An edition of One nation under gold (2017)

One nation under gold

how one precious metal has dominated the American imagination for four centuries

First edition.
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Last edited by Scott365Bot
October 23, 2023 | History
An edition of One nation under gold (2017)

One nation under gold

how one precious metal has dominated the American imagination for four centuries

First edition.
  • 1 Want to read

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.

Publish Date
Language
English
Pages
380

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Previews available in: English

Edition Availability
Cover of: One nation under gold
One nation under gold: how one precious metal has dominated the American imagination for four centuries
2017, Liveright Publishing Corporation
in English - First edition.
Cover of: One Nation under Gold
One Nation under Gold: How One Precious Metal Has Dominated the American Imagination for Four Centuries
2017, Liveright Publishing Corporation
in English

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Book Details


Table of 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.

Edition Notes

Includes bibliographical references (pages 341-369) and index.

Classifications

Dewey Decimal Class
332.4/2220973
Library of Congress
HG295.U6 L43 2017, HG295.U6L43 2017

The Physical Object

Pagination
xvii, 380 pages
Number of pages
380

ID Numbers

Open Library
OL27238149M
Internet Archive
onenationundergo0000ledb
ISBN 10
0871406837
ISBN 13
9780871406835
LCCN
2017005139
OCLC/WorldCat
959808816

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October 23, 2023 Edited by Scott365Bot import existing book
July 20, 2019 Created by MARC Bot import new book