ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book provides the developing changes in the demand for securities. It describes the developments that occurred during the 1914–1918 war from the initial imposition of new issue controls in January 1915 to their removal in 1919. The book assesses the performance and failure of the Exchange and the criminal justice system between 1919 and 1929 in deterring abuse. It describes the events leading to the appointment of the Bodkin Committee and the negotiations which led to the implementation of its recommendations. The government had concluded that it did not need direct control of the Exchange to be able to achieve its policy objectives. The book also describes the events during the war which led to this conclusion.
