J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURY

J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURY

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Restrictions on the American banking system in the early Twentieth Century affected the ability of commercial banks to provide financing to large industrial firms. Consequently, the investment and growth of these firms may have been finance-constrained. This paper examines the ability of J.P. Morga...

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Main Author: Daniel Giedeman
Format: Article
Language:English
Published: Economic & Business History Society 2004-06-01
Series:Essays in Economic and Business History
Online Access:http://ebhsoc.org/journal/index.php/ebhs/article/view/135
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spelling doaj-6dd2f36e2666408b87575599eeff16912020-11-25T03:46:09ZengEconomic & Business History SocietyEssays in Economic and Business History0896-226X2004-06-01221J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURYDaniel Giedeman Restrictions on the American banking system in the early Twentieth Century affected the ability of commercial banks to provide financing to large industrial firms. Consequently, the investment and growth of these firms may have been finance-constrained. This paper examines the ability of J.P. Morgan & Company to alleviate finance-constrained investment and growth for firms with which it became affiliated. The paper also studies the impact of the Clayton Antitrust Act on the investment and growth of Morgan-affiliated firms versus non-affiliated firms. The overall findings suggest that arelationship with Morgan helped firms reduce finance-constraints. http://ebhsoc.org/journal/index.php/ebhs/article/view/135
collection DOAJ
language English
format Article
sources DOAJ
author Daniel Giedeman
spellingShingle Daniel Giedeman
J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURY
Essays in Economic and Business History
author_facet Daniel Giedeman
author_sort Daniel Giedeman
title J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURY
title_short J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURY
title_full J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURY
title_fullStr J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURY
title_full_unstemmed J.P. MORGAN, THE CLAYTON ANTITRUST ACT, AND INDUSTRIAL FINANCE-CONSTRAINTS IN THE EARLY TWENTIETH CENTURY
title_sort j.p. morgan, the clayton antitrust act, and industrial finance-constraints in the early twentieth century
publisher Economic & Business History Society
series Essays in Economic and Business History
issn 0896-226X
publishDate 2004-06-01
description Restrictions on the American banking system in the early Twentieth Century affected the ability of commercial banks to provide financing to large industrial firms. Consequently, the investment and growth of these firms may have been finance-constrained. This paper examines the ability of J.P. Morgan & Company to alleviate finance-constrained investment and growth for firms with which it became affiliated. The paper also studies the impact of the Clayton Antitrust Act on the investment and growth of Morgan-affiliated firms versus non-affiliated firms. The overall findings suggest that arelationship with Morgan helped firms reduce finance-constraints.
url http://ebhsoc.org/journal/index.php/ebhs/article/view/135
work_keys_str_mv AT danielgiedeman jpmorgantheclaytonantitrustactandindustrialfinanceconstraintsintheearlytwentiethcentury
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