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Financial politics in the United Sta...

Wells, Wyatt C.

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Financial politics in the United States in the 1890s = the golden web /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Financial politics in the United States in the 1890s/ by Wyatt Wells.
Reminder of title:	the golden web /
Author:	Wells, Wyatt C.
Published:	Cham :Springer Nature Switzerland : : 2025.,
Description:	xii, 330 p. :ill., digital ;24 cm.
[NT 15003449]:	Ch 1: Introduction -- Ch 2: Context -- Ch 3: The Politics of Silver -- Ch 4: The End of Compromise -- Ch 5: The Economics of Gold -- Ch 6: The Battle of the Standards -- Ch 7: The Triumph of Gold -- Ch 8: Conclusion.
Contained By:	Springer Nature eBook
Subject:	Monetary policy - History - 19th century. - United States -
Online resource:	https://doi.org/10.1007/978-3-031-86765-1
ISBN:	9783031867651

Financial politics in the United States in the 1890s = the golden web /
Wells, Wyatt C.

Financial politics in the United States in the 1890sthe golden web /[electronic resource] :by Wyatt Wells. - Cham :Springer Nature Switzerland :2025. - xii, 330 p. :ill., digital ;24 cm.

Ch 1: Introduction -- Ch 2: Context -- Ch 3: The Politics of Silver -- Ch 4: The End of Compromise -- Ch 5: The Economics of Gold -- Ch 6: The Battle of the Standards -- Ch 7: The Triumph of Gold -- Ch 8: Conclusion.

In the 1890s, the choice between the gold standard and the free coinage of silver upended American politics. The gold standard linked the United States to the larger international financial system, in which gold was the common denominator. The free coinage of silver would effectively sever these ties by devaluing the dollar. The gold standard allowed the U.S. to secure vast amounts of foreign capital on good terms to build railroads and develop industry, but at the cost of deflation. The free coinage of silver would raise prices, particularly for cotton and wheat, whose cultivators carried heavy debts and were hard-pressed. The struggle would define the United States. Would it continue to develop industrially, or would it return to its agricultural roots? The combatants-among them Grover Cleveland, William Jennings Bryan, J.P. Morgan, and William McKinley-understood what was at stake. This book deals both with well-known aspects of the contest, such as the 1896 Presidential election between McKinley and Bryan, and lesser-known ones, such as how the currency issues interacted with racial politics and international negotiations over the role of silver in the world's monetary system. The result is the most comprehensive account of financial politics in the United States in the 1890s yet published. Wyatt Wells is a Professor of History at Auburn University at Montgomery, USA. He is the author of numerous books and articles on the history of business, finance, and government, most recently Permanent Revolution: Reflections on Capitalism (2020). He has been both the Newcomen Fellow in Business History at Harvard Business School and a Fulbright Fellow at the University of Hong Kong.

ISBN: 9783031867651

Standard No.: 10.1007/978-3-031-86765-1doiSubjects--Topical Terms:

3786226
Monetary policy
--History--United States--19th century.

LC Class. No.: HG529

Dewey Class. No.: 332.4973

Financial politics in the United States in the 1890s = the golden web /
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505 0 $a Ch 1: Introduction -- Ch 2: Context -- Ch 3: The Politics of Silver -- Ch 4: The End of Compromise -- Ch 5: The Economics of Gold -- Ch 6: The Battle of the Standards -- Ch 7: The Triumph of Gold -- Ch 8: Conclusion.
520 $a In the 1890s, the choice between the gold standard and the free coinage of silver upended American politics. The gold standard linked the United States to the larger international financial system, in which gold was the common denominator. The free coinage of silver would effectively sever these ties by devaluing the dollar. The gold standard allowed the U.S. to secure vast amounts of foreign capital on good terms to build railroads and develop industry, but at the cost of deflation. The free coinage of silver would raise prices, particularly for cotton and wheat, whose cultivators carried heavy debts and were hard-pressed. The struggle would define the United States. Would it continue to develop industrially, or would it return to its agricultural roots? The combatants-among them Grover Cleveland, William Jennings Bryan, J.P. Morgan, and William McKinley-understood what was at stake. This book deals both with well-known aspects of the contest, such as the 1896 Presidential election between McKinley and Bryan, and lesser-known ones, such as how the currency issues interacted with racial politics and international negotiations over the role of silver in the world's monetary system. The result is the most comprehensive account of financial politics in the United States in the 1890s yet published. Wyatt Wells is a Professor of History at Auburn University at Montgomery, USA. He is the author of numerous books and articles on the history of business, finance, and government, most recently Permanent Revolution: Reflections on Capitalism (2020). He has been both the Newcomen Fellow in Business History at Harvard Business School and a Fulbright Fellow at the University of Hong Kong.
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