Book picks similar to
Fountain of Fortune: Money and Monetary Policy in China, 1000-1700 by Richard von Glahn
history
economic-history
economics
china
When China Ruled the Seas: The Treasure Fleet of the Dragon Throne, 1405-1433
Louise Levathes - 1994
Itwas a time of exploration and conquest, but it ended in a retrenchment so complete that less than a century later, it was a crime to go to sea in a multimasted ship. In When China Ruled the Seas, Louise Levathes takes a fascinating and unprecedented look at this dynamic period in China's enigmatichistory, focusing on China's rise as a naval power that literally could have ruled the world and at its precipitious plunge into isolation when a new emperor ascended the Dragon Throne. During the brief period from 1405 to 1433, seven epic expeditions brought China's treasure ships across the China Seas and the Indian Ocean, from Taiwan to the spice islands of Indonesia and the Malabar coast of India, on to the rich ports of the Persian Gulf and down the African coast, China'sEl Dorado, and perhaps even to Australia, three hundred years before Captain Cook was credited with its discovery. With over 300 ships--some measuring as much as 400 feet long and 160 feet wide, with upwards of nine masts and twelve sails, and combined crews sometimes numbering over 28,000men--the emperor Zhu Di's fantastic fleet was a virtual floating city, a naval expression of his Forbidden City in Beijing. The largest wooden boats ever built, these extraordinary ships were the most technically superior vessels in the world with innovations such as balanced rudders and bulwarkedcompartments that predated European ships by centuries. For thirty years foreign goods, medicines, geographic knowledge, and cultural insights flowed into China at an extraordinary rate, and China extended its sphere of political power and influence throughout the Indian Ocean. Half the world was inChina's grasp, and the rest could easily have been, had the emperor so wished. But instead, China turned inward, as suceeding emperors forbade overseas travel and stopped all building and repair of oceangoing junks. Disobedient merchants and seamen were killed, and within a hundred years thegreatest navy the world had ever known willed itself into extinction. The period of China's greatest outward expansion was followed by the period of its greatest isolation. Drawing on eye-witness accounts, official Ming histories, and African, Arab, and Indian sources, many translated for the first time, Levathes brings readers inside China's most illustrious scientific and technological era. She sheds new light on the historical and cultural context in which thisgreat civilization thrived, as well as the perception of other cultures toward this little understood empire at the time. Beautifully illustrated and engagingly written, When China Ruled the Seas is the fullest picture yet of the early Ming Dynasty--the last flowering of Chinese culture before theManchu invasions.
740 Park: The Story of the World's Richest Apartment Building
Michael Gross - 2005
One apartment had 37 rooms, 14 bathrooms, 43 closets, 11 working fireplaces, a private elevator, and his-and-hers saunas; another at one time had a live-in service staff of 16. To this day, it is steeped in the purest luxury, the kind most of us could only imagine, until now. The last great building to go up along New York’s Gold Coast, construction on 740 Park finished in 1930. Since then, 740 has been home to an ever-evolving cadre of our wealthiest and most powerful families, some of America’s (and the world’s) oldest money—the kind attached to names like Vanderbilt, Rockefeller, Bouvier, Chrysler, Niarchos, Houghton, and Harkness—and some whose names evoke the excesses of today’s monied elite: Kravis, Koch, Bronfman, Perelman, Steinberg, and Schwarzman. All along, the building has housed titans of industry, political power brokers, international royalty, fabulous scam-artists, and even the lowest scoundrels.The book begins with the tumultuous story of the building’s construction. Conceived in the bubbling financial, artistic, and social cauldron of 1920’s Manhattan, 740 Park rose to its dizzying heights as the stock market plunged in 1929—the building was in dire financial straits before the first apartments were sold. The builders include the architectural genius Rosario Candela, the scheming businessman James T. Lee (Jacqueline Kennedy Onassis’s grandfather), and a raft of financiers, many of whom were little more than white-collar crooks and grand-scale hustlers. Once finished, 740 became a magnet for the richest, oldest families in the country: the Brewsters, descendents of the leader of the Plymouth Colony; the socially-registered Bordens, Hoppins, Scovilles, Thornes, and Schermerhorns; and top executives of the Chase Bank, American Express, and U.S. Rubber. Outside the walls of 740 Park, these were the people shaping America culturally and economically. Within those walls, they were indulging in all of the Seven Deadly Sins. As the social climate evolved throughout the last century, so did 740 Park: after World War II, the building’s rulers eased their more restrictive policies and began allowing Jews (though not to this day African Americans) to reside within their hallowed walls. Nowadays, it is full to bursting with new money, people whose fortunes, though freshly-made, are large enough to buy their way in. At its core this book is a social history of the American rich, and how the locus of power and influence has shifted haltingly from old bloodlines to new money. But it’s also much more than that: filled with meaty, startling, often tragic stories of the people who lived behind 740’s walls, the book gives us an unprecedented access to worlds of wealth, privilege, and extraordinary folly that are usually hidden behind a scrim of money and influence. This is, truly, how the other half—or at least the other one hundredth of one percent—lives.
The New Lombard Street: How the Fed Became the Dealer of Last Resort
Perry G. Mehrling - 2010
Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis--but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system.Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets--most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.
Fundamental Analysis, Value Investing & Growth Investing
Roger Lowenstein - 1997
Growth investing is a fundamentally different style that seeks to identify tomorrow's great business successes. Learn the ins and outs, and the pros and cons, of these basic investment styles.
The Ascent of Money: A Financial History of the World
Niall Ferguson - 2007
Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it’s the sinews of war. To revolutionaries, it’s the chains of labor. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What’s more, he reveals financial history as the essential backstory behind all history. With the clarity and verve for which he is known, Ferguson elucidates key financial institutions and concepts by showing where they came from. What is money? What do banks do? What’s the difference between a stock and a bond? Why buy insurance or real estate? And what exactly does a hedge fund do? This is history for the present. Ferguson travels to post-Katrina New Orleans to ask why the free market can’t provide adequate protection against catastrophe. He delves into the origins of the subprime mortgage crisis.
Grand Transitions: How the Modern World Was Made
Vaclav Smil - 2021
Simultaneously, in other parts of the world, hundreds of millions remain largely untouched by thesedevelopments.Through erudite storytelling, Vaclav Smil investigates the fascinating and complex interactions of these transitions. He argues that the moral imperative to share modernity's benefits has become more acute with increasing economic inequality, but addressing this imbalance would make it exceedinglydifficult to implement the changes necessary for the long-term preservation of the environment. Thus, managing the fifth transition--environmental changes from natural-resource depletion, biodiversity loss, and global warming--will determine the success or eventual failure of the grand transitionsthat have made the world we live in today.
The End of Cheap China: Economic and Cultural Trends That Will Disrupt the World
Shaun Rein - 2012
A thorough exploration of the changes taking place in the Chinese economy, the book explains how much of the Western consumerist culture is built on the back of cheap Chinese factory labor, and warns that the era is coming to a close. Readers will learn why the cheap labor pool is beginning to dry up, what that means for the rest of the world, and how businesses will have to adapt to stay afloat. This updated second edition includes new statistics, the latest news on the Chinese economy, and additional case studies that illustrate the ways in which China has developed--into a brand-new potential market.China's social, political, and economic evolution will affect the entire world. Rising incomes are building pressure on the global commodities market, inflation is only just beginning, and consumers are experiencing sticker shock as cheap labor is becoming harder to find. The End of Cheap China explains the factors driving these changes, the impact that can be expected, and the opportunities that constitute a major silver lining for businesses panicking about the coming paradigm shift. Readers will:Discover the eight mega-trends changing China, and how far the ripples will spread Learn how rising costs in China will dramatically affect the American way of life Examine the rise of Chinese consumption, and the friction it engenders Consider the changes businesses must make to remain profitable in a changing world The global marketplace is evolving, and it's up to businesses to keep pace with the changes. The End of Cheap China provides a roadmap for navigating these changes, helping businesses lead the charge toward a more affluent global economy.
Killing America: A 100 Year Murder: Forty Historical Wounds That Bill O'Reilly Didn't Write About
M.S. King - 2015
You may not be able to put your finger on it, but you sense it instinctively.How can you not sense it? For the first time ever, both the majority of the younger and the older generations of America now believe that future generations will not be as prosperous as their parents’ generation was. And that’s only the economic pessimism. On the social and cultural fronts, how many of us can truly say that we are proud are what our society has degenerated to?Make no mistake; the America we once knew has indeed been murdered. How did we arrive at this point of perpetual debt, perpetual inflation, massive taxation, chronically high unemployment, disintegrating families, massive dependency on the state, perpetual war, and ever-worsening moral degeneracy, mass psychological depression, and cultural degradation?Who did it? Why did they do it? How did they do it? How was the ‘murder’ concealed from the American people?Through the use of 40 clear, concise and very easy-to-digest illustrated ‘blurbs’ (The 40 Wounds), Killing America: The 100 Year Murder will answer those questions for you. This is a mass-distribution booklet designed for ‘crash-course’ simplicity. Please share it with others.
SAS Operation Storm: Nine men against four hundred
Roger Cole - 2011
The tipping point, Mirbat, South Oman, 19 July 1972 is one of the least-known yet most crucial battles of modern times. If the SAS had been defeated at Mirbat, the Russian and Chinese plan for a communist foothold in the Middle East would have succeeded, with catastrophic consequences for the oil-hungry West. OPERATION STORM is a page-turning account of courage and resilience. Mirbat was a battle fought and won by nine SAS soldiers and a similar number of brave local people - some as young as ten years old - outnumbered by at least twenty-five to one. Roger Cole, one of the SAS soldiers who took part, and writer Richard Belfield have interviewed every SAS survivor who fought in the battle from the beginning to the end - the first time every single one of them has revealed their experience. OPERATION STORM is a classic story of bravery against impossible odds, minute by minute, bullet by bullet.
America's Great Depression
Murray N. Rothbard - 1963
Murray N. Rothbard's America's Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history.The Mises Institute edition features a new introduction by historian Paul Johnson.Since it first appeared in 1963, it has been the definitive treatment of the causes of the depression. The book remains canonical today because the debate is still very alive.Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Fed's policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust.The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. Had the book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.
Thunder from the East: Portrait of a Rising Asia
Nicholas D. Kristof - 2000
Yet Nicholas Kristof and Sheryl WuDunn argue that it was the best thing that could have happened to Asia. It destroyed the cronyism, protectionism, and government regulation that had been crippling Asian business for decades, and it left in its wake a vast region of resilient and determined millions poised to wrest economic, diplomatic and military power from the West. Thunder from the East is a riveting look at a complex region, a fascinating panoply of compelling characters, and a prophetic analysis from arguably the West's most informed and intelligent writers on Asia.
The Beria Papers
Alan Williams - 1973
He was Stalin’s closest henchman. At one time he had a million armed men under his direct personal command. He was a sadist and a mass murderer. And he was also a vicious rapist with a compulsive appetite for young girls. This is possible: Beria may have kept a private diary in which he lovingly recorded his sexual activities, his murders, various scandals involving men now highly placed in the Soviet hierarchy — and the true facts of Stalin’s death. This is certain: The publication of Beria’s diary would cause the greatest political scandal the world has ever known — and set off a deadly manhunt for those responsible for its release … The private diaries of Beria — Stalin’s notorious chief of secret police — are a lurid, shattering indictment of Russian political methods and contain a new account of what really happened at Stalin’s death. They confirm Beria as one of the greatest human monsters of our time, both in his personal life and in his political manipulations of top Soviet politicians, some of whom are in power today. The Beria Papers are sold to an American publisher for three million dollars. On publication they are an immediate, sensational bestseller. They cause panic in Moscow and outrage everywhere — even in the upper echelons of the U.S. government, where there is fear that such revelations will create a dangerous precedent in smear campaigns against world leaders. So the world’s two most powerful secret services — the Soviet KGB and the American CIA — are ordered to track down the book’s origin. Their investigations range from New York to Washington, to London, Moscow, Munich, Budapest, Vienna and finally to a small island in the Indian Ocean where the activities of the two secret agencies come horrifically together. But can The Beria Papers possibly be a hoax? Praise for The Beria Papers: ‘Intriguing and gripping … compulsively exciting’ -
Sunday Express
‘Both exciting and really convincing … fascinating. Part adventure, part thriller, part a documentary of might-have-been history, The Beria Papers is the best thing of its kind for a long time.’ -
Sunday Times
‘The most interesting and original thriller since The Odessa File … a sharp and intelligent thriller that cries out for filming.’ -
Daily Mail
‘Intriguing and gripping … not merely compulsively exciting entertainment, it is also so well researched and the background appears so absolutely authentic that the whole fantastic story could just be true.’ -
Sunday Express
Alan Emlyn Williams(born 1935) is an ex-foreign correspondent, novelist and writer of thrillers. He was educated at Stowe, Grenoble and Heidelberg Universities, and at King's College, Cambridge where he graduated in 1957 with a B.A. in modern languages. His father was the actor and writer Emlyn Williams.
Land of Promise: An Economic History of the United States
Michael Lind - 2012
Yet technology-driven change leads to growing misalignment between an innovative economy and anachronistic legal and political structures until the gap is closed by the modernization of America's institutions—often amid upheavals such as the Civil War and Reconstruction and the Great Depression and World War II.When the U.S. economy has flourished, government and business, labor and universities, have worked together in a never-ending project of economic nation building. As the United States struggles to emerge from the Great Recession, Michael Lind clearly demonstrates that Americans, since the earliest days of the republic, have reinvented the American economy - and have the power to do so again.