000			03411nam a2200409 i 4500
001			2015018313
003			DLC
005			20190729110406.0
008			150518s2015 nyu 000 0 eng
010			_a 2015018313
020			_a9780190211653 (hardback : alk. paper)
040			_aDLC _beng _erda _cDLC _dMiTN
042			_apcc
043			_an-us---
050	0	0	_aHD9075 _b.B35 2015
082	0	0	_a381/.413510973 _223
084			_aHIS036060 _aBUS023000 _2bisacsh
100	1		_aBaker, Bruce E., _d1971-
245	1	4	_aThe cotton kings : _bcapitalism and corruption in turn-of-the-century New York and New Orleans / _cBruce E. Baker and Barbara Hahn.
264		1	_aNew York : _bOxford University Press, _c2015.
300			_axi, 214 pages ; _c24 cm
336			_atext _2rdacontent
337			_aunmediated _2rdamedia
338			_avolume _2rdacarrier
520			_a"In the second decade of the twenty-first century, many Americans feel they are subject to economic forces beyond their control. Some critics of today's economy compare it to the rampant inequality of the late nineteenth century, when robber barons manipulated the economy to their own benefit. Others object to the remedies that were applied in the early twentieth century, insisting that markets work best when governed least. In The Cotton Kings, historians Bruce E. Baker and Barbara Hahn relate a colorful account of an economic drama with striking parallels to contemporary American economic debates. At the turn of the twentieth century, dishonest cotton brokers used bad information to lower prices on the futures market, impoverishing millions of farmers. To fight this corruption, a small group of brokers sought to control the price of cotton on unregulated exchanges in New York and New Orleans. They triumphed, cornering the world market in cotton and raising its price for years. However, the structural problems of self-regulation by market participants continued to threaten the cotton trade until eventually political pressure inspired federal regulation. In the form of the Cotton Futures Act of 1914, the federal government stamped out corruption on the exchanges, helping millions of farmers and textile manufacturers. Joining a gripping narrative with the controversial argument that markets work better when placed under federal regulation, The Cotton Kings brings to light a rarely told story that speaks directly to contemporary conflicts between free markets and regulation"-- _cProvided by publisher.
505	8		_aMachine generated contents note: -- Introduction -- Ch 1 New Orleans and the Future of the Cotton Trade -- Ch 2 The Value of Information -- Ch 3 Building a Bear Trap -- Ch 4 Cornering Cotton -- Ch 5 Of Weevils and Wool Hats -- Ch 6 Of Scandals, Sunshine, and Manipulation -- Ch 7 Revenge of the Bears -- Ch 8 The Perpetual Squeeze -- Ch 9 The Cotton Futures Act of 1914 -- Conclusion -- Notes -- Bibliography -- Index.
650		0	_aCotton trade _zUnited States _xHistory _y19th century.
650		0	_aCotton trade _zUnited States _xHistory _y20th century.
651		0	_aUnited States _xCommerce _xHistory.
650		7	_aHISTORY / United States / 20th Century. _2bisacsh
650		7	_aBUSINESS & ECONOMICS / Economic History. _2bisacsh
700	1		_aHahn, Barbara, _d1967-
948			_au609485
949			_aHD9075 .B35 2015 _wLC _c1 _hEY8Z _i33039001395085
596			_a1
903			_a32959
999			_c32959 _d32959