... regulated segment of the securities industry. To close out the history lesson, the paper will provide a closer look at recent economic events, and our society's initial response to these crises. As a basis for measuring the wisdom of recent ... English investment trusts. These trusts financed farm mortgages, railroads, and other industries. As the Industrial Revolution built, the investment bankers in Boston, New York, and Philadelphia catered primarily to the wealthy. These bankers were not meeting the needs of the new breed of ... borrow funds and as to the types of securities that ca...

• Word Count: 5805
• Approx Pages: 23
• Has Bibliography
• Grade Level: Undergraduate