Glass-Steagall

[Michael Perelman]

Chernow, Ron. 1990. The House of Morgan: An American Banking Dynasty and the
Rise of Modern Finance (NY: Atlantic Monthly Press).
110: Garraty, John A. 1957. Right-Hand Man: The Life of George W. Perkins
(NY: Harper and Brothers): p. 219 says that Morgan's right hand man argued
that the trusts represented a high order of socialism.  "What is the
difference between the U. S. Steel Corporation ... and a Department of Steel
as it might be organized by the government?"

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Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901