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Other People's Money and How the Bankers Use It is a collection of essays written by Louis Brandeis published as a book in 1914. The book attacked the use of investment funds to promote the consolidation of various industries under the control of a small number of corporations, which Brandeis alleged were working in concert to prevent competition. Brandeis harshly criticized investment bankers who controlled large amounts of money deposited in their banks by middle-class people. The heads of these banks, Brandeis pointed out, routinely sat on the boards of railroad companies and large industrial manufacturers of various products, and routinely directed the resources of their banks to promote the interests of their own companies. These companies, in turn, sought to maintain control of their industries by crushing small businesses and stamping out innovators who developed better products to compete against them.
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Louis Brandeis published Other People's Money in 1914 to warn of the dangers of the "money trust" - the extensive control a few powerful banks exercised over the nation's money supply and American industry. This new edition places Brandeis's influential work in the context of Progressive-era reform and describes the key role that Brandeis and his book played in shaping early twentieth-century public policy. Photographs, a chronology, questions for consideration, a bibliography, and an index are also provided.About the Author:
Melvin I. Urofsky is professor of constitutional history at Virginia Commonwealth University in Richmond. He is coeditor, along with David W. Levy, of the multivolume Letters of Louis D. Brandeis and has also written biographies of Brandeis, Felix Frankfurter, and Stephen S. Wise. His most recent works include A Conflict of Rights: The Supreme Court and Affirmative Action (1991) and Letting Go: Death, Dying, and the Law (1993).
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Book Description CreateSpace, 2009. Condition: New. book. Seller Inventory # M1438285264
Book Description CreateSpace, 2009. Paperback. Condition: Brand New. 154 pages. 9.00x6.00x0.38 inches. In Stock. This item is printed on demand. Seller Inventory # 1438285264
Book Description CreateSpace, 2009. Paperback. Condition: New. Brand New!. Seller Inventory # VIB1438285264