American Investment Banking in the Context of Great Economic Crises

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Dominika Hempel


The bankruptcy of Lehman Brothers had a strong impact on the whole financial system and started the worst recession since the Great Depression. However, it was not the first crisis in the history of the USA. The purpose of this article is to present the history of investment banking during the main crises in the US history and their impact on the American economy. The article presents the following: a definition of investment banking, theoretical aspects of crises, changes in banking system regulations, and the history of the most important American investment banks, including the infamous Lehman Brothers.


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How to Cite
Hempel, D. (2018). American Investment Banking in the Context of Great Economic Crises. Studia Historiae Oeconomicae, 35, 47-60.
Author Biography

Dominika Hempel, University of Gdańsk, Gdańsk

Dominika Hempel – Phd candidate at the University of Gdańsk. Graduated from the University of Gdańsk (mA in history) and from Gdańsk University of technology (mS in management — Banking and Finances). Scientific interests include history of Latin America (Chile), USA-Latin America relations, history of economy and banking.


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