In the long run, economies grow. Over the shorter-term business cycle, economic activity contracts and expands. From Main Street to Wall Street examines both the long-run relation between economic growth and stock returns and the shorter-term business-cycle relation. It examines the complex relationship between the economy and the stock market, and guides readers through the fascinating interaction between economic activity and financial markets. From Main Street to Wall Street draws heavily on data, supporting academic theories with empirical facts, and backing up arguments in intuitive ways. It discusses how investors can use knowledge of economic activity and financial markets to formulate expectations to future stock returns, and helps scholars and practitioners navigate financial markets by understanding the economy.

The financial crisis that began in 2008 has made Americans keenly aware of the enormous impact Wall Street has on the economic well-being of the nation and its citizenry. How did financial markets and institutions-commonly perceived as marginal and elitist at the beginning of the twentieth century-come to be seen as the bedrock of American capitalism? How did stock investment-once considered disreputable and dangerous-first become a mass practice? Julia Ott tells the story of how, between the rise of giant industrial corporations and the Crash of 1929, the federal government, corporations, and financial institutions campaigned to universalize investment, with the goal of providing individual investors with a stake in the economy and the nation. As these distributors of stocks and bonds established a broad, national market for financial securities, they debated the distribution of economic power, the proper role of government, and the meaning of citizenship under modern capitalism. By 1929, the incidence of stock ownership had risen to engulf one quarter of American households in the looming financial disaster. Accordingly, the federal government assumed responsibility for protecting citizen-investors by regulating the financial securities markets. By recovering the forgotten history of this initial phase of mass investment and the issues surrounding it, Ott enriches and enlightens contemporary debates over economic reform.

In a cultural landscape dominated by hot takes and petty polemics, The Point stands for something different. Informed by the conviction that humanistic thinking has relevance for everyday life, the magazine has long maintained a rare space for thoughtful dialogue between a wide range of political views, philosophical perspectives, and personal experiences: its contributors include liberals and conservatives, philosophers and activists, Marxists and Catholics, New Yorkers and Midwesterners. A little more than a decade since its founding on the campus of the University of Chicago, it offers a unique and revelatory look at the changing face of America, one that speaks not only to way American minds have been forced to “open” by a decade of trauma and transformation, but also to the challenge of remaining open to our fellow citizens during our deeply divided present. Featuring award-winning and highly acclaimed essays from The Point’s first ten years, The Opening of the American Mind traces the path of American intellect from the magazine’s inception in 2009, when Barack Obama was ascending the steps of the White House, to the brink of the 2020 election. The essays, chosen both for the way they capture their time and transcend it, are assembled into five sections that address cycles of cultural frustrations, social movements, and the aftermath of the 2016 election, and provide lively, forward-looking considerations of how we might expand our imaginations into the future. Spanning the era of Obama and Trump, Occupy Wall Street and Black Lives Matter, #MeToo and renewed attention to reparations, this anthology offers critical reflections on some of the decade’s most influential events and stands as a testament to the significance of open exchange. The intellectual dialogue provided by The Point has never been more urgently needed, and this collection will bring the magazine’s vital work to an even broader readership.

Crowdfunding Opportunities and Challenges answers three basic questions about the many securities law changes created by the JOBS Act of 2012 that people loosely call Crowdfunding: Is Crowdfunding the best thing to happen to young and growing businesses since the Internet was invented? Or is Crowdfunding more like a poorly built fire cracker that will blow up in the faces of both investors and businesses? If Crowdfunding is both an opportunity and a challenge, how do you end up a winner instead of a loser? Crowdfunding Opportunities and Challenges gives you the information you need to answer these questions whether you are an entrepreneur planning a capital raising offering or an attorney advising clients about their offerings.

The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Mindy Thompson Fullilove traverses the central thoroughfares of our cities to uncover the ways they bring together our communities After an 11-year study of Main Streets in 178 cities and 14 countries, Fullilove discovered the power of city centers to “help us name and solve our problems.” In an era of compounding crises including racial injustice, climate change, and COVID-19, the ability to rely on the power of community is more important than ever. However, Fullilove describes how a pattern of disinvestment in inner-city neighborhoods has left Main Streets across the U.S. in disrepair, weakening our cities and leaving us vulnerable to catastrophe. In the face of urban renewal programs built in response to a supposed lack of “personal responsibility,” Fullilove offers “a different story, that of a series of forced displacements that had devastating effects on inner-city communities. Through that lens, we can appreciate the strength of segregated communities that managed to temper the ravages of racism through the Jim Crow era, and build political power and many kinds of wealth. . . . Only a very well-integrated, powerful community—one with deep spiritual principles—could have accomplished such a feat.” This is the power she hopes we will find again. Throughout Main Street, readers glimpse strong, vibrant communities who have conquered a variety of disasters, from the near loss of a beloved local business to the devastation of a hurricane. Using case studies to illustrate her findings, Fullilove turns our eyes to the cracks in city centers, the parts of the city that tend to be avoided or ignored. Providing a framework for those who wish to see their communities revitalized, Fullilove’s Main Street encourages us all to look both inward and outward to find the assets that already exist to create meaningful change.