The world runs on the U.S. dollar. From Washington to Beijing, governments, businesses, and individuals rely on the dollar to conduct commerce and invest profitably and safely―even after the global financial meltdown in 2008 revealed the potentially catastrophic cost of the dollar's hegemony. But how did the greenback achieve this planetary dominance a mere century and a half after President Lincoln issued the first currency backed only by the credit―and credibility―of the federal government?
In Greenback Planet, acclaimed historian H. W. Brands charts the dollar's astonishing rise to become the world's principal currency. Telling the story with the verve of a novelist, he recounts key episodes in U.S. monetary history, from the Civil War debate over fiat money (greenbacks) to the recent worldwide financial crisis. Brands explores the dollar's changing relations to gold and silver and to other currencies and cogently explains how America's economic might made the dollar the fundamental standard of value in world finance. He vividly describes the 1869 Black Friday attempt to corner the gold market, banker J. P. Morgan's bailout of the U.S. treasury, the creation of the Federal Reserve, and President Franklin Roosevelt's handling of the bank panic of 1933. Brands shows how lessons learned (and not learned) in the Great Depression have influenced subsequent U.S. monetary policy, and how the dollar's dominance helped transform economies in countries ranging from Germany and Japan after World War II to Russia and China today. He concludes with a sobering dissection of the 2008 world financial debacle, which exposed the power―and the enormous risks―of the dollar's worldwide reign.
"synopsis" may belong to another edition of this title.
"About this title" may belong to another edition of this title.
Shipping:
£ 2.54
Within U.S.A.
Book Description Hardcover. Condition: new. Buy for Great customer experience. Seller Inventory # GoldenDragon0292723415
Book Description Condition: New. Brand New. Seller Inventory # 9780292723412
Book Description Hardcover. Condition: new. New. Seller Inventory # Wizard0292723415
Book Description Hardcover. Condition: new. New Copy. Customer Service Guaranteed. Seller Inventory # think0292723415
Book Description Condition: new. Seller Inventory # FrontCover0292723415
Book Description Hardcover. Condition: new. New. Fast Shipping and good customer service. Seller Inventory # Holz_New_0292723415
Book Description Condition: New. Book is in NEW condition. 0.55. Seller Inventory # 0292723415-2-1
Book Description Hardcover. Condition: Brand New. 147 pages. 9.00x5.75x0.75 inches. In Stock. Seller Inventory # __0292723415
Book Description Hardback. Condition: New. New copy - Usually dispatched within 4 working days. With fascinating stories of money men, from Alexander Hamilton to Alan Greenspan and Ben Bernanke, and deft explanations of the ins and outs of monetary policy, Greenback Planet clarifies why the dollar rules the world--and why that should frighten us all. Seller Inventory # B9780292723412
Book Description Condition: New. With fascinating stories of money men, from Alexander Hamilton to Alan Greenspan and Ben Bernanke, and deft explanations of the ins and outs of monetary policy, Greenback Planet clarifies why the dollar rules the world--and why that should frighten us all Series: Discovering America. Num Pages: 147 pages. BIC Classification: 1KBB; KCBM; KCZ; KFF. Category: (P) Professional & Vocational. Dimension: 5817 x 3556 x 20. Weight in Grams: 341. . 2011. First Edition. Hardcover. . . . . Seller Inventory # V9780292723412