Excerpt from The Masters of Capital: A Chronicle of Wall Street

Naturally, this modern practice of preempting or capitalizing probabilities was overdone. Such a process inevitably invited speculation; and boom periods, with recurring lapses and setbacks, became characteristic of the times. Eventually, the capi talists learned that this new capital, which repre sented not only accumulated wealth and current earnings but the future possible earning power of the community generally, must be bolstered up and insured by some artificial process. So long as nor mal growth in population and industry continued.

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Title:The Masters of Capital: A Chronicle of Wall Street (Classic Reprint)Format:PaperbackProduct dimensions:250 pages, 9 X 6 X 0.53 inShipping dimensions:250 pages, 9 X 6 X 0.53 inPublished:December 22, 2018Publisher:FB&C LtdLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1440066205

ISBN - 13:9781440066207

Appropriate for ages: All ages

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