Financial History Issue 118 (Summer 2016) - Page 4

Financial history The magazine of the Museum of American Finance in association with the Smithsonian Institution Issue 118 • Summer 2016 (ISSN 1520-4723) Kristin Aguilera Editor IN THIS ISSUE FEATURES 13 The First US Gold Rush North America’s earliest gold rush — in North Carolina —  has been all but forgotten.  By Andrew D. Schmidt EDITORIAL ADVISORY BOARD Howard A. Baker, Esq. Howard Baker Associates Lawrence A. Cunningham The George Washington University Brian Grinder Eastern Washington University Gregory DL Morris Freelance Journalist 17 The First SEC? The Capital Issues Committee created by Treasury Secretary William G. McAdoo during World War I conducted reviews of new securities offerings before the establishment of the SEC.  By Jerry W. Markham 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 The Wall Street Journal 20 Women on Money A new exhibit at the National Museum of American History places the redesign of US paper money into a global context and demonstrates that women have appeared on money from ancient times to the present day.  By Ellen R. Feingold 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 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. 24 From the Dustbowl to the Federal Reserve Fifty years ago, Andrew Brimmer broke the color barrier at the Fed.  By Gregory DL Morris 28 Inflation and a Test of Regulation Q How economic crisis in the 1970s led to the Fed’s overhaul of retail banking.  By Gabriel Suprise 32 When All Else Fails The evolution of customer asset protection after brokerage bankruptcy.  By Ronald H. Filler 2    FINANCIAL HISTORY  |  Summer 2016  |