Saturday, June 23, 2012

“Booms, Bubbles, and Busts” at the Museum of the City of New York

Those close to New York City and environs might wish to take advantage of a program on Monday, June 25, at the Museum of the City of New York (MCNY). Entitled "Booms, Bubbles, and Busts: Spectacular Moments in New York's Banking History," the conversation will be moderated by Mark Gongloff, chief financial writer of the Huffington Post, and will feature historians Steven Fraser, Columbia University, author of Every Man a Speculator (HarperCollins, 2005); Julia Ott, The New School, author of When Wall Street Met Main Street (Harvard University Press, 2011) and Robert E. Wright, Augustana College, author of One Nation Under Debt (McGraw-Hill 2008). According to the press release, "The history of Wall Street is a series of speculative ups and crashing downs. The panel will explore the cyclical nature of New York’s economic history through dramatic events and reappearing themes, and extract lessons for the present and the future."
   The session will begin at 6:30 p.m. For directions and other information about attending, please see the MCNY website.  The program is presented in conjunction with the MCNY exhibition "Capital of Capital" and in partnership with the Museum of American Finance.
    "Capital of Capital: New York's Banks and the Creation of a Global Economy" explores
how the economic dynamo that is New York was made possible in great measure by its innovative and controversial banking sector. Tracing the trajectory of the city’s banks from the founding of the Bank of New York by Alexander Hamilton in 1784 to their primacy in today’s nation and world, the exhibition utilizes rare historical objects and images, including banking instruments, architectural renderings, and advertisements, to tell a fascinating saga of growth, innovation, and, at times, unintended consequences. In so doing, it also reveals how New York City’s particular circumstances—geography, human capital, and political alignments—helped make finance a major component not only of Gotham’s economy but also of its identity. 
The exhibit (physical, not on-line) runs from May 22 to October 21, 2012.