Professor Carosso analyzes the impact of New Deal legislation upon the nation's investment banking community. Although some adjustments in banking methods resulted, the reforms did not effect any fundamental changes in the position of investment bankers in the American economy.

Professor Yen-p'ing Hao analyzes the economic, social, political, and intellectual roles of a Chinese mercantile class which served as a link between China and the West.

Mrs. Kujovich examines the impact of technological innovation upon the beef industry and the railroads. Utilization of the refrigerator car disrupted the old order in the relationship between the industry and the railroads, exploiting the competition between railroads to make possible the nationwide expansion of the western dressed beef industry.

Professor Hidy considers many recent contributions to business history and suggests some fruitful areas for future research.

Professor Gressley recounts the escapades of domestic and international promoters in the history of the Salt Creek oil field, demonstrating that fraud and chicanery can play indispensable roles in the process of economic development.

Pressures for expansion of production brought by World War I caused labor problems which led many American manufacturers to begin organized personnel work. Morris E. Leeds, despite setbacks caused by the 1920–1921 recession, succeeded in creating one of the most comprehensive employee programs in the United States.

A leading business archivist provides insights into the difficulties of selecting, organizing, and preserving corporate records. Dr. Ernst reflects on the future needs and responsibilities of the business archivist in a changing economic and social environment.