The Margin Trader

Kemper Simpson

Published by Harper & Brothers, 1938

About this Item

Hardcover, Gray cloth boards with black title to spine, stated first edition 1938 with Harper date codes D-N, indexed, 170 pp. This book examines margin trading practices during one of the most turbulent periods in American financial history. Published in 1938, just nine years after the devastating Wall Street Crash of 1929, Simpson's work provides contemporary analysis of the margin trading practices that contributed to the stock market collapse and subsequent Great Depression. Margin trading, where investors could purchase stocks by putting down as little as 10 percent of the share value and borrowing the rest, was a significant factor in the speculative bubble of the 1920s. The book addresses the role of margin calls, broker lending practices, and the psychological aspects of speculation that led to the market's downfall. Simpson was an economic adviser to the Securities and Exchange Commission and authored several works on economics and finance, including "Economics for the Accountant," "Introduction to World Economics," and "Big Business, Efficiency and Fascism." His insider perspective provides valuable insight into the regulatory reforms being implemented in the 1930s following the establishment of the SEC in 1934. The work serves as both a technical analysis of securities trading practices and a cautionary examination of the dangers of excessive speculation. Published during the era when new federal regulations were being implemented to prevent future market crashes, this book captures the contemporary understanding of what went wrong in the 1920s stock market boom. Securities trading, margin calls, stock market crash, Great Depression, financial regulation, SEC, Harper Brothers, 1930s economics, Wall Street, speculation, broker lending, investment analysis, financial history, economic policy, New Deal era.

Seller Inventory # 000524

Bibliographic Details

• Title: The Margin Trader
• Publisher: Harper & Brothers
• Publication Date: 1938
• Language: English
• Binding: Hardcover
• Edition: 1st Edition
• Printing: 1st Printing
• Condition: Very Good
• Dust Jacket Condition: No Jacket