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019 _a(OCoLC)979758915
020 _a9780691138763
_qprint
020 _a9781400851669
_qPDF
024 7 _a10.1515/9781400851669
_2doi
035 _a(DE-B1597)9781400851669
035 _a(DE-B1597)453661
035 _a(OCoLC)875447923
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS027000
_2bisacsh
084 _aonline - DeGruyter
100 1 _aSilber, William L.
_eautore
245 1 0 _aWhen Washington Shut Down Wall Street :
_bThe Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy /
_cWilliam L. Silber.
250 _aCourse Book
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2014]
264 4 _c©2008
300 _a1 online resource (240 p.) :
_b2 halftones. 16 line illus.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tAcknowledgments --
_tIntroduction. The Legacy of 1914 --
_tCHAPTER ONE. The Opening Salvo --
_tCHAPTER TWO. The European Gold Rush --
_tCHAPTER THREE. The Nightmare of 1907 --
_tCHAPTER FOUR. Unlocking Emergency Currency --
_tCHAPTER FIVE. Sterling Steals the Spotlight --
_tCHAPTER SIX. New Street Defies McAdoo --
_tCHAPTER SEVEN. Rescue --
_tCHAPTER EIGHT. End Game --
_tCHAPTER NINE. Birth of a Financial Superpower --
_tEPILOGUE. Blueprint for Crisis Control --
_tNotes --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aWhen Washington Shut Down Wall Street unfolds like a mystery story. It traces Treasury Secretary William Gibbs McAdoo's triumph over a monetary crisis at the outbreak of World War I that threatened the United States with financial disaster. The biggest gold outflow in a generation imperiled America's ability to repay its debts abroad. Fear that the United States would abandon the gold standard sent the dollar plummeting on world markets. Without a central bank in the summer of 1914, the United States resembled a headless financial giant. William McAdoo stepped in with courageous action, we read in Silber's gripping account. He shut the New York Stock Exchange for more than four months to prevent Europeans from selling their American securities and demanding gold in return. He smothered the country with emergency currency to prevent a replay of the bank runs that swept America in 1907. And he launched the United States as a world monetary power by honoring America's commitment to the gold standard. His actions provide a blueprint for crisis control that merits attention today. McAdoo's recipe emphasizes an exit strategy that allows policymakers to throttle a crisis while minimizing collateral damage. When Washington Shut Down Wall Street recreates the drama of America's battle for financial credibility. McAdoo's accomplishments place him alongside Paul Volcker and Alan Greenspan as great American financial leaders. McAdoo, in fact, nursed the Federal Reserve into existence as the 1914 crisis waned and served as the first chairman of the Federal Reserve Board.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 7 _aBUSINESS & ECONOMICS / Finance / General.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400851669
856 4 0 _uhttps://www.degruyter.com/isbn/9781400851669
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400851669.jpg
942 _cEB
999 _c207173
_d207173