Coverart for item
The Resource One nation under gold : how one precious metal has dominated the American imagination for four centuries, James Ledbetter

One nation under gold : how one precious metal has dominated the American imagination for four centuries, James Ledbetter

Label
One nation under gold : how one precious metal has dominated the American imagination for four centuries
Title
One nation under gold
Title remainder
how one precious metal has dominated the American imagination for four centuries
Statement of responsibility
James Ledbetter
Creator
Author
Subject
Genre
Language
eng
Summary
Worshipped by Tea Party politicians but loathed by sane economists, gold has historically influenced American monetary policy and has exerted an often outsized influence on the national psyche for centuries. Now, acclaimed business writer James Ledbetter explores the tumultuous history and larger-than-life personalities―from George Washington to Richard Nixon―behind America’s volatile relationship to this hallowed metal and investigates what this enduring obsession reveals about the American identity. Exhaustively researched and expertly woven, One Nation Under Gold begins with the nation’s founding in the 1770s, when the new republic erupted with bitter debates over the implementation of paper currency in lieu of metal coins. Concerned that the colonies’ thirteen separate currencies would only lead to confusion and chaos, some Founding Fathers believed that a national currency would not only unify the fledgling nation but provide a perfect solution for a country that was believed to be lacking in natural silver and gold resources. Animating the "Wild West" economy of the nineteenth century with searing insights, Ledbetter brings to vivid life the actions of Whig president Andrew Jackson, one of gold’s most passionate advocates, whose vehement protest against a standardized national currency would precipitate the nation’s first feverish gold rush. Even after the establishment of a national paper currency, the virulent political divisions continued, reaching unprecedented heights at the Democratic National Convention in 1896, when presidential aspirant William Jennings Bryan delivered the legendary "Cross of Gold" speech that electrified an entire convention floor, stoking the fears of his agrarian supporters. While Bryan never amassed a wide-enough constituency to propel his cause into the White House, America’s stubborn attachment to gold persisted, wreaking so much havoc that FDR, in order to help rescue the moribund Depression economy, ordered a ban on private ownership of gold in 1933. In fact, so entrenched was the belief that gold should uphold the almighty dollar, it was not until 1973 that Richard Nixon ordered that the dollar be delinked from any relation to gold―completely overhauling international economic policy and cementing the dollar’s global significance. More intriguing is the fact that America’s exuberant fascination with gold has continued long after Nixon’s historic decree, as in the profusion of late-night television ads that appeal to goldbug speculators that proliferate even into the present. One Nation Under Gold reveals as much about American economic history as it does about the sectional divisions that continue to cleave our nation, ultimately becoming a unique history about economic irrationality and its influence on the American psyche
Summary
An account of America's historical obsession with gold documents events ranging from the search for El Dorado to FDR's ban on private gold ownership, sharing insights into its current influences on the economy and human psyche
Writing style
http://library.link/vocab/ext/novelist/bookUI
10564932
Cataloging source
DLC
Dewey number
973
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/resourcePreferred
True
Target audience
adult
http://bibfra.me/vocab/lite/titleRemainder
how one precious metal has dominated the American imagination for four centuries
Label
One nation under gold : how one precious metal has dominated the American imagination for four centuries, James Ledbetter
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 341-369) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
El Dorado comes true -- A crash, a clash, and a "crime" -- The dangers of the yellow brick road -- FDR bids good-bye to gold -- The arsenal of gold -- Out of balance -- Operation Goldfinger -- Dueling apocalypses -- This time for real -- Legal at last -- Goldbugs in power -- God, gold, and guns
Control code
959808816
Dimensions
25 cm.
Edition
First edition.
Extent
xvii, 380 pages
Isbn
9780871406835
Lccn
2017005139
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)959808816
Label
One nation under gold : how one precious metal has dominated the American imagination for four centuries, James Ledbetter
Publication
Bibliography note
Includes bibliographical references (pages 341-369) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
El Dorado comes true -- A crash, a clash, and a "crime" -- The dangers of the yellow brick road -- FDR bids good-bye to gold -- The arsenal of gold -- Out of balance -- Operation Goldfinger -- Dueling apocalypses -- This time for real -- Legal at last -- Goldbugs in power -- God, gold, and guns
Control code
959808816
Dimensions
25 cm.
Edition
First edition.
Extent
xvii, 380 pages
Isbn
9780871406835
Lccn
2017005139
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)959808816

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