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The Story of Silver: How the White Metal Shaped America and the Modern World PDF ebook

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Buy The Story of Silver: How the White Metal Shaped America and the Modern World PDF ebook by author William L. Silber published by Princeton University Press in 2019 and save up to 80%  compared to the print version of this textbook. With PDF version of this textbook, not only save you money, you can also…

SKU: 9780691175386
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Buy The Story of Silver: How the White Metal Shaped America and the Modern World PDF ebook by author William L. Silber published by Princeton University Press in 2019 and save up to 80%  compared to the print version of this textbook. With PDF version of this textbook, not only save you money, you can also highlight, add text, underline add post-it notes, bookmarks to pages, instantly search for the major terms or chapter titles, etc.
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eBook Details:

Full title: The Story of Silver: How the White Metal Shaped America and the Modern World
Edition:
Copyright year: 2019
Publisher: Princeton University Press
Author: William L. Silber
ISBN: 9780691175386, 9783319953847
Format: PDF

Description of The Story of Silver: How the White Metal Shaped America and the Modern World:
How silver influenced two hundred years of world history, and why it matters today This is the story of silver’s transformation from soft money during the nineteenth century to hard asset today, and how manipulations of the white metal by American president Franklin D. Roosevelt during the 1930s and by the richest man in the world, Texas oil baron Nelson Bunker Hunt, during the 1970s altered the course of American and world history. FDR pumped up the price of silver to help jump start the U.S. economy during the Great Depression, but this move weakened China, which was then on the silver standard, and facilitated Japan’s rise to power before World War II. Bunker Hunt went on a silver-buying spree during the 1970s to protect himself against inflation and triggered a financial crisis that left him bankrupt. Silver has been the preferred shelter against government defaults, political instability, and inflation for most people in the world because it is cheaper than gold. The white metal has been the place to hide when conventional investments sour, but it has also seduced sophisticated investors throughout the ages like a siren. This book explains how powerful figures, up to and including Warren Buffett, have come under silver’s thrall, and how its history guides economic and political decisions in the twenty-first century.

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