Chapter

Role of Financial Industries in the U.S. Economy

James W. Cortada

in The Digital Hand

Published in print October 2005 | ISBN: 9780195165876
Published online September 2007 | e-ISBN: 9780199789689 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195165876.003.0001
 Role of Financial Industries in the U.S. Economy

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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

Chapter.  15218 words.  Illustrated.

Subjects: Business History

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