The Amazing Tale of Anna Himmel and the Gold Sovereign


Author: Stevie Henden
Publisher: Troubador Publishing Ltd
ISBN: 1783065834
Category: Fiction
Page: 200
View: 7776

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In 1878, Anna Himmel leaves her family home in Bavaria to emigrate to New York. Through a chance meeting of the man who will later become her husband, she travels instead to London, a decision that changes her life and the lives of her descendants for generations to come.

The gold standard

a selection from the papers
Author: Gold Standard Defence Association
Publisher: N.A
ISBN: N.A
Category: Business & Economics
Page: 16
View: 929

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American Default

The Untold Story of FDR, the Supreme Court, and the Battle over Gold
Author: Sebastian Edwards
Publisher: Princeton University Press
ISBN: 1400890381
Category: Business & Economics
Page: 288
View: 421

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The untold story of how FDR did the unthinkable to save the American economy The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the U.S. dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten chapter in America's history. Sebastian Edwards provides a compelling account of the economic and legal drama that embroiled a nation already reeling from global financial collapse. It began on April 5, 1933, when FDR ordered Americans to sell all their gold holdings to the government. This was followed by the abandonment of the gold standard, the unilateral and retroactive rewriting of contracts, and the devaluation of the dollar. Anyone who held public and private debt suddenly saw its value reduced by nearly half, and debtors--including the U.S. government—suddenly owed their creditors far less. Revaluing the dollar imposed a hefty loss on investors and savers, many of them middle-class American families. The banks fought back, and a bitter battle for gold ensued. In early 1935, the case went to the Supreme Court. Edwards describes FDR's rancorous clashes with conservative Chief Justice Charles Evans Hughes, a confrontation that threatened to finish the New Deal for good—and that led to FDR's attempt to pack the court in 1937. At a time when several major economies never approached the brink of default or devaluing or recalling currencies, American Default is a timely account of a little-known yet drastic experiment with these policies, the inevitable backlash, and the ultimate result.

A Manual of Gold and Silver Coins of All Nations, Struck Within the Past Century

Showing Their History, and Legal Basis, and Their Actual Weight, Fineness, and Value Chiefly from Original and Recent Assays. With which are Incorporated Treatises on Bullion and Plate, Counterfeit Coins, Specific Gravity of Precious Metals, Etc., with Recent Statistics of the Production and Coinage of Gold and Silver in the World, and Sundry Useful Tables
Author: Jacob Reese Eckfeldt,William Ewing Du Bois
Publisher: N.A
ISBN: N.A
Category: Coinage
Page: 220
View: 9142

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The Power of Gold

The History of an Obsession
Author: Peter L. Bernstein
Publisher: John Wiley & Sons
ISBN: 1118282698
Category: Business & Economics
Page: 448
View: 9559

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"The need for realism in reform of its monetary system is what makes Bernstein’s story of the Power of Gold so timely. It is a compelling reminder that maintaining a fixed price for gold and fixed exchange rates were difficult even in a simpler financial environment….Peter Bernstein was reluctant to project the story of gold into the future. But to me his message was clear. Yes, gold will be with us, valued not only for its intrinsic qualities but as a last refuge and store of value in turbulent times. But its days as money, as a means of payment and a fixed unit of account are gone." —From the New Foreword by Paul Volcker This bestselling book reveals a record of human nature in the ubiquity of gold with a new foreword by Paul Volcker In this exciting book, the late Peter L. Bernstein tells the story of history's most coveted, celebrated, and inglorious asset: gold. From the ancient fascinations of Moses and Midas through the modern convulsions caused by the gold standard and its aftermath, gold has led many of its most eager and proud possessors to a bad end. And while the same cycle of obsession and desperation may reverberate in today's fast-moving, electronically-driven markets, the role of gold in shaping human history is the striking feature of this tumultuous tale. Such is the power of gold. Whether it is Egyptian pharaohs with depraved tastes, the luxury-mad survivors of the Black Death, the Chinese inventor of paper money, the pirates on the Spanish Main, or the hardnosed believers in the international gold standard, gold has been the supreme possession. It has been an icon for greed and an emblem of rectitude, as well as a vehicle for vanity and a badge of power that has shaped the destiny of humanity through the ages. Discusses the beginnings of gold as something with magical, religious, and artistic qualities and follows its trail as we progress to the invention of coinage, the transformation of gold into money, and the gold standard Other bestselling books by the late Peter Bernstein: Against the Gods, Capital Ideas, and Capital Ideas Evolving Contemplates gold from the diverse perspectives of monarchs and moneyers, potentates and politicians, men of legendary wealth and others of more plebeian beginnings Far more than a tale of romantic myths, daring explorations, and the history of money and power struggles, The Power of Gold suggests that the true significance of this infamous element may lie in the timeless passions it continues to evoke, and what this reveals about ourselves.

A New History of the Royal Mint


Author: C. E. Challis
Publisher: Cambridge University Press
ISBN: 9780521240260
Category: Business & Economics
Page: 806
View: 7855

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This major study traces the development of English minting from the seventh-century to the twentieth-century.

The True Gold Standard

A Monetary Reform Plan Without Official Reserve Currencies
Author: Lewis E. Lehrman
Publisher: The Lehrman Institute
ISBN: 0984017801
Category: Currency question
Page: 148
View: 6418

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This Monetary Reform Plan proposes to establish the framework for an enduring, stable value for the United States dollar; that is, to define the dollar by statute as a certain weight unit of gold to be coined into lawful money.Long associated with free market prices, mobile factors of production, and free people, a "dollar convertible to gold"* is warranted by the United States Constitution in Article I, Sections 8 and 10 (see Appendix I). A monetary standard of precious metal (gold and silver) was the institutional monetary foundation, the gyroscope, of the great Industrial Revolution of the western world, giving rise at the birth of the American Republic to a reasonably stable American currency. Wars did interrupt stability and growth. But over the long run, economic productivity and population expansion led to unprecedented prosperity. They were hallmarks of the United States from the Coinage Act of 1792 (see Appendix II) until 1971 when the last vestige of dollar linkage to gold was suspended. Floating paper money exchange rates, mixed with pegged and manipulated exchange rates, have persisted during peace and war to this very day. (Since 1971 average hourly real wages have hardly improved.)A floating, or pegged paper and credit currency, has proven itself throughout history an unreliable, depreciating store of value. Unlike the paper dollar, a dollar defined in law as a weight unit of gold is the monetary standard which simultaneously provides all the primary functions of true standard money: (1) a stable store of value; (2) a stable measure and unit-of-account; and, (3) a universally accepted means of payment. A gold monetary standard combines, in one monetary article of wealth, the three primary functions of money. Moreover, the true gold standard of history provides the global networking effects of universally acceptable, equitable, ubiquitous, standard money. Through long historical evolution gold became free trade money.Throughout ancient and modern history it was the unique properties of the gold monetary standard which made it universally acceptable to trading peoples in the market. The test of what The Purpose of The True Gold Standard will endure as honest money can only be studied in the empirical laboratory of human history; mathematical abstractions, drawn from the blackboards of academic economists, will not do. Because trust and universal acceptability are the trademarks of honest moneythese virtues must be affirmed, in the long run, by the tests of the open market, and then reinforced by wise, limited, and prudent governments which understand and embrace the inductive, tested verdict of the market. No perfect monetary system can be fashioned in this imperfect world, peopled by imperfect human beings. But the natural monetary properties of the true gold standarddeveloped by supple and subtle institutional mechanisms through centuries of observation and experienceprovide the world trading system with the least imperfect domestic and international monetary system. Such a system best enables that fragile reed known as civilization to endure.* The term "convertibility" is a conventional but misleading usage handed down from time immemorial. I use the term reluctantly. The historic dollar of the American Constitution should be understood as a certain weight unitof precious metal. Paper and credit monies should be no more than rights to redemption in gold dollars at the statutory parity.

Encyclopedia of the United Nations and International Agreements


Author: Edmund Jan·Osma鈔czyk,Edmund Jan Osmańczyk
Publisher: Taylor & Francis
ISBN: 9780415939225
Category: International relations
Page: 2941
View: 3960

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This thoroughly revised and updated edition is the most comprehensive and detailed reference ever published on United Nations. The book demystifies the complex workings of the world's most important and influential international body.

The ABCs of Gold Investing

How to Protect and Build Your Wealth with Gold
Author: Michael J. Kosares
Publisher: Addicus Books
ISBN: 1936374854
Category: Business & Economics
Page: 195
View: 7595

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Beginning investors will find thorough guidelines for making good decisions in this study of private gold ownership. Emphasis is placed on the asset-preservation qualities of gold at a time when investor uncertainty about the economy and recent investment scandals have led many to seek asset diversification. The economic and political trends driving gold marketing are detailed, as are the reasons why gold plays an important role in millions of investment portfolios worldwide--as both a hedge and an investment for capital gain. With revised content as well as two additional chapters, this updated version examines topics such as gold's role in combating inflation and deflation, how to select a gold firm, the history of gold since 1971, storing gold, and government debt.

Objects and Materials

A Routledge Companion
Author: Penny Harvey,Eleanor Conlin Casella,Gillian Evans,Hannah Knox,Christine McLean,Elizabeth B. Silva,Nicholas Thoburn,Kath Woodward
Publisher: Routledge
ISBN: 1317577736
Category: Social Science
Page: 422
View: 7748

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There is broad acceptance across the Humanities and Social Sciences that our deliberations on the social need to take place through attention to practice, to object-mediated relations, to non-human agency and to the affective dimensions of human sociality. This Companion focuses on the objects and materials found at centre stage, and asks: what matters about objects? Objects and Materials explores the field, providing succinct summary accounts of contemporary scholarship, along with a wealth of new research investigating the capacity of objects to shape, unsettle and exceed expectations. Original chapters from over forty international, interdisciplinary contributors address an array of objects and materials to ask what the terms of collaborations with objects and materials are, and to consider how these collaborations become integral to our understandings of the complex, relational dynamics that fashion social worlds. Objects and Materials will be of interest to students and scholars across the social sciences and humanities, including in sociology, social theory, science and technology studies, history, anthropology, archaeology, gender studies, women’s studies, geography, cultural studies, politics and international relations, and philosophy.