Lever of Empire

Lever of Empire

Author: Mark Metzler

Publisher: Univ of California Press

Published: 2006-03-13

Total Pages: 395

ISBN-13: 0520931793

DOWNLOAD EBOOK

This book, the first full account of Japan’s financial history and the Japanese gold standard in the pivotal years before World War II, provides a new perspective on the global political dynamics of the era by placing Japan, rather than Europe, at the center of the story. Focusing on the fall of liberalism in Japan in late 1931 and the global politics of money that were at the center of the crisis, Mark Metzler asks why successive Japanese governments from 1920 to 1931 carried out policies that deliberately induced deflation and depression. His search for answers stretches from Edo to London to the ragged borderlands of the Japanese empire and from the eighteenth century to the 1950s, integrating political and monetary analysis to shed light on the complex dynamics of money, empire, and global hegemony. His detailed and broad ranging account illuminates a range of issues including Japan’s involvement in the economic dynamics that shook interwar Europe, the character of U.S. isolationism, and the rise of fascism as an international phenomenon.


Destabilizing the Global Monetary System: Germany’s Adoption of the Gold Standard in the Early 1870s

Destabilizing the Global Monetary System: Germany’s Adoption of the Gold Standard in the Early 1870s

Author: Mr.Johannes Wiegand

Publisher: International Monetary Fund

Published: 2019-02-15

Total Pages: 28

ISBN-13: 1498301223

DOWNLOAD EBOOK

In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global bimetallism, i.e., a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between gold and silver currencies. As a result, silver currencies depreciated sharply, and severe deflation ensued in the gold block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the contemporaneous debate and statistical evidence suggest that it acted preemptively: the Australian and Californian gold discoveries of around 1850 had greatly increased the global supply of gold. By the mid-1860s, gold threatened to crowd out silver money in France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked exclusion from the fixed exchange rate system that tied together the major industrial economies. Reform required French accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France settled the war indemnity and regained sovereignty in late 1873. In this situation, switching to gold was superior to adopting bimetallism, as it prevented France from derailing Germany’s reform ex-post.


Morgan

Morgan

Author: Jean Strouse

Publisher: Random House Trade Paperbacks

Published: 2014-09-09

Total Pages: 850

ISBN-13: 0812987047

DOWNLOAD EBOOK

NATIONAL BESTSELLER The definitive full-scale portrait of J. Pierpont Morgan’s tumultuous life, both in and out of the public eye History has remembered him as a complex and contradictory figure, part robber baron and part patron saint. J. Pierpont Morgan earned his reputation as “the Napoleon of Wall Street” by reorganizing the nation’s railroads and creating industrial giants such as General Electric and U.S. Steel. At a time when the country had no Federal Reserve system, he appointed himself a one-man central bank. He had two wives, three yachts, four children, six houses, mistresses, and one of the finest art collections in America. In this extraordinary book, drawing extensively on new material, award-winning biographer Jean Strouse vividly portrays the financial colossus, the avid patron of the arts, and the entirely human character behind all the myths. Praise for Morgan “Magnificent . . . the fullest and most revealing look at this remarkable, complex man that we are likely to get.”—The Wall Street Journal “A masterpiece . . . No one else has told the tale of Pierpont Morgan in the detail, depth, and understanding of Jean Strouse.”—Robert Heilbroner, Los Angeles Times Book Review “It is hard to imagine a biographer coming any closer to perfection.”—St. Louis Post-Dispatch “Strouse is in full command of Pierpont Morgan’s personal life, his financial operations, his collecting, and his benefactions, and presents a rich, vivid picture of the background against which they took place. . . . A magnificent biography.”—The New York Review of Books “With uncommon intelligence, maturity, and psychological insight, Morgan: American Financier is that rare masterpiece biography that enables us to penetrate the soul of a complex human being.”—The Philadelphia Inquirer


Banking Panics of the Gilded Age

Banking Panics of the Gilded Age

Author: Elmus Wicker

Publisher: Cambridge University Press

Published: 2000-09-04

Total Pages: 182

ISBN-13: 0521770238

DOWNLOAD EBOOK

This study of post-Civil War banking panics has constructed estimates of bank closures and their incidence in five separate banking disturbances. The book reconstructs the course of banking panics in the interior, where suspension of cash payment was the primary effect on the average person.


Development Centre Studies The Making of Global Finance 1880-1913

Development Centre Studies The Making of Global Finance 1880-1913

Author: Flandreau Marc

Publisher: OECD Publishing

Published: 2009-10-30

Total Pages: 148

ISBN-13: 9264015361

DOWNLOAD EBOOK

This book traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development.


The Power of Gold

The Power of Gold

Author: Peter L. Bernstein

Publisher: John Wiley & Sons

Published: 2005-12-13

Total Pages: 304

ISBN-13: 0470091029

DOWNLOAD EBOOK

Incorporating myth, history and contemporary investigation, Bernstein tells the story of how human beings have become intoxicated, obsessed, enriched, impoverished, humbled and proud for the sake of gold. From the past to the future, Bernstein's portrayal of gold is intimately linked to the character of humankind.


Goldbugs and Greenbacks

Goldbugs and Greenbacks

Author: Gretchen Ritter

Publisher: Cambridge University Press

Published: 1999-06-13

Total Pages: 322

ISBN-13: 9780521653923

DOWNLOAD EBOOK

This is a book about the late-nineteenth-century money debates in American politics, and about the role of history in American political development.


Exploring the Economy of Late Antiquity

Exploring the Economy of Late Antiquity

Author: Jairus Banaji

Publisher: Cambridge University Press

Published: 2016

Total Pages: 275

ISBN-13: 1107101948

DOWNLOAD EBOOK

This book contributes to a new economic history of late antiquity, with tightly argued, stimulating studies of class, money and exchange.