{"product_id":"the-philadelphia-stock-exchange-and-the-city-it-made-hardback-9780812242249","title":"The Philadelphia Stock Exchange and the City It Made (Hardback) 9780812242249","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Philadelphia Stock Exchange and the City It Made\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eDomenic Vitiello (Author), George E. Thomas (With)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780812242249\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 14 April 2010\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e272 pages, 44 illus.\u003cbr\u003e22.9 x 15.2 x 1.5 cm, 0.666 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003ci\u003eThe Philadelphia Stock Exchange and the City It Made\u003c\/i\u003e recounts the history of America's first stock exchange and the ways it shaped the growth and decline of the city around it. Founded in 1790, the Philadelphia Stock Exchange, its member firms, and the companies they financed had profound impacts on the city's place in the world economy. At its start, the exchange and its members helped spur the development of the early United States, its financial sector, and its westward expansion. During the nineteenth century, they invested in making Philadelphia the center of industrial America, raising capital for the railroads and coal mines that connected cities to one another and built a fossil fuel-based economy. After financing the Civil War, they underwrote the growth of the modern metropolis, its transportation infrastructure, utility systems, and real estate development.\u003cbr\u003e At the turn of the twentieth century, stagnation of the exchange contributed to Philadelphia's loss of power in the national and world economy. This original interpretation of the roots of deindustrialization holds important lessons for other cities that have declined. The exchange's revival following World War II is a remarkable story, but it also illustrates the limits of economic development in postindustrial cities. Unlike earlier eras, the exchange's fortunes diverged from those of the city around it. Ultimately, it became part of a larger, global institution when it merged with NASDAQ in 2008.\u003cbr\u003e Far more than a history of a single institution, \u003ci\u003eThe Philadelphia Stock Exchange and the City It Made\u003c\/i\u003e traces the evolving relationship between the exchange and the city. For people concerned with cities and their development, this study offers a long-term history of the public-private partnerships and private sector-led urban development popular today. More generally, it traces the networks of firms and institutions revealed by the securities market and its participants. Herein lies a critical and understudied part of the history of metropolitan economic development.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface\u003cbr\u003e Introduction\u003cbr\u003e Chapter 1. Revolutions in Capitalism: The Origins of the Philadelphia Stock Exchange\u003cbr\u003e Chapter 2. National Capital: The Board of Brokers' Founding Generation\u003cbr\u003e Chapter 3. Trade Wars and Bank Wars: The Board of Brokers in the Early Republic\u003cbr\u003e Chapter 4. The \"Workshop of the World\": Industrial Capital and Industrial Revolutions\u003cbr\u003e Chapter 5. Bankrolling the Union, Building the Metropolis\u003cbr\u003e Chapter 6. Decadence: The Stock Exchange and the Fall of Philadelphia\u003cbr\u003e Chapter 7. Revival: Making a Postindustrial Market\u003cbr\u003e Chapter 8. Remapping Financial Capitalism: The PHLX's Long Ending\u003cbr\u003e Appendix\u003cbr\u003e Notes\u003cbr\u003e Index\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003c\/font\u003e","brand":"University of Pennsylvania Press","offers":[{"title":"Brand New","offer_id":52555710693656,"sku":"9780812242249","price":38.99,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-philadelphia-stock-exchange-and-the-city-it-made-hardback-9780812242249","provider":"Freshly Printed Books","version":"1.0","type":"link"}