When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy

by William L. Silber

Book Overview

When 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...

• Format: Hardcover
• Language: English
• ISBN: 0691127476
• ISBN13: 9780691127477
• Release Date: January 2007
• Publisher: Princeton University Press
• Length: 240 Pages
• Weight: 0.52 lbs.
• Dimensions: 0.9" x 6.0" x 9.3"