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Greenback Planet: How the Dollar Conquered the World and Threatened Civiliza...

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Item specifics

Condition
Good: A book that has been read but is in good condition. Very minimal damage to the cover including ...
Release Year
2011
ISBN
9780292723412

About this product

Product Identifiers

Publisher
University of Texas Press
ISBN-10
0292723415
ISBN-13
9780292723412
eBay Product ID (ePID)
109182061

Product Key Features

Book Title
Greenback Planet : How the Dollar Conquered the World and Threatened Civilization As We Know It
Number of Pages
147 Pages
Language
English
Topic
International / Economics, Economic History, United States / General, Money & Monetary Policy
Publication Year
2011
Genre
Business & Economics, History
Author
H. W. Brands
Book Series
Discovering America Ser.
Format
Hardcover

Dimensions

Item Height
0.7 in
Item Weight
13 Oz
Item Length
9.3 in
Item Width
5.8 in

Additional Product Features

Intended Audience
Trade
LCCN
2011-011982
Reviews
Praise for H. W. Brands:"Brands [is] on the path to becoming the preeminent popular historian of his generation. . . . There is no denying [his] talent for clear, cogent, and uncluttered prose." Chicago Tribune "Exuberant. . . . Entertaining, lively. . . . Brands [is] a wonderfully skilled narrative historian." Los Angeles Times
Dewey Edition
22
Series Volume Number
1
Dewey Decimal
332.4/973
Table Of Content
Introduction 1. Fiat Lucre: 1863-1907 2. Strong and Stronger: 1907-1928 3. Skulls and Bones: 1929-1944 4. The View from Mount Washington: 1944-1963 5. Floating, Floating . . . : 1963-1973 6. Petrodollars, Eurodollars and the Invincible Yen: 1973-1989 7. Bubble and Boil: 1990-2002 8. Be Nice to Your Creditors: 2003- Notes Acknowledgments Index
Synopsis
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., 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., 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.
LC Classification Number
HG501.B67 2011

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