"The sudden advent of widespread popular ownership of corporations since the World War has created entirely new circumstances and conditions in the business world"
Just a few years before the Crash of 1929, Harvard economics professor William Z. Ripley warned that corporations weren't providing accurate financial information to their investors and argued that a framework of regulatory oversight was needed. The creation of the Securities and Exchange Commission in 1934 has been in part attributed to Ripley's Atlantic writings.
