Assaults on the “money power” had a profound influence on public policies in twentieth-century America. Tracing the history of the “money trust” controversy through the first half of this century, Professor Carosso concludes that the attacks were largely unjustified, either on economic or legal grounds.

The za was a leading medieval Japanese economic institution, often likened to the European guild. Professor Yamamura analyzes the rise and subsequent decline of za from the eleventh through the sixteenth centuries, paying special attention to their influence on the development of commercial activity.

Recent diplomatic historians have explained much of American expansionism at the end of the nineteenth century as the product of domestic industrial overcapacity and the resulting need to seek foreign markets. Evidence of business behavior, however, indicates that overseas expansion and exports were not a very important avenue through which U.S. businessmen sought to control prices and output. Indeed, in most of the industries which did engage in significant foreign activities, their expansion was usually the result of genuine competitive advantages rather than a sign of economic ill health.

While events of major significance for banking occurred on the national scene in the populist and progressive years, noteworthy changes also materialized on the state level. Like their brethren elsewhere in the country, California bankers struggled through their organizations with such problems as how to achieve “sound banking,” how to influence the political process in their state, and how to give banking more of the trappings of professionalism.