Journal Article Planning and Plotting: A Note on Terminology Get access Henry Smith Henry Smith Liverpool Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 3, Issue 3, June 1936, Pages 193–200, https://doi.org/10.2307/2967627 Published: 01 June 1936

Origins of the program, 297.— Pitfalls of the policy, 299.— State Department's attempts to avoid them, 300.—Difficulty in application of most-favored-nation principle, 301.—Attempts to meet this, 302.— "Safeguards" 303.— Quotas and exchange control, 304.—Prohibitions on sanitary grounds, 305.— Monopolistic practices, 305.— Domestic planning measures, 305.— The problem of monetary instability, 307. — Conflict with bilateral exchange pacts, 309.—Conclusions: no safeguards developed against managed currency and economic planning pitfalls, 311.—Leadership incumbent upon creditor nations, 312.

Stock Exchange listing requirements in the United States, prior to 1934, were formulated by individual exchanges, each exchange acting on its own initiative and authority. This had been the practice of American stock exchanges since listings first began to be important in the 1860's. The London Stock Exchange followed the same practice and still decides such questions according to its own rules. In contrast are the Continental exchanges, such as the Paris Bourse and Berlin Bourse, which have had listing requirements, formulated by legislative bodies and imposed upon them for administration. The practice of having varying types of listing requirements on the part of different exchanges has led to abuses both in the enactment and in the administration of such requirements. These variations cannot be considered here but it is sufficient to state that such variations existed to an extent sufficient to justify legislative action. The legislation intended to correct these defects is included in the Securities Exchange Act of 1934. Two separate measures have been taken exchanges have been classified into two groups, exempted and registered and uniform listing requirements have been prescribed for each group.

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