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The Power of Money Armand Dormael

The Power of Money By Armand Dormael

The Power of Money by Armand Dormael


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Summary

Explores who controls money, what governs how it is handled, and its role in the modern economic system. Begins with the first major of victory of credit over cash in the 16th century, then narrates such landmarks as John Morgan establishing the primacy of finance over industry, the failure of the

The Power of Money Summary

The Power of Money by Armand Dormael

The global marketplace is thriving; trillions of dollars trade hands each business day. And yet the way money works is shrouded in mystery for the majority of us. Who controls money? What governs the way money is handled?
In the 1950s, the nature of international banking changed through the creation of the Euromarket. The Power of Money tells the story of this development from the Bretton Woods system to the floating rates of the Euromarket.
In his explanation of the rise of the Eurodollar, Armand Van Dormael carefully considers the events of history during the twentieth century. The Treaty of Versailles, the Stock Market crash of 1929, America's growing role in European affairs, and the establishment of the European Monetary System are just a few of the issues addressed in this book. These events are presented from an economic perspective.
Van Dormael analyzes the current economic situation of the Eurodollar and its effect on the rest of the world, and discusses the history of the Euromarket in light of today's economic environment.

About Armand Dormael

Armand Van Dormael is the author of Bretton Woods: Birth of a Monetary System and has spent 25 years with Sears, Roebuck in the field of international trade.

Additional information

NPB9780814787915
9780814787915
0814787916
The Power of Money by Armand Dormael
New
Hardback
New York University Press
1997-02-01
176
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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