The Beginning And Tacit Control Of U.S. Investment Companies
The Beginning And Tacit Control Of U.S. Investment Companies
A few investment companies were organized in the United States before World War I. Although investment companies in the United Kingdom were well-established, we must remember that before World War I the United States was a debtor nation. Not until the bull market of the 1920s was well under way did investment companies begin to pop up on U.S. soil.
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