Summaries of books by William L. Silber:
Volcker
The Triumph of Persistence
William L. Silber
The book chronicles the life and career of Paul Volcker, the former Chairman of the Federal Reserve, highlighting his efforts to combat inflation in the late 1970s and early 1980s through high interest rates. It delves into his persistent and principled approach to monetary policy, which ultimately stabilized the American economy despite initial controversy and significant political pressure.
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When Washington Shut Down Wall Street
The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy
William L. Silber
The book recounts the financial crisis of 1914 triggered by the outbreak of World War I, detailing how Treasury Secretary William McAdoo closed the New York Stock Exchange to prevent a liquidity crisis and safeguard American gold reserves. It also explores the establishment of the Federal Reserve and the United States' rise to financial supremacy through the innovative and decisive actions taken during this period.
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