Abstract

http://ssrn.com/abstract=2054806
 
 

References (62)



 
 

Citations (1)



 


 



Crisis, Scandal and Financial Reform During the New Deal


Michael A. Perino


St. John's University School of Law

May 8, 2012

St. John's Legal Studies Research Paper No. 12-0004

Abstract:     
This chapter in the forthcoming Oxford Handbook of the New Deal provides a brief overview of the major financial reform legislation passed during the first term of the Roosevelt administration. After describing the structural flaws in the pre-New Deal regulatory landscape, the chapter illustrates how the stock market crash of 1929, the onset Great Depression, and the banking crisis of 1933 helped create the climate in which financial reform could pass. In particular, it highlights the crucial role that the Senate investigation of Wall Street — commonly known as the Pecora investigation, after its chief counsel, Ferdinand Pecora — played in building the clamor for financial reform. The chapter then catalogs the major banking and securities legislation adopted during the Roosevelt administration’s first term and demonstrates the transient nature of the political moments that crises and scandals create. In the immediate aftermath of the crisis, reform proposals passed with little effective opposition. As the crisis receded, however, organized lobbying efforts grew more powerful and were often successful in diminishing reform proposals.

Number of Pages in PDF File: 28

working papers series


Download This Paper

Date posted: May 8, 2012  

Suggested Citation

Perino, Michael A., Crisis, Scandal and Financial Reform During the New Deal (May 8, 2012). St. John's Legal Studies Research Paper No. 12-0004. Available at SSRN: http://ssrn.com/abstract=2054806 or http://dx.doi.org/10.2139/ssrn.2054806

Contact Information

Michael A. Perino (Contact Author)
St. John's University School of Law ( email )
8000 Utopia Parkway
Jamaica, NY 11439
United States
718-990-1928 (Phone)
718-591-1855 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 1,407
Downloads: 161
Download Rank: 108,113
References:  62
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.375 seconds