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The Digital HandVolume II: How Computers Changed the Work of American Financial, Telecommunications, Media, and Entertainment Industries$
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James W. Cortada

Print publication date: 2005

Print ISBN-13: 9780195165876

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780195165876.001.0001

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Role of Financial Industries in the U.S. Economy

Role of Financial Industries in the U.S. Economy

(p.3) 1 Role of Financial Industries in the U.S. Economy
The Digital Hand

James W. Cortada

Oxford University Press

This chapter describes the presence, structure, and form of the banking, insurance, and brokerage industries in the United States. It describes the evolution of these industries over the past half century including their size, how they made money, and their activities. Also described is how the government regulated their activities and how this affected their use of information technology. The case for how these industries evolved into a new digital style of operation is articulated.

Keywords:   digital style, banking, brokerage, insurance, financial, information technology

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