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Greenback Planet: How the Dollar Conquered the World and Threatened Civilization as We Know It
The world runs on the U.S. dollar. From Washington to Beijing, governments, businesses, and individuals rely on the dollar to conduct commerce and invest profitably and safely--even after the global financial meltdown in 2008 revealed the potentially catastrophic cost of the dollar's hegemony. But how did the greenback achieve this planetary dominance a mere century and a ...more
Hardcover, 139 pages
Published October 1st 2011 by University of Texas Press
(first published January 1st 2011)
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Great historical study on the origin and economic power that the American dollar has had over the years. Some of the stories seem so crazy weird that you think he's making it up. He discusses all the ups and downs of the dollar. He makes some surprising claims about the Federal Reserve. It sorta made me rethink my dogmatic presumption that going back to the gold standard would help fix some of our economic woes. Honestly though, some of what Brands had to say was just way over my head. I'm sure ...more
Well written review of the history of and future problems with the US dollar. A book that gives real understanding to the dollar, where it came from, what impacts it has had on the world and the problems the US dollar now faces. Very easy and interesting reading.
Henry William Brands was born in Portland, Oregon, where he lived until he went to California for college. He attended Stanford University and studied history and mathematics. After graduating he became a traveling salesman, with a territory that spanned the West from the Pacific to Colorado. His wanderlust diminished after several trips across the Great Basin, and he turned to sales of a differen ...more