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History of investment banking in the United States : ウィキペディア英語版 | History of investment banking in the United States Philadelphia financier Jay Cooke established the first modern American investment bank during the Civil War era. However, private banks had been providing investment banking functions since the beginning of the 19th century and many of these evolved into investment banks in the post-bellum era.〔Harold Glenn Moulton. ''The financial organization of society'' (1921) pp 212f (online edition )〕 However, the evolution of firms into investment banks did not follow a single trajectory. For example, some currency brokers such as Prime, Ward and King and John E. Thayer and Brother moved from foreign exchange operations to become private banks, taking on some investment bank functions. Other investment banks evolved from mercantile firms such as Thomas Biddle and Co. and Alexander Brothers. ==Civil War==
During the Civil War, banking houses were syndicated to meet the federal government's need for money to fund its war efforts. Jay Cooke launched the first mass securities selling operation in U.S. history employing thousands of salesmen to float what ultimately amounted to $830 million worth of government bonds to a wide group of investors.〔Ellis Paxson Oberholtzer, ''Jay Cooke: financier of the Civil War'' (1907) Volume 1 - Page 299 ( online edition )〕 Cooke then reached out to the general public, acting as an agent of the Treasury Department, personally led a war bond drive that netted approximately $1.5 billion for Treasury.〔(【引用サイトリンク】url=http://shrewd-investment.com/history-of-investment-banking-in-the-us-and-britain-an-overview/ )〕
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「History of investment banking in the United States」の詳細全文を読む
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