You Searched For:
Theme:
"Banking"
Join us for a screening of the new PBS documentary, Rediscovering Alexander Hamilton, with commentary by producer/director Michael Pack.
» Events
Join us for a lunchtime event with Dr. Warren Richman, owner of Alexander Hamilton’s powderhorn, who will present his interpretation of the symbolism on the powderhorn.
» Events
The Museum's 90-minute walking tour of the Financial District, with an emphasis on the Revolutionary period. Tour participants will be admitted free of charge to the Lunch and Learn Series event at 12:30 pm.
» Events
Discover the female power brokers who have shaped the history of Wall Street with this 90-minute walking tour of the Financial District.
» Events
The Museum's Saturday walking tour of the Financial District. 90-minute tour meets at the Museum at 1 pm. $15 per person.
» Events
The Museum's Saturday walking tour of the Financial District. 90-minute tour meets at the Museum at 1 pm. $15 per person.
» Events
The Museum's Saturday walking tour of the Financial District. 90-minute tour meets at the Museum at 1 pm. $15 per person.
» Events
The Museum's Saturday walking tour of the Financial District. 90-minute tour meets at the Museum at 1 pm. $15 per person.>
» Events
Jean Strouse is the author of Morgan, American Financier and Alice James, A Biography, which won the Bancroft Prize in American History and Diplomacy.
» Events
Lecture, book signing and reception with author Niall Ferguson on "The Ascent of Money."
» Events
The Museum's monthly walking tour of the Financial District. 90 minute tours meet at the Museum at 11 am and 1 pm. $25 per person.
» Events
The Museum's monthly walking tour of the Financial District. 90 minute tours meet at the Museum at 11 am and 1 pm. $25 per person.
» Events
The Museum's monthly walking tour of the Financial District. 90 minute tours meet at the Museum at 11 am and 1 pm. $25 per person. Rain or shine.
» Events
The Museum's monthly walking tour of the Financial District. 90 minute tours meet at the Museum at 11 am and 1 pm. $25 per person. Rain or shine.
» Events
Economic problems -- including the stock market crash; banking failures; the housing meltdown; the Treasury bail-out; job losses; the actions of the Federal Reserve -- collectively constitute Issue No. 1 for the American people. How they are being discussed by the Presidential candidates and how the media is covering those discussions will make for a spirited session by some experienced journalists.
» Events
Explore Wall Street's history on the anniversary of the Stock Market Crash of 1929 with this tour of the Financial District.
» Events
When the U.S. housing bubble fully burst in 2007 and home prices dropped, 1.25 million subprime mortgages foreclosed, up 80% from 2006. Projections of 2.5 million foreclosures for 2008 seem likely. Over $1 trillion in subprime mortgages will likely be revalued at 60-80% of their original value before the home mortgage crisis and subsequent, but related, credit crisis is worked through.
Few of us question the little slips of green paper that come and go in our wallets, purses and pockets. While we may obsess over how much we have at any one time, we do not subject the notes themselves to close scrutiny: most of us cannot remember (without looking) which scene goes with what denomination, or even the secular saints whose portraits adorn the front. Our ignorance is a testament to just how secure we feel about the currency and how little we need to question the underlying value of these scraps of paper. The money is in our hands, it is green, and it has a number on it: that is all we need to know. It was not always so. In the years between the Revolution and the Civil War, money inspired not faith, but nagging doubt and scrutiny.
The Museum commemorated the centennial anniversary of the Panic of 1907 with a symposium featuring prominent authors and historians followed by a keynote address by Federal Reserve Governor Frederic Mishkin.
» Events
To understand fully the Crash and Panic of 1907, one must consider its context: it was a time somewhat like the present. A Republican moralist was in the White House. War was fresh in mind. Immigration was fueling dramatic changes in society. New technologies were changing people's everyday lives. Business consolidators and their Wall Street advisers were creating large, new combinations through mergers and acquisitions, while the government was investigating and prosecuting prominent executives -- led by an aggressive young prosecutor from New York. The public's attitude toward business leaders, fueled by a muckraking press, was largely negative. The government itself was becoming increasingly interventionist in society and, in some ways, more intrusive in individual life. Much of this was stimulated by a postwar economic expansion that, with brief interruptons, had lasted about 50 years, although in recent months a major natural disaster had disturbed the equilibrium of the nation's fragile financial system. As Mark Twain supposedly said, "History may not repeat itself, but it occasionally rhymes."
Wall Street suffered its first crash in March 1792. In a matter of weeks, U.S. government securities comprising the national debt lost a quarter of their value. Shares of the Bank of the United States, founded in 1791, fell 30 percent. Shares of the new Society for Establishing Useful Manufactures fell 45 percent. A more seasoned issue, Bank of New York shares, declined just under 20 percent. Defaults and bankruptcies were numerous. As confidence and trust collapsed, a pall fell over New York and, to a lesser extent, the Philadelphia and Boston securities markets. But potentially damaging economic consequences of the panic were avoided, it is now quite clear, by very modern central-bank-like interventions orchestrated by Secretary of the Treasury Alexander Hamilton.
Cutthroat deals, take no prisoners, war rooms; the language of combat is often used to describe the world of business. But throughout history, the cliched comparison has been no mere metaphor for many stock exchanges. The crippling or disruption of exchanges by wars is nothing new, from the New York Stock & Exchange Board (today's NYSE) suspending trading in seceding states in 1861, to the arduous history of the Belgrade Stock Exchange, to the 1983 suspension of the Beirut Stock Exchange after nearly a decade of civil war in Lebanon. It reopened in 1995.
In this trenchant and provocative examination of the American way of empire, acclaimed author and historial Niall Ferguson ranges across the entire history of America's foreign entanglements, and delves into all the different dimensions of American power -- military, cultural, economic and political.
» Events
Capital markets are wondrous things. No nation with a good one is poor; no nation without one is rich, unless one counts as wealth the income reaped by the temporary exploitation of oil and gold, blood and bone. Alas, institutions as complex as capital markets do not usually arise of their own accord. To flourish, as they have in America, they typically require, at a minimum, political stability and a helpful hand from on high. Alexander Hamilton provided both.
Back when the United States was primarily a primarily an agrarian society, the banker, the doctor, the preacher, the lawyer and, in a way, the bar owner, were the enduring pillars of each town. It was the town banker, however, who enabled the farm-centric communities to survive and thrive.
Ron Chernow, whom The New York Times has called "as elegant an architect of monumental histories as we've seen in decades," brings to startling life the man who was the principal designer of the federal government, the catalyst for the emergence of the two-party system, the patron saint of Wall Street, and the object of ardent idolatry as well as vehement loathing by his peers.
» Events
MacDonald, a former investment banker, examines the historical linkage between political freedom and public debt, showing why representative governments have been able to borrow more cheaply from citizen lenders than autocratic heads of state who do not consider their citizens to be equals.
» Events
The British Empire was the largest in all history: the nearest thing to global domination ever achieved. The world we know today is in large measure the product of Britain's Age of Empire.
» Events
2004 marked the 20th anniversary of the re-emergence of securities trading in the People's Republic of China. In 1984, the government approved the issuance of the first publicly issued stock since 1949. The issuing company was the state-owned Beijing Tian-Quio Department Store, which issued a three-year fixed interest rate stock that resembled a three-year bond in Western financial markets. Beginning in 1990, China also permitted the establishment of 24 regional stock exchanges to trade the slowly expanding number of new shares. In late 1990, China formally re-established two fully functioning national stock exchanges, one in Shanghai and one in the southern Chinese city of Shenzhen. All Chinese share trading was gradually moved to these two exchanges, beginning in late 1990. After 12 years of rapid growth, China again became a major stock market in the Far East, third in size after Japan and Hong Kong.
The development of underwriting syndicates is a phenomenon of late 19th century America arising out of the need for investment banks to pool their own capital to underwrite the new issue securities being sold to fund the growth of American industry. The railroad, steel, mining and utility industries all had significant capital requirements.
Exhibit-based games and activities for students in grades K-5.
A classroom guide to the "Banking in America" exhibit, including learning objectives, vocabulary, discussion questions and a classroom activity.