Название: The Story of Silver: How the White Metal Shaped America and the Modern World
Автор: William L. Silber
Издательство: Princeton University Press
ISBN: 0691175381
Год: 2019
Формат: PDF
Страниц: 328
Размер: 71,5 МБ
Язык: Английский

his 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.