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Greenback Planet By H. W. Brands

Greenback Planet by H. W. Brands

Condition - Very Good
$29.49
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Summary

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

Greenback Planet Summary

Greenback Planet: How the Dollar Conquered the World and Threatened Civilization as We Know It by H. W. Brands

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.

Greenback Planet 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 "In this history of the US dollar, Brands details the key episodes that contributed to the rise of the 'greenback' as the world's pre-eminent currency. He asks what lessons previous financial failures (and successes) hold for policymakers dealing with the fallout of the 2008 crisis." - Survival, June-July 2012

About H. W. Brands

H. W. Brands is the Jack S. Blanton Sr. Chair in History at the University of Texas at Austin. He writes about American history and politics, with books including Traitor to His Class: The Privileged Life and Radical Presidency of Franklin Delano Roosevelt, Andrew Jackson, The Age of Gold, The First American: The Life and Times of Benjamin Franklin, and TR. Several of his books have been best sellers; Traitor to His Class and The First American were finalists for the Pulitzer Prize. Brands lectures frequently on historical and current events and appears on national and international television and radio programs.

Table of Contents

  • 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

Additional information

GOR008592862
9780292723412
0292723415
Greenback Planet: How the Dollar Conquered the World and Threatened Civilization as We Know It by H. W. Brands
Used - Very Good
Hardback
University of Texas Press
2011-10-01
147
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Greenback Planet