Anglo-American Securities Regulation
Cultural and Political Roots, 1690–1860

A history of the law governing the earliest stock markets in England and the United States.

Stuart Banner (Author)

9780521521130, Cambridge University Press

Paperback, published 22 August 2002

340 pages
22.9 x 15.2 x 2.3 cm, 0.55 kg

'Stuart Banner's Anglo-American Securities Regulation: Cultural and Political Roots, 1690–1860 convincingly demonstrates that, from the beginning, government was both internal and external to the securities exchanges.' International Finance

This book examines the regulation of the earliest securities markets in England and the United States, from their origins in the 1690s until the 1850s. Professor Banner argues that during the reign of Queen Anne a complex and moderately effective body of regulatory control was already extant, reflecting widespread Anglo-American attitudes toward securities speculation. He uses both traditional legal materials (including court opinions, statutes, and legal treatises) and as a broad range of non-legal sources (novels, broadsides, contemporary engravings) to examine contemporary images of stock markets and speculation practices, and he shows that securities regulation has a much longer ancestry than is often supposed. Insights from both legal and cultural history are utilised to explain how popular thought about the securities market was translated into regulation and, reciprocally, how that regulation influenced market structures and the activities of speculators.

Introduction
1. English attitudes toward securities regulation at its inception, 1690–1720
2. The South Sea bubble and English law, 1720–1722
3. English securities regulation in the eighteenth century
4. The development of American attitudes toward securities trading, 1720–1792
5. American securities regulation, 1789–1800
6. American attitudes toward securities trading, 1792–1860
7. American securities regulation, 1800–1860
8. Self-regulation by the New York brokers, 1791–1860
Conclusion
Bibliography
Index.

Subject Areas: Economic history [KCZ]