<abstract xmlns="http://www.w3.org/1999/xhtml">

<p> The bankruptcy of Lehman Brothers had a strong impact on the whole financial system and started the worst recession since the Great Depression. However, it was not the first crisis in the history of the USA. The purpose of this article is to present the history of investment banking during the main crises in the US history and their impact on the American economy. The article presents the following: a definition of investment banking, theoretical aspects of crises, changes in banking system regulations, and the history of the most important American investment banks, including the infamous Lehman Brothers.</p>
</abstract>

The bankruptcy of Lehman Brothers had a strong impact on the whole financial system and started the worst recession since the Great Depression. However, it was not the first crisis in the history of the USA. The purpose of this article is to present the history of investment banking during the main crises in the US history and their impact on the American economy. The article presents the following: a definition of investment banking, theoretical aspects of crises, changes in banking system regulations, and the history of the most important American investment banks, including the infamous Lehman Brothers.

American Investment Banking in the Context of Great Economic Crises

Studia Historiae Oeconomicae

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

{"article-title":"American Investment Banking in the Context of Great Economic Crises"}

The bankruptcy of Lehman Brothers had a strong impact on the whole financial system and started the worst recession since the Great Depression. However, it was...

American Investment Banking in the Context of Great Economic Crises

Published Online: Mar 28, 2018

Page range: 47 - 60

DOI: https://doi.org/10.1515/sho-2017-0004

Keywords
economic crisis, investment banking, Lehman Brothers

© 2018

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

American Investment Banking in the Context of Great Economic Crises

Published Online: Mar 28, 2018

Page range: 47 - 60

DOI: https://doi.org/10.1515/sho-2017-0004

Keywordseconomic crisis, investment banking, Lehman Brothers

© 2018

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Keywords
economic crisis, investment banking, Lehman Brothers