Finance museum; Smithsonian Institution affiliate in New York City, United States
The
Museum of American Finance
is an independent
public museum
dedicated to preserving, exhibiting and teaching about American finance and financial history. Located in the
Financial District
in
Manhattan
, New York City, it is an
affiliate
of the
Smithsonian Institution
.
[1]
It is a tax-exempt
501(c)(3) organization
chartered by the
Board of Regents of the New York State Department of Education
.
[
not verified in body
]
With education at the core of its mission, it is an active national-level advocate on behalf of
financial literacy
.
The museum was founded in 1988 as the Museum of American Financial History but was renamed the Museum of American Finance in 2005.
[2]
Until December 2006, it was located at
26 Broadway
.
[3]
On January 11, 2008, the museum opened in a new location at
48 Wall Street
, the former headquarters of the
Bank of New York
.
[4]
In 2018, their building experienced a flood and as of October 2022, they remain in search of a permanent home.
[5]
Financial education
[
edit
]
In 2010, the museum founded its Center for Financial Education, which offers classroom programs for students in grades
kindergarten
through masters of business administration (
MBA
) in addition to its tour programs.
[
citation needed
]
In 2011, it launched the Museum Finance Academy (MFA), an eight-week after-school personal finance program open to high school juniors and seniors. In 2011?2013, the museum partnered with
Junior Achievement
to offer its "Finance Park" program within the Center for Financial Education.
[6]
Collections and exhibitions
[
edit
]
The museum collects
documents
and
artifacts
related to the
financial markets
, money and banking.
[
citation needed
]
Its collection includes more than 10,000
stocks
,
bonds
, prints,
engravings
, photographs,
bank notes
,
checks
and books.
Permanent exhibitions focus on the
financial markets
, money, banking,
entrepreneurship
and
Alexander Hamilton
. Temporary exhibitions have included "
Barings
in America: An Interactive Investment Experience" (December 2012 ? April 2013),
[7]
"
Checks & Balances
:
Presidents
and American Finance" (November 2011 ? March 2013),
[8]
"Tracking the Credit Crisis" (ongoing since 2009);
[9]
[10]
"
Alexander Hamilton
: Lineage and Legacy" (April 2011 ? March 2012);
[11]
"Scandal! Financial Crime Chicanery and Corruption That Rocked America" (2010?11)
[12]
[13]
and "Women of
Wall Street
" (2009?10).
[14]
The exhibit "Alexander Hamilton: Indispensable Founder and Visionary" had its opening on October 29, 2014. Former Secretary of the Treasury
Timothy Geithner
cut the ribbon to open the exhibit, which is located in the Hamilton room in the museum. The exhibit was co-curated by John Herzog, Founder of the Museum of American Finance, and Mariana Oller, the Chair of the Alexander Hamilton Awareness Society.This exhibit was created to commemorate the 225th anniversary of Alexander Hamilton becoming the first Secretary of the Treasury that year. The exhibit is currently one of the main attractions of the museum, and features rare objects associated with
Alexander Hamilton
and his financial programs.
[15]
Their collections were not harmed in the flood that closed the museum's Wall Street location in 2018.
[16]
Programs and events
[
edit
]
Speakers from across the financial industry participate in the museum's Financial History and Practices Lecture/Symposia Series, with subject matter ranging from discussions of current financial practices to observations on significant events and individuals in America's financial history. Speakers have included
John Bogle
,
Sallie Krawcheck
,
[17]
David Walker
,
Abby Joseph Cohen
,
Henry Kaufman
,
Niall Ferguson
and
Neil Barofsky
.
[18]
Other programs include the Lunch and Learn Series, which features talks, demonstrations and presentations during lunchtime, as well as
walking tours
and film screenings. The museum's annual gala honors an individual with the Whitehead Award for Distinguished Public Service and Financial Leadership, which is named after former
Deputy Secretary of State
and co-chair of
Goldman Sachs
John C. Whitehead
. Honorees have included
Paul Volcker
,
[19]
Pete Peterson
,
[20]
William Donaldson
,
[21]
Felix Rohatyn
[22]
and
William Harrison
Jr.
[23]
Since 2012, the museum has partnered with the Alexander Hamilton Awareness Society co-hosting several events of the yearly CelebrateHAMILTON and Happy Birthday Hamilton! programs in July and January. Events included
"The Essence of Alexander Hamilton's Greatness"
by AHA Society founder, Rand Scholet,
[24]
Hamilton vs. Jefferson historical interpreters "Debate",
[25]
"Conversation with the Curators" with John Herzog, founder of the Museum of American Finance and Mariana Oller, Chair of the Alexander Hamilton Awareness Society on the process of collecting original Hamilton documents and then creating the "Alexander Hamilton: Indispensable Founder and Visionary" exhibit with them,
[26]
the "New Discoveries in the life of Alexander Hamilton" Talk by Author and Historian Michael E. Newton,
[27]
and the presentation of his new book "Alexander Hamilton ? The Formative Years".
[28]
[29]
Publications
[
edit
]
The museum also regularly publishes on subjects pertaining to the history of finance. Its quarterly magazine,
Financial History
, reaches members in 50 US states and 20 other countries. The magazine publishes
vetted
articles by financial historians and journalists on historically significant events and individuals and other related topics in the world of finance.
[30]
In 2011, the museum commemorated the 100th issue of
Financial History
with a full-color double edition.
[
citation needed
]
The museum also publishes books and
catalogs
including, most recently,
The Revolutionary Beginning of the American
Stock Market
, which features many of the documents in the "America's First
IPO
" exhibit.
Leadership
[
edit
]
In 1987, John E. Herzog, then CEO of
Herzog Heine Geduld, Inc.
, established the museum in response to the
stock market crash
of that year.
[31]
[32]
He provided the bulk of the institution's early leadership and is now chairman and trustee emeritus.
[33]
Among the museum's leaders are board trustee
Niall Ferguson
,
[34]
chairman of the board
Richard E. Sylla
,
[35]
President and CEO David Cowen,
[36]
and
Financial History
magazine editorial board member
Robert E. Wright
.
[37]
Gallery
[
edit
]
-
Main gallery
-
Money gallery
-
Hamilton Room
-
Information section
See also
[
edit
]
References
[
edit
]
- ^
"Smithsonian Affiliates: M"
.
Smithsonian Affiliations
.
Smithsonian Institution
. Archived from
the original
on June 25, 2006
. Retrieved
September 2,
2014
.
- ^
"History"
. Museum of American Finance
. Retrieved
September 2,
2014
.
- ^
"Museum of American Finance Moving to Wall Street"
(PDF)
. November 11, 2005. Archived from
the original
(PDF)
on November 23, 2006
. Retrieved
November 2,
2010
.
- ^
Rothstein, Edward (February 2, 2008).
"Where the Capitalism Is (Always on Display)"
.
The New York Times
.
ISSN
0362-4331
. Retrieved
February 13,
2020
.
- ^
"Museum of American Finance Terminates Lease at 48 Wall Street Following Flood"
. Museum of American Finance.
- ^
"ABC7 Eyewitness News ? WABC-TV New York"
.
ABC7 New York
. Retrieved
November 2,
2014
.
- ^
"The British Bank That Forever Altered the U.S. Economy"
.
BloombergView.com
. January 22, 2013
. Retrieved
November 2,
2014
.
- ^
Yost, Mark (December 14, 2011).
"Of Debt and Taxes"
.
Wall Street Journal
.
ISSN
0099-9660
. Retrieved
February 13,
2020
.
- ^
Bowley, Graham (August 21, 2009).
"Credit Crisis Is a Big Draw for Finance Museum"
.
The New York Times
.
ISSN
0362-4331
. Retrieved
February 13,
2020
.
- ^
Mark Jenkins (October 4, 2012).
"Mid-Atlantic offers a wealth of museum exhibits"
.
Washington Post
.
- ^
"Meet Alexander Hamilton, founder of U.S. financial system"
. Retrieved
November 2,
2014
.
- ^
"Wall Street scandals on display"
.
Reuters
. Retrieved
November 2,
2014
.
- ^
"Of Scoundrels and Scandals"
.
The New York Times
.
ISSN
0362-4331
. Retrieved
February 13,
2020
.
- ^
Lee, Jennifer 8 (June 4, 2009).
"Museum Celebrates the Women of Wall Street"
.
City Room
. Retrieved
February 13,
2020
.
{{
cite web
}}
: CS1 maint: numeric names: authors list (
link
)
- ^
"On Exhibition ? "Alexander Hamilton: Indispensable Founder and Visionary"
"
.
www.theAHAsociety.com
. Retrieved
October 29,
2014
.
- ^
"Museum of American Finance Collections Remain Unharmed as Building Suffers Major Flood"
. Museum of American Finance
. Retrieved
October 7,
2020
.
- ^
"Sallie Krawcheck: the big job she didn't take"
.
Fortune
. Retrieved
November 2,
2014
.
- ^
Brian Browdie (October 26, 2012).
"Big Banks' Hold on Regulators Must Be Broken: Barofsky"
.
American Banker
.
- ^
"UPDATE 2-Obama adviser Volcker: this crisis is different"
.
Reuters
. January 13, 2009
. Retrieved
November 2,
2014
.
- ^
Patrick Cole (January 11, 2011).
"Blackstone's Peterson Warns About U.S. Debt After Winning Award"
.
Bloomberg L.P
. Retrieved
November 2,
2014
.
- ^
"Obama Adviser Donaldson to Receive John Whitehead Award at Gala"
.
Bloomberg News
. Retrieved
November 2,
2014
.
- ^
Amanda Gordon (January 23, 2012).
"Scene Last Night: Rohatyn, Whitehead, Martin Lipton"
.
Bloomberg L.P
. Retrieved
November 2,
2014
.
- ^
Alden, William (January 9, 2013).
"Wall Street's Elite, Including Ina Drew, Honors JPMorgan's Former Leader"
.
DealBook
. Retrieved
February 13,
2020
.
- ^
Museum of American Finance.
"Rand Scholet on "The Essence of Alexander Hamilton's Greatness"
"
.
www.MoAF.org
. Retrieved
July 12,
2012
.
- ^
Museum of American Finance.
"Hamilton vs. Jefferson Debate Featuring William G. Chrystal"
.
www.MoAF.org
. Retrieved
July 11,
2013
.
- ^
Scholet, Nicole.
"Conversation with the Curators"
.
www.theAHAsociety.com
. Retrieved
January 9,
2015
.
- ^
CelebrateHAMILTON, The AHA Society & Museum of American Finance.
"Alexander Hamilton scholar Michael E. Newton presented "New Discoveries in the Life of Alexander Hamilton"
.
www.MoAF.org
. Retrieved
July 14,
2014
.
- ^
Museum of American Finance Events.
"Michael Newton on "Alexander Hamilton: The Formative Years"
"
.
www.moaf.org
. Retrieved
July 10,
2015
.
- ^
Newton, Michael E. (July 1, 2015).
Alexander Hamilton: The Formative Years
(Hardcover ed.). Eleftheria Publishing. p. 774.
ISBN
978-0982604038
.
- ^
Petito, Katie.
"Museum of American Finance: New Name, New Location"
(PDF)
. dndco.com.
- ^
[1]
Corporation
- ^
"Topics: People: R Rockefeller, John D."
The New York Times
. October 25, 1998
. Retrieved
November 2,
2014
.
- ^
Museum of American Finance (May 18, 2012).
"Museum of American Finance Founder John E. Herzog Retires From Board"
.
GlobeNewswire News Room
. Retrieved
November 1,
2014
.
- ^
"Niall Ferguson - Tate Lecture Series - SMU"
.
www.smu.edu
. Archived from
the original
on November 18, 2012.
- ^
"Dr. Richard Sylla Elected Chairman of Museum of American Finance"
. Retrieved
November 1,
2014
.
- ^
"At Wall Street museum, financial crisis staged a takeover"
.
Los Angeles Times
. October 29, 2010
. Retrieved
February 13,
2020
.
- ^
"Dr. Robert E. Wright"
. Retrieved
November 1,
2014
.
External links
[
edit
]
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Financial District and Battery Park
(Below Chambers St)
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Lower Manhattan
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Chelsea, Flatiron, Gramercy
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Midtown
(34th-59th Sts)
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(59th-125th Sts on or near 5th Av)
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Islands
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State Street
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