This revealing book, which describes the struggles for leadership and AMEX's return from near-disaster to a position of respect, is a must for anyone who has ever done any stock trading.
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AMEX is the fascinating history of the American Stock Exchange, the nation's second largest organized securities complex, from its inception in 1921 to 1971. It begins when the curbstone brokers, AMEX's predecessors, moved indoors and began trading at the New York Curb Market. For the first time, the story is told of the contest among the Big Board, the Curb, and the almost-forgotten Consolidated Stock Exchange. It traces the bull and bear market pitfalls, the political infighting that nearly caused its dissolution, and the reforms that saved the institution.
Robert Nathen Sobel was a professor of business history at Hofstra University for more than forty years and held a Ph.D. from New York University. He is author of more than two dozen books on American economic and business history, including Herbert Hoover and the Onset of the Great Depression and Coolidge: An American Enigma. Besides producing books, articles, book reviews, scripts for television and audiotapes, he was a weekly columnist for Newsday from 1972 to 1988. In 1998, Sobel was the recipient of the second Special Achievement Sidewise Award for Alternate History for this book, which was republished in 1998.At the time of his death he was a contributing editor to Barron's magazine He died Wednesday, June 2, 1999 of brain cancer. Professor Sobel was 68. Sobel is a highly esteemed business historian. Sobel's purpose in any book he wrote was to help his reader learn from them.
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