The Story of Silver: How the White Metal Shaped America and the Modern World

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Description

How silver influenced two hundred years of world history, and why it matters today This is the story of silver's transformation from soft money during the nineteenth century to hard asset today, and how manipulations of the white metal by American president Franklin D. Roosevelt during the 1930s and by the richest man in the world, Texas oil bar

Reviews

"One of the Financial Times' Summer Books of 2019: History"
"One of the Financial Times' Best Books of 2019: History"
"The Story of Silver is the biography of America's first monetary metal. Biography is the word, as William Silber's colorful narrative is one of personalities as much as it is of ideas and events. Like gold, silver can preoccupy its fans to the point of obsession, as it did the Hunt brothers, Texas inflation-phobes who lost a fortune in 1980 by betting on silver and therefore against Paul Volcker, then chairman of the Federal Reserve, and Mr. Volcker's sky-high interest rates."---James Grant, Wall Street Journal
"Deeply researched and authoritative. . . . A well-informed history of silver's allure." * Kirkus *
"This is an enjoyable book, combining political and economic history, unlikable people, lucid explanations and an authorial tone that is sometimes firmly tongue-in-cheek."---Kathleen Burk, Literary Review
"A page-turner of a financial-political multi-generational thriller worthy of, say, John Grisham, filled with larger-than-life speculators, businessmen, manipulators, crooks and politicians."---Peter Gordon, Asian Review of Books
"Silber, a many-sided professor at New York University's Stern School of Business, is a gifted story-teller."---David Warsh, Seeking Alpha
"Impeccably researched. . . . There is no shortage of compelling material to ponder."---John Plender, Financial Times
"A delightful and instructive read."---Tony Barber, Financial Times, Summer Books of 2019
"The book is entertaining and enlightening. It should appeal to a wide audience, including anyone . . . who likes a well written story. Silber is an architect of palatable prose. . . . Silber's book is insightful and enjoyable. It deserves to be read widely, particularly his chapters on Roosevelt's silver policies and their effect on China. These chapters raise questions about the nature of the United States and why our political system at times pursues policies that benefit small groups of our citizens at the expense not just of the rest of our nation but of the rest of the world."---Gary Richardson, Regulation
"The Story of Silver is a wonderful, broad book, full of verve and insight into why various generationsfrom Queen Elizabeth I to Warren Buffett, Alexander Hamilton to, especially, the infamous Hunt brothershave been so focused on this slippery stuff."---Peter Conti-Brown, Business History Review

Author Bio

William L. Silber is the Marcus Nadler Professor of Finance and Economics at New York Universitys Stern School of Business. His many books include When Washington Shut Down Wall Street (Princeton) and Volcker (Bloomsbury). He lives in Teaneck, New Jersey.