The Stock Exchange from Within

"The Stock Exchange from Within" by William C. Van Antwerp is a comprehensive look at the stock exchange, written in the early 1900s, that blends economic principles with real-world observations to defend the vital role stock exchanges play in the American economy. The author aims to explain the purpose, usefulness, and social value of these exchanges, challenging incorrect beliefs about financial speculation and investing. The book starts by examining the stock exchange, correcting common misunderstandings about its objectives and worth, explaining that the goal is to ensure fair transactions which require intense competition, and highlighting how a well-controlled exchange promotes clear trading practices and safeguards investors. Van Antwerp sets the stage for a thorough conversation about speculation, price setting, and the history of securities markets by establishing these ideas.