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The Equity Culture: The Story of the Global Stock Market

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An Expert Chronicle of the Market's Ever-Growing Role Worldwide

The modern stock market, B. Mark Smith's new book makes clear, is only one component of a much broader "equity culture"-a lively and complex international market involving stocks, bonds, mutual funds; joint stock and limited liability corporations; and trading in grain, gold, diamonds, and currency.

The Equity Culture is the story of how that market came about-from shipping magnates banding together in eighteenth-century India to...