The Story of Silver

How the White Metal Shaped America and the Modern World

Business & Finance, Economics, Money & Monetary Policy, Economic History
Cover of the book The Story of Silver by William L. Silber, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: William L. Silber ISBN: 9780691184517
Publisher: Princeton University Press Publication: February 5, 2019
Imprint: Princeton University Press Language: English
Author: William L. Silber
ISBN: 9780691184517
Publisher: Princeton University Press
Publication: February 5, 2019
Imprint: Princeton University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Princeton University Press

Cover of the book Islam in South Asia in Practice by William L. Silber
Cover of the book The Age of Garvey by William L. Silber
Cover of the book Leviathan and the Air-Pump by William L. Silber
Cover of the book After Adam Smith by William L. Silber
Cover of the book Guilty of Indigence by William L. Silber
Cover of the book The Alzheimer Conundrum by William L. Silber
Cover of the book Yield Curve Modeling and Forecasting by William L. Silber
Cover of the book A Community of Scholars by William L. Silber
Cover of the book The Impossibility of Religious Freedom by William L. Silber
Cover of the book Silent Sparks by William L. Silber
Cover of the book Economics in Two Lessons by William L. Silber
Cover of the book The Craft of International History by William L. Silber
Cover of the book Unelected Power by William L. Silber
Cover of the book The Fourth Pig by William L. Silber
Cover of the book Poetic Trespass by William L. Silber
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy