When Washington Shut down Wall Street The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy

Name: When Washington Shut down Wall Street The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy
Price: 10.37 USD
Availability: InStock
ISBN: 9780691138763

ISBN-10: 0691138761

ISBN-13: 9780691138763

Edition: 2008

Authors: William L. Silber

List price: $37.00

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Description:

When Washington Shut Down Wall Streetunfolds like a mystery story. It traces Treasury Secretary William Gibbs McAdoo's triumph over a monetary crisis at the outbreak of World War I that threatened the United States with financial disaster. The biggest gold outflow in a generation imperiled America's ability to repay its debts abroad. Fear that the United States would abandon the gold standard sent the dollar plummeting on world markets. Without a central bank in the summer of 1914, the United States resembled a headless financial giant. William McAdoo stepped in with courageous action, we read in Silber's gripping account. He shut the New York Stock Exchange for more than four months to…

Book details

List price: $37.00
Copyright year: 2008
Publisher: Princeton University Press
Publication date: 7/21/2008
Binding: Paperback
Pages: 240
Size: 6.50" wide x 9.09" long x 0.57" tall
Weight: 0.682
Language: English



Acknowledgments


Introduction: The Legacy of 1914



The Opening Salvo



The European Gold Rush



The Nightmare of 1907



Unlocking Emergency Currency



Sterling Steals the Spotlight



New Street Defies McAdoo



Rescue



End Game



Birth of a Financial Superpower


Epilogue: Blueprint for Crisis Control


Notes


References


Index