When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America’s Monetary Supremacy
Professor, author and prominent economic advisor Silber chronicles an era when the U.S.’s reliance on the gold standard was leading it head-on into its first major financial crisis. The outbreak of WWI in 1914 yielded the biggest gold outflow in a generation, jeopardizing America’s reputation with creditor nations and sending the world market value of the dollar into a tailspin. Enter Treasury Secretary William McAdoo, … [ Read more ]
Content: Book | Author: William L. Silber | Subjects: Finance, History | Industry: Finance / Banking