J.P. Morgan
Born sickly, financier J.P. Morgan grew into a physically towering figure. Born into wealth, he grew even greater wealth. Throughout his life, he showed a unique knack for taking something relatively...
View ArticleOrganization of the Petroleum Exporting Countries (OPEC)
The Organization of the Petroleum Exporting Countries (OPEC) is a multinational cartel formed in 1960 to promote greater control over production and price-setting in the global oil sector. From modest...
View ArticleIn Essentials, Unity: A Brief Essay on the Grange Movement
Perhaps you’ve seen them on a leisurely weekend drive through the countryside – small white structures graced with the sign “Grange Hall.” But you may not realize that the Grange was one of the...
View ArticleWomen and Wall Street: from Victoria Woodhull to “Fearless Girl”
ver since Wall Street first burst onto the national consciousness in the decades following the Civil War, American women have maintained an ambivalent attitude to the stock market. On the one hand,...
View ArticleThe Limited Corporation: A History of Global Capitalism
Instead of a creation of Western Europe, the limited liability company was a product of global competition and exchange. It was inextricable from the histories of powerful companies based in Beirut....
View ArticleThe Challenge of Transforming Global Economic Governance
Q&A with R. Bin Wong on his new article, “Modern Capitalism’s Multiple Pasts and Its Possible Future: The Rise of China, Climate Change, and Economic Transformation,” which was just published in...
View ArticleTechnology in the Industrial Revolution: So What?
The Industrial Revolution – which here will mean the mechanization of textile production in Britain between the 1760s and the 1840s – is too often packaged and served as a kind of a technological myth...
View ArticleHow Unions Transformed the Power of Capital into Power for Workers
The 1970s and 1980s marked a disaster for the U.S. labor movement. Gone was nearly one out of three members in the private sector, once the heart of organized labor. Today unions represent six percent...
View ArticleEnding Bretton Woods
On 15 August, 1971, President Richard Nixon shocked the world by ending the Bretton Woods international monetary system the United States had created in 1944. The system had been under pressure almost...
View ArticleUK Market Efficiency at the Turn of the 19th and 20th Centuries
Market Efficiency and the Close-End Fund Puzzle The ability of market prices to reflect all available, relevant information, is a core element of conventional financial theory (Fama, 1970). The main...
View ArticleThe Factory System: Origins, Development, and Impact on Manufacturing During...
Summary The factory system, which emerged during the Industrial Revolution in England, revolutionized manufacturing by combining machinery, new technologies, and the division of labor to increase...
View ArticleThe British Industrial Revolution: Innovations, Labor, and Societal...
Summary The British Industrial Revolution began in the textile industry, with inventions like the flying shuttle, spinning jenny, and Watt’s steam engine revolutionizing production. The factory system...
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