HBSP (USA)
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James Madison, the 'Federal Negative,' and the Making of the U.S. Constitution
Moss, David A.; Campasano, MarcCase HBS-716053-EEconomicsOn June 8th, 1787, at the Constitutional Convention in Philadelphia, delegates from across the United States began discussing a curious proposal to expand federal power over the states. James Madison of Virginia had suggested that the new constitution include a "federal negative," which would give Congress the authority to veto any law passed by a state legislature. He viewed this as a critical safeguard against unchecked power at the state level...Starting at €8.20
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Wall Street's First Panic (A)
Moss, David A.; Bolton, ColeCase HBS-708002-EFinanceIn the early 1790's, a flood of newly issued public and private securities sparked an investment boom in the nascent United States. In New York, the bustling commercial district along Wall Street emerged as the center of the city's securities trade. One of the many Americans drawn into the frenetic and largely unregulated securities market was William Duer, who ultimately became a major player on the Street. As it turned out, however, Duer's fina...Starting at €8.20
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Ruling the Modern Corporation: The Debate over Limited Liability in Massachusetts
Moss, David A.; Kintgen, EugeneCase HBS-708016-EStrategyIn 1830, Governor Levi Lincoln, Jr. urged the Massachusetts state legislature to introduce a limited liability regime for manufacturing corporations similar to that adopted in neighboring states. At least since 1809, shareholders in the state's manufacturing corporations had faced unlimited liability, which held shareholders personally liable for corporate debts. While unlimited liability was meant to ensure financial prudence, Lincoln and others...Starting at €8.20
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Financing American Housing Construction in the Aftermath of War
Moss, David A.; Bolton, ColeCase HBS-708032-EFinanceAt the start of WWI, the United States faced a significant housing shortage. Public officials feared the spread of disease--and even communism-- in the nation's cramped urban centers where vacancy rates held near zero and families often "doubled up" in single housing units. Hoping to spark a burst of new construction, New York Senator William Calder called for the creation of eleven regional Federal Building Loan Banks that would serve as a new s...Starting at €8.20
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The Armstrong Investigation
Kintgen, Eugene; Moss, David A.Case HBS-708034-EEconomicsIn the early 20th century, public outrage at certain life insurance practices led to an investigation in New York State that threatened to curtail growth in the industry. Charles Evans Hughes guided the four-month-long Armstrong Investigation, which made startling revelations, and offered a number of controversial recommendations, several of which would forbid the most popular form of life insurance (tontine insurance), limit the growth of life i...Starting at €8.20
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The Campaign for Bank Insurance in Antebellum New York
Bolton, Cole; Moss, David A.Case HBS-708037-EFinanceThe New York State Legislature had come to a standstill in 1829 as lawmakers refused to charter any new banks or recharter any existing banks. Four of New York's forty banks had failed since 1825, and many legislatures believed that a significant change in the banking regime was needed to shore up the state's financial systems. Others, however, feared that a major change in the law was too risky, especially since over three-quarters of the state'...Starting at €8.20
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Envisioning "Free Banking" in Antebellum New York (A)
Bolton, Cole; Moss, David A.Case HBS-708038-EFinanceBanks throughout New York State suspended specie payments (i.e., payments in gold and silver) in May 1837 following the collapse of several state banks, and the onset of a nationwide financial panic. Amid the chaos, the upstart Whigs were able to depose the longstanding Republican majority in the state legislature. Responding to citizen anger, as well as perennial calls for more banking capital, the Whigs drafted a novel "free banking" bill, whic...Starting at €8.20
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Danatbank
Moss, David A.; Bolton, Cole; Novo, AndrewCase HBS-710059-EEconomicsIn the summer of 1931, Germany was struggling with a deepening economic crisis. Production had fallen, unemployment was high, and bank deposits and gold were being withdrawn from the country at a rapid pace, threatening the value of the German mark. The country's third largest bank, the Danatbank, was especially hard hit by the flagging economy and the flight of capital. By July, the Danatbank was on the verge of collapse, and the bank's charisma...Starting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 3, Expectations
Moss, David A.Book Chapter HBS-0015BC-EFinanceIn Chapter 3, Expectations (19 pages), the author discusses expectations - the third of three pillars that make up his description of the fundamentals of macroeconomics. The author examines inflation and ways to control it. He looks at how to manage decliStarting at €8.20
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A Concise Guide to Macro Economics, Second Edition, Chapter 7, Understanding Exchange Rates
Moss, David A.Book Chapter HBS-0019BC-EFinanceIn Chapter 7, Understanding Exchange Rates (9 pages), the author identifies critical factors that have both long- and short-term impact on exchange rates. He explores how a country's current account balance, inflation rate, and interest rates affect its currency. He argues that, despite these theories, the currency market is unpredictable and shares overall guidelines for understanding global currency.Starting at €8.20