program known as "Own Your Share of America," which aimed to broaden the country’s shareholder base. The architects of the marketing program ardently believed that widespread shareownership would strengthen "democratic capitalism" which, in turn, would serve as an effective barrier to the potential allure of communism here in the United States.

Based on extensive primary source research, A Nation of Small Shareholders illustrates the missionary zeal with which Big Board leaders during the Cold War endeavored to convince factions within the Exchange as well as the outside public of the practical and ideological importance of building a true shareholder nation.

Item details

Author(s):
Traflet, Janice M.
Condition:
Used: very good
Format:
Hardback
ISBN-10:
142140902X
ISBN-13:
9781421409023
Publisher:
The Johns Hopkins University Press
Title:
A Nation of Small Shareholders: Marketing Wall Street after World War II

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About this item

very good condition

Immediately after the frightening Great Crash of 1929, many Americans swore they would "never" or "never again" become involved in the stock market. Yet hordes of Americans eventually did come to embrace equity investing, to an extent actually far greater than the level of popular involvement in the market during the Roaring 1920s. A Nation of Small Shareholders explores how marketers at the New York Stock Exchange during the mid twentieth century deliberately cultivated new individual shareholders.

Janice M. Traflet examines the energy with which NYSE leaders tried to expand the country’s retail investor base, particularly as the Cold War emerged and then intensified. From the early 1950s until the 1970s, Exchange executives engaged in an ambitious and sometimes controversial marketing program known as "Own Your Share of America," which aimed to broaden the country’s shareholder base. The architects of the marketing program ardently believed that widespread shareownership would strengthen "democratic capitalism" which, in turn, would serve as an effective barrier to the potential allure of communism here in the United States.

Based on extensive primary source research, A Nation of Small Shareholders illustrates the missionary zeal with which Big Board leaders during the Cold War endeavored to convince factions within the Exchange as well as the outside public of the practical and ideological importance of building a true shareholder nation.

Author(s):
Traflet, Janice M.
Condition:
Used: very good
Format:
Hardback
ISBN-10:
142140902X
ISBN-13:
9781421409023
Publisher:
The Johns Hopkins University Press
Title:
A Nation of Small Shareholders: Marketing Wall Street after World War II

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This item will be dispatched to UK addresses via second class post within 2 working days of receipt of your order. Standard UK delivery is currently free, no matter how many items you have in your basket. Any additional courier charges will be applied at checkout as they vary depending on delivery address.

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