Financial History Issue 116 (Winter 2016)

Financial history The magazine of the Museum of American Finance in association with the Smithsonian Institution Issue 116 • Winter 2016 (ISSN 1520-4723) IN THIS ISSUE FEATURES 13 The Woman Who Dueled with Aaron Burr . . . and Won The remarkable rise of Eliza Jumel. By Margaret A. Oppenheimer Kristin Aguilera Editor EDITORIAL ADVISORY BOARD Howard A. Baker, Esq. Howard Baker Associates Brian Grinder Eastern Washington University 16 Private Governance The role of private rules and regulations for creating modern stock markets. By Edward Peter Stringham Gregory DL Morris Freelance Journalist Arthur W. Samansky The Samansky Group Bob Shabazian American Stock Exchange (ret.) Myles Thompson Columbia Business School Publishing Robert E. Wright Augustana University Jason Zweig 20 The Messages of Money Through images and text, governments use money to make both subtle and overt political and cultural statements about a nation’s identity, leadership, heritage and values. By Ellen R. Feingold The Wall Street Journal ART DIRECTION Alan Barnett Design MUSEUM STAFF David J. Cowen, President/CEO Kristin Aguilera, Deputy Director Tony Critelli, Accountant Jeanne Driscoll, Director of Development Maura Ferguson, Director of Exhibits Chris Meyers, Director of Education Sarah Poole, Collections Manager Linda Rapacki, Managing Director of Visitor Services and Operations Mindy Ross, Director, External Relations 24 Molded by Competition The history of the Guardian Life Insurance Company. By Robert E. Wright 28 The Bank War Andrew Jackson, Nicholas Biddle and the fight for American finance. By Paul Kahan 31 Taking Healthcare Public Copyright 2016 by the Museum of American Finance, publisher, 48 Wall Street, New York, NY 10005. Telephone: 212-908-4110; fax: 212-908-4601. 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. Investor ownership in healthcare service companies. By Michael A. Martorelli 34 Trust this Bank A history of trust banking in the United States. By Bob Watt 2 FINANCIAL HISTORY | Winter 2016 | www.MoAF.org

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