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Accepting Regulatory Paternalism: A Wise Man to Look Out for You

In: The Kansas Blue Sky Act of 1911

Author

Listed:
  • David Ress

    (University of New England)

Abstract

Kansas Banking Commissioner Joseph N. Dolley’s Blue Sky Act addressed Americans’ deepening distrust of the stock promotions that came with increasing frequency in the first decades of the twentieth century. Although financial writers tried to address this, urging readers to turn to bankers and lawyers for advice, legislators in other states hastened to enact laws that followed the Kansas model with state officials stepping in to vet offerings for appropriateness.

Suggested Citation

  • David Ress, 2023. "Accepting Regulatory Paternalism: A Wise Man to Look Out for You," Springer Books, in: The Kansas Blue Sky Act of 1911, chapter 0, pages 63-77, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-43831-8_5
    DOI: 10.1007/978-3-031-43831-8_5
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