Financial History Issue 114 (Summer 2015) | Page 4

Financial
history
The magazine of the
Museum of American Finance
in association with
the Smithsonian Institution

Issue 114 • Summer 2015
(ISSN 1520-4723)
Kristin Aguilera
Editor

IN THIS ISSUE

FEATURES

12 Banking in Boston: An Early History
The beginning of banking in Boston came at a critical time
in the 18th century.
 By David Grayson Allen

EDITORIAL ADVISORY BOARD

Howard A. Baker, Esq.
Howard Baker Associates

Brian Grinder
Eastern Washington University

Gregory DL Morris
Freelance Journalist

16 The Sixth Dakota
Entrepreneurship, prosperity and challenge in South Dakota.
 By Robert E. Wright

Arthur W. Samansky
The Samansky Group

Bob Shabazian
American Stock Exchange (ret.)

Myles Thompson
Columbia Business School Publishing

Robert E. Wright
Augustana College

Jason Zweig

20 The Richest Man Who Ever Lived
The life and times of Jacob Fugger, the Renaissance banker who
revolutionized the art of making money and established the radical
idea of pursuing wealth for its own sake.
 By Greg Steinmetz

The Wall Street Journal
EDITOR EMERITAE

Diana E. Herzog
ART DIRECTION

Alan Barnett Design
MUSEUM STAFF

David J. Cowen, President/CEO
Kristin Aguilera, Deputy Director
Sarah Buonacore, Collections Manager
Tony Critelli, Accountant
Jeanne Driscoll, Director of Development
Maura Ferguson, Director of Exhibits
Arturo Gomez, Business Manager
Chris Meyers, Director of Education
Linda Rapacki, Managing Director
of Visitor Services and Operations
Mindy Ross, Director, External Relations
Copyright 2015 by the
Museum of American Finance, publisher,
48 Wall Street, New York, NY 10005. Telephone:
212-908-4110; fax: [phone]. All rights reserved.
Financial History is the official membership
magazine of the Museum of American Finance.
Annual individual membership is $55. Payment must
be made in dollars, by credit card or check payable
to the Museum of American Finance.

24 An Exception
The little-known history of the default on the Fourth Liberty Loan.
 By Joshua Herbstman

28 Richard W. Schabacker’s Gift to Technical Analysis
An intense observer of Wall Street, articulate financial writer and astute
adviser, Richard Schabacker devoted his short-lived career to educating
investors and professionals on stock market operations.
 By George A. Schade, Jr.

32 When Cleveland Was Motown
From wringers to luxury cars to beer, Peerless was
a pioneer of reinvention.
 By Gregory DL Morris

36 Benefits of Hindsight
A brief look back at 80 years of Social Security.
 By Kristin Aguilera

2    FINANCIAL HISTORY  |  Summer 2015  | www.MoAF.org