Download or read book Sterling written by N. J. Mayhew and published by . This book was released on 2000-05 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Like an underground stream which rarely comes to the surface but which nevertheless irrigates the countryside through which it flows, sterling runs through British history, from the Conquest up to the present day." With this passage, Nicholas Mayhew begins his fascinating look at one of the world?s most storied, influential currencies. Sterling: The History of a Currency is both an absorbing account of the global impact of currency throughout the second millennium and an entertaining primer in financial history and theory. Mayhew traces the path of sterling from its genesis around 1080, during the rule of William the Conqueror, through latter-day struggles to hold its own amidst the global retreat from precious metals standards and the still-developing Euro. Tales of laborers and merchants interweave with those of knights and kings to reveal the social fabric of European society in 1500. Passages from Adam Smith?s 1776 classic The Wealth of Nations outline early but fundamental principles of banking. The dramatic increase in the early nineteenth-century supply of sterling, accompanied by its equally dramatic fall in value, is explored, and the evolution of money from silver and gold through paper, plastic, and electronic impulses is contrasted with social movements that have changed our need for, and relationship with, money. "Sterling, like the English landscape, has evolved over the centuries, reflecting and sometimes leading to changes in the nation?s history, and also generating a sense of unchanging stability of fundamental importance to the national psyche." The history of sterling is nothing less than the history of England and the world. Sterling tells that story with all the vividness and drama which its topic so richly deserves. This profound book also travels far into the heart of mankind?s physical and emotional relationship to currency. Whether you are a student of finance, history, psychology,or sociology, Sterling will leave you with a new appreciation for the central role a currency plays in the development of a nation?and the almost human qualities that currency often assumes as it ages, sometimes gracefully and sometimes fitfully, over the years and centuries. Through the prism of one of the world?s venerated currencies . . . A fascinating portrait of world history War . . . peace . . . prosperity . . . famine . . . throughout each of these historical phenomena, the common denominator is mankind?and money. Sterling: The History of a Currency traces the incredible history of England and the world over the past centuries through the ebb and flow of its chief currency, the pound sterling. From the eleventh-century Domesday Book, with its surprisingly accurate accounting of the population and wealth of England, to the final days of the twentieth century, Sterling describes how England and its omnipresent standard of currency first ruled the globe, then struggled to find a place in an expanding, increasingly complex environment. Detailed photographs strikingly illustrate the lineage of English money over the past century while historical references, quotes, facts, and tales vividly portray the centuries-long partnership of England and sterling in the formation of a culture. More than a simple recitation of economic facts and figures, Sterling represents a vibrant, lifelike portrait of the people and events that make up one of history?s great nations?and the currency that was instrumental in its formation. As workers and farmers toiled to acquire it, merchants and landowners struggled to amass it, and kings and financiers conspired to control it, sterling wrote its own tale. It is a tale of money, power, and life itself, and one that bears scrutiny as we begin our new century.

Download or read book The Decline of Sterling written by Catherine R. Schenk and published by Cambridge University Press. This book was released on 2010-05-27 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. Why was this demise so prolonged? Traditional explanations emphasize British efforts to prolong sterling's role because it increased the capacity to borrow, enhanced prestige, or supported London as a centre for international finance. This book challenges this view by arguing that sterling's international role was prolonged by the weakness of the international monetary system and by collective global interest in its continuation. Using the archives of Britain's partners in Europe, the USA and the Commonwealth, Catherine Schenk shows how the UK was able to convince other governments that sterling's international role was critical for the stability of the international economy and thereby attract considerable support to manage its retreat. This revised view has important implications for current debates over the future of the US dollar as an international currency.

Download or read book Exorbitant Privilege written by Barry Eichengreen and published by Oxford University Press. This book was released on 2011-01-07 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is, as a critic of U.S.

Download or read book Credibility and the International Monetary Regime written by Michael D. Bordo and published by Cambridge University Press. This book was released on 2012-04-09 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents ten studies which combine historical narrative with econometrics to analyze the role of credibility in four monetary regimes.

Download or read book How Global Currencies Work written by Barry Eichengreen and published by Princeton University Press. This book was released on 2019-02-26 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the history of the modern global economy seems to support the long-held view that the currency of the world’s leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. Offering a new history of global finance over the past two centuries and marshaling extensive new data to test current theories of how global currencies work, the authors show that several national monies can share international currency status—and that their importance can change rapidly. They demonstrate how changes in technology and international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. In fact, they show that multiple international and reserve currencies have coexisted in the past—upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.

Download or read book Good bye Great Britain written by Kathleen Burk and published by Yale University Press. This book was released on 1992-01-01 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this authoritative and gripping book--the first full account of the 1976 International Monetary Fund crisis--Kathleen Burk and Alec Cairncross peel back the surface of the most searing economic crisis of postwar Britain to reveal its historical roots and contemporary context. During the spring of 1976, the plummeting value of the British pound against the U.S. dollar triggered a traumatic economic and political crisis. International confidence in the pound collapsed; an article in the Wall Street Journal, headlined "Good-bye, Great Britain," urged investors to get out of sterling. Refused aid by the London and New York markets, the Labour Government under Prime Minister James Callaghan was forced to turn for help to the IMF--a highly unusual move for a developed Western economy. Fearing that the economic crisis would drive Britain into a left-wing siege economy which would endanger NATO and the EEC, the United States and Germany used the IMF loan as a means to force Britain to make major domestic policy changes; when the IMF mission arrived in London in November 1976, it was announced that the price for the loan included deep cuts in domestic spending. Burk and Cairncross uncover the maneuvers of the Labour Government to evade IMF conditions. They also examine underlying economic factors, the political agenda, the rise of monetarist ideas, and the Keynesian response. Juxtaposing narrative with analysis, they provide surprising answers to critical questions and reveal how the breakdown of the post-war consensus on the macroeconomic management paved the way for the triumph of Thatcherism.

Download or read book The Sterling Area written by British Information Services and published by . This book was released on 1945 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Real Sterling Crisis written by Roger Bootle and published by . This book was released on 2016-12-06 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Decline and Fall of the American Republic written by Bruce Ackerman and published by Harvard + ORM. This book was released on 2011-02-01 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Audacious . . . offers a fierce critique of democracy’s most dangerous adversary: the abuse of democratic power by democratically elected chief executives.” (Benjamin R. Barber, New York Times bestselling author of Jihad vs. McWorld ) Bruce Ackerman shows how the institutional dynamics of the last half-century have transformed the American presidency into a potential platform for political extremism and lawlessness. Watergate, Iran-Contra, and the War on Terror are only symptoms of deeper pathologies. Ackerman points to a series of developments that have previously been treated independently of one another?from the rise of presidential primaries, to the role of pollsters and media gurus, to the centralization of power in White House czars, to the politicization of the military, to the manipulation of constitutional doctrine to justify presidential power-grabs. He shows how these different transformations can interact to generate profound constitutional crises in the twenty-first century?and then proposes a series of reforms that will minimize, if not eliminate, the risks going forward. “The questions [Ackerman] raises regarding the threat of the American Executive to the republic are daunting. This fascinating book does an admirable job of laying them out.” —The Rumpus “Ackerman worries that the office of the presidency will continue to grow in political influence in the coming years, opening possibilities for abuse of power if not outright despotism.” —Boston Globe “A serious attention-getter.” —Joyce Appleby, author of The Relentless Revolution “Those who care about the future of our nation should pay careful heed to Ackerman’s warning, as well as to his prescriptions for avoiding a constitutional disaster.” —Geoffrey R. Stone, author of Perilous Times

Download or read book The Rise and Fall of the Gold Standard written by Sir Charles Morgan-Webb and published by Hassell Street Press. This book was released on 2021-09-09 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Download or read book The Death of Money written by James Rickards and published by Penguin. This book was released on 2017-04-04 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar. The U.S. dollar has been the global reserve currency since the end of World War II. If the dollar fails, the entire international monetary system will fail with it. But optimists have always said, in essence, that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government. In the last few years, however, the risks have become too big to ignore. While Washington is gridlocked, our biggest rivals—China, Russia, and the oil-producing nations of the Middle East—are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos. James Rickards, the acclaimed author of Currency Wars, shows why money itself is now at risk and what we can all do to protect ourselves. He explains the power of converting unreliable investments into real wealth: gold, land, fine art, and other long-term stores of value.

Download or read book A History of Money written by Glyn Davies and published by University of Wales Press. This book was released on 2016-05-15 with total page 1308 pages. Available in PDF, EPUB and Kindle. Book excerpt: A History of Money looks at how money as we know it developed through time. Starting with the barter system, the basic function of exchanging goods evolved into a monetary system based on coins made up of precious metals and, from the 1500s onwards, financial systems were established through which money became intertwined with commerce and trade, to settle by the mid-1800s into a stable system based upon Gold. This book presents its closing argument that, since the collapse of the Gold Standard, the global monetary system has undergone constant crisis and evolution continuing into the present day.

Download or read book The Sinking of the Bismarck written by William Shirer and published by Young Voyageur. This book was released on 2017-09-07 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: An acclaimed historian provides a thrilling account of the British Navy's unlikely defeat of the world's most feared battleship!

Download or read book Gaining Currency written by Eswar Prasad and published by Oxford University Press. This book was released on 2017 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also shows how much further it has to go before becoming a major international currency. The hype about its inevitable ascendance to global dominance is overblown.

Download or read book Sterling written by N. J. Mayhew and published by . This book was released on 2000 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Empire Project written by John Darwin and published by Cambridge University Press. This book was released on 2009-09-24 with total page 815 pages. Available in PDF, EPUB and Kindle. Book excerpt: The British Empire, wrote Adam Smith, 'has hitherto been not an empire, but the project of an empire' and John Darwin offers a magisterial global history of the rise and fall of that great imperial project. The British Empire, he argues, was much more than a group of colonies ruled over by a scattering of British expatriates until eventual independence. It was, above all, a global phenomenon. Its power derived rather less from the assertion of imperial authority than from the fusing together of three different kinds of empire: the settler empire of the 'white dominions'; the commercial empire of the City of London; and 'Greater India' which contributed markets, manpower and military muscle. This unprecedented history charts how this intricate imperial web was first strengthened, then weakened and finally severed on the rollercoaster of global economic, political and geostrategic upheaval on which it rode from beginning to end.

Download or read book Currency Power written by Benjamin J. Cohen and published by Princeton University Press. This book was released on 2018-04-24 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the dollar will remain the world's most powerful currency Monetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the relationship between currency and power, and what does it portend for the geopolitical standing of the United States, Europe, and China? Popular opinion holds that the days of the dollar, long the world’s dominant currency, are numbered. By contrast, Currency Power argues that the current monetary rivalry still greatly favors America’s greenback. Benjamin Cohen shows why neither the euro nor the yuan will supplant the dollar at the top of the global currency hierarchy. Cohen presents an innovative analysis of currency power and emphasizes the importance of separating out the various roles that international money might have. After systematically exploring the links between currency internationalization and state power, Cohen turns to the state of play among today’s top currencies. The greenback, he contends, is the "indispensable currency"—the one that the world can’t do without. Only the dollar is backed by all the economic and political resources that make a currency powerful. Meanwhile, the euro is severely handicapped by structural defects in the design of its governance mechanisms, and the yuan suffers from various practical limitations in both finance and politics. Contrary to today’s growing opinion, Currency Power demonstrates that the dollar will continue to be the leading global currency for some time to come.