Saving the City

Saving the City
Author: Richard Roberts
Publisher: Oxford University Press, USA
Total Pages: 320
Release: 2013-11
Genre: Business & Economics
ISBN: 0199646546

A week before the outbreak of the First World War, an acute financial crisis surged over London: the Stock Exchange closed; money markets worldwide were paralysed. Drawing on diaries, letters, memoirs, press reports, and official archives, this book tells the extraordinary, and largely unknown, story of the first true global financial crisis.

When Washington Shut Down Wall Street

When Washington Shut Down Wall Street
Author: William L. Silber
Publisher: Princeton University Press
Total Pages: 232
Release: 2008-07-21
Genre: Business & Economics
ISBN: 0691138761

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 central bank in the summer of 1914, the United States resembled a headless financial giant. William McAdoo stepped in with courageous action, we read in Silber's gripping account. He shut the New York Stock Exchange for more than four months to prevent Europeans from selling their American securities and demanding gold in return. He smothered the country with emergency currency to prevent a replay of the bank runs that swept America in 1907. And he launched the United States as a world monetary power by honoring America's commitment to the gold standard. His actions provide a blueprint for crisis control that merits attention today. McAdoo's recipe emphasizes an exit strategy that allows policymakers to throttle a crisis while minimizing collateral damage. When Washington Shut Down Wall Street recreates the drama of America's battle for financial credibility. McAdoo's accomplishments place him alongside Paul Volcker and Alan Greenspan as great American financial leaders. McAdoo, in fact, nursed the Federal Reserve into existence as the 1914 crisis waned and served as the first chairman of the Federal Reserve Board.

The Economics of World War I

The Economics of World War I
Author: Stephen Broadberry
Publisher: Cambridge University Press
Total Pages: 363
Release: 2005-09-29
Genre: History
ISBN: 1139448358

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

July 1914

July 1914
Author: Sean McMeekin
Publisher: Basic Books
Total Pages: 482
Release: 2014-04-29
Genre: History
ISBN: 0465038867

When a Serbian-backed assassin gunned down Archduke Franz Ferdinand in late June 1914, the world seemed unmoved. Even Ferdinand's own uncle, Franz Josef I, was notably ambivalent about the death of the Hapsburg heir, saying simply, "It is God's will." Certainly, there was nothing to suggest that the episode would lead to conflict -- much less a world war of such massive and horrific proportions that it would fundamentally reshape the course of human events. As acclaimed historian Sean McMeekin reveals in July 1914, World War I might have been avoided entirely had it not been for a small group of statesmen who, in the month after the assassination, plotted to use Ferdinand's murder as the trigger for a long-awaited showdown in Europe. The primary culprits, moreover, have long escaped blame. While most accounts of the war's outbreak place the bulk of responsibility on German and Austro-Hungarian militarism, McMeekin draws on surprising new evidence from archives across Europe to show that the worst offenders were actually to be found in Russia and France, whose belligerence and duplicity ensured that war was inevitable. Whether they plotted for war or rode the whirlwind nearly blind, each of the men involved -- from Austrian Foreign Minister Leopold von Berchtold and German Chancellor Bethmann Hollweg to Russian Foreign Minister Sergei Sazonov and French president Raymond Poincaré- sought to capitalize on the fallout from Ferdinand's murder, unwittingly leading Europe toward the greatest cataclysm it had ever seen. A revolutionary account of the genesis of World War I, July 1914 tells the gripping story of Europe's countdown to war from the bloody opening act on June 28th to Britain's final plunge on August 4th, showing how a single month -- and a handful of men -- changed the course of the twentieth century.

The Sleepwalkers

The Sleepwalkers
Author: Christopher Clark
Publisher: Harper Collins
Total Pages: 680
Release: 2013-03-19
Genre: History
ISBN: 0062199226

“A monumental new volume. . . . Revelatory, even revolutionary. . . . Clark has done a masterful job explaining the inexplicable.” — Boston Globe One of The New York Times Book Review’s 10 Best Books of the Year • Winner of the Los Angeles Times Book Prize (History) Historian Christopher Clark’s riveting account of the explosive beginnings of World War I. Drawing on new scholarship, Clark offers a fresh look at World War I, focusing not on the battles and atrocities of the war itself, but on the complex events and relationships that led a group of well-meaning leaders into brutal conflict. Clark traces the paths to war in a minute-by-minute, action-packed narrative that cuts between the key decision centers in Vienna, Berlin, St. Petersburg, Paris, London, and Belgrade, and examines the decades of history that informed the events of 1914 and details the mutual misunderstandings and unintended signals that drove the crisis forward in a few short weeks. Meticulously researched and masterfully written, The Sleepwalkers is a dramatic and authoritative chronicle of Europe’s descent into a war that tore the world apart.

The Crisis

The Crisis
Author:
Publisher:
Total Pages: 48
Release: 1918-12
Genre:
ISBN:

The Crisis, founded by W.E.B. Du Bois as the official publication of the NAACP, is a journal of civil rights, history, politics, and culture and seeks to educate and challenge its readers about issues that continue to plague African Americans and other communities of color. For nearly 100 years, The Crisis has been the magazine of opinion and thought leaders, decision makers, peacemakers and justice seekers. It has chronicled, informed, educated, entertained and, in many instances, set the economic, political and social agenda for our nation and its multi-ethnic citizens.

July Crisis

July Crisis
Author: T. G. Otte
Publisher: Cambridge University Press
Total Pages: 559
Release: 2014-06-05
Genre: History
ISBN: 1107064902

A definitive new account of the catalytic events of July 1914 that led to the outbreak of the First World War.

The Next Great War?

The Next Great War?
Author: Richard N. Rosecrance
Publisher: MIT Press
Total Pages: 316
Release: 2014-11-21
Genre: Political Science
ISBN: 0262326787

Experts consider how the lessons of World War I can help prevent U.S.–China conflict. A century ago, Europe's diplomats mismanaged the crisis triggered by the murder of Archduke Franz Ferdinand of Austria and the continent plunged into World War I, which killed millions, toppled dynasties, and destroyed empires. Today, as the hundredth anniversary of the Great War prompts renewed debate about the war's causes, scholars and policy experts are also considering the parallels between the present international system and the world of 1914. Are China and the United States fated to follow in the footsteps of previous great power rivals? Will today's alliances drag countries into tomorrow's wars? Can leaders manage power relationships peacefully? Or will East Asia's territorial and maritime disputes trigger a larger conflict, just as rivalries in the Balkans did in 1914? In The Next Great War?, experts reconsider the causes of World War I and explore whether the great powers of the twenty-first century can avoid the mistakes of Europe's statesmen in 1914 and prevent another catastrophic conflict. They find differences as well as similarities between today's world and the world of 1914—but conclude that only a deep understanding of those differences and early action to bring great powers together will likely enable the United States and China to avoid a great war. Contributors Alan Alexandroff, Graham Allison, Richard N. Cooper, Charles S. Maier, Steven E. Miller, Joseph S. Nye Jr., T. G. Otte, David K. Richards, Richard N. Rosecrance, Kevin Rudd, Jack Snyder, Etel Solingen, Arthur A. Stein, Stephen Van Evera

Dance of the Furies

Dance of the Furies
Author: Michael S. Neiberg
Publisher: Harvard University Press
Total Pages: 331
Release: 2011-04-25
Genre: History
ISBN: 0674049543

By training his eye on the ways that people outside the halls of power reacted to the rapid onset and escalation of the fighting in 1914, Neiberg dispels the notion that Europeans were rabid nationalists intent on mass slaughter. He reveals instead a complex set of allegiances that cut across national boundaries.