Author: Kenneth D. Garbade
Publisher: MIT Press
ISBN: 0262297795
Category : Business & Economics
Languages : en
Pages : 407
Book Description
The evolution of “a marvel of modern finance,” the market for U.S. Treasury securities, from 1917 to 1939. The market for U.S. Treasury securities is a marvel of modern finance. In 2009 the Treasury auctioned $8.2 trillion of new securities, ranging from 4-day bills to 30-year bonds, in 283 offerings on 171 different days. By contrast, in the decade before World War I, there was only about $1 billion of interest-bearing Treasury debt outstanding, spread out over just six issues. New offerings were rare, and the debt was narrowly held, most of it owned by national banks. In Birth of a Market, Kenneth Garbade traces the development of the Treasury market from a financial backwater in the years before World War I to a multibillion dollar market on the eve of World War II. Garbade focuses on Treasury debt management policies, describing the origins of several pillars of modern Treasury practice, including “regular and predictable” auction offerings and the integration of debt and cash management. He recounts the actions of Secretaries of the Treasury, from William McAdoo in the Wilson administration to Henry Morgenthau in the Roosevelt administration, and their responses to economic conditions. Garbade's account covers the Treasury market in the two decades before World War I, how the Treasury financed the Great War, how it managed the postwar refinancing and paydowns, and how it financed the chronic deficits of the Great Depression. He concludes with an examination of aspects of modern Treasury debt management that grew out of developments from 1917 to 1939.
Birth of a Market
Author: Kenneth D. Garbade
Publisher: MIT Press
ISBN: 0262297795
Category : Business & Economics
Languages : en
Pages : 407
Book Description
The evolution of “a marvel of modern finance,” the market for U.S. Treasury securities, from 1917 to 1939. The market for U.S. Treasury securities is a marvel of modern finance. In 2009 the Treasury auctioned $8.2 trillion of new securities, ranging from 4-day bills to 30-year bonds, in 283 offerings on 171 different days. By contrast, in the decade before World War I, there was only about $1 billion of interest-bearing Treasury debt outstanding, spread out over just six issues. New offerings were rare, and the debt was narrowly held, most of it owned by national banks. In Birth of a Market, Kenneth Garbade traces the development of the Treasury market from a financial backwater in the years before World War I to a multibillion dollar market on the eve of World War II. Garbade focuses on Treasury debt management policies, describing the origins of several pillars of modern Treasury practice, including “regular and predictable” auction offerings and the integration of debt and cash management. He recounts the actions of Secretaries of the Treasury, from William McAdoo in the Wilson administration to Henry Morgenthau in the Roosevelt administration, and their responses to economic conditions. Garbade's account covers the Treasury market in the two decades before World War I, how the Treasury financed the Great War, how it managed the postwar refinancing and paydowns, and how it financed the chronic deficits of the Great Depression. He concludes with an examination of aspects of modern Treasury debt management that grew out of developments from 1917 to 1939.
Publisher: MIT Press
ISBN: 0262297795
Category : Business & Economics
Languages : en
Pages : 407
Book Description
The evolution of “a marvel of modern finance,” the market for U.S. Treasury securities, from 1917 to 1939. The market for U.S. Treasury securities is a marvel of modern finance. In 2009 the Treasury auctioned $8.2 trillion of new securities, ranging from 4-day bills to 30-year bonds, in 283 offerings on 171 different days. By contrast, in the decade before World War I, there was only about $1 billion of interest-bearing Treasury debt outstanding, spread out over just six issues. New offerings were rare, and the debt was narrowly held, most of it owned by national banks. In Birth of a Market, Kenneth Garbade traces the development of the Treasury market from a financial backwater in the years before World War I to a multibillion dollar market on the eve of World War II. Garbade focuses on Treasury debt management policies, describing the origins of several pillars of modern Treasury practice, including “regular and predictable” auction offerings and the integration of debt and cash management. He recounts the actions of Secretaries of the Treasury, from William McAdoo in the Wilson administration to Henry Morgenthau in the Roosevelt administration, and their responses to economic conditions. Garbade's account covers the Treasury market in the two decades before World War I, how the Treasury financed the Great War, how it managed the postwar refinancing and paydowns, and how it financed the chronic deficits of the Great Depression. He concludes with an examination of aspects of modern Treasury debt management that grew out of developments from 1917 to 1939.
Historical Treasury of the Great and Most Important Religious Events which Have Transpired from the Birth of Our Savior to the Present Time, with a Short Biographical Sketch of Over Five Hundred Individuals Distinguished in Religious History..
Great Treasury of Western Thought
Author: Mortimer Jerome Adler
Publisher: Libraries Unlimited
ISBN:
Category : History
Languages : en
Pages : 1814
Book Description
On t.p.: A compendium of important statements on man and his institutions by the great thinkers in western history.
Publisher: Libraries Unlimited
ISBN:
Category : History
Languages : en
Pages : 1814
Book Description
On t.p.: A compendium of important statements on man and his institutions by the great thinkers in western history.
The Treasury of History
Author: Samuel Maunder
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 790
Book Description
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 790
Book Description
HISTORICAL TREAS OF THE GRT &
Author: John Warner 1798-1885 Barber
Publisher: Wentworth Press
ISBN: 9781363246472
Category : History
Languages : en
Pages : 468
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Publisher: Wentworth Press
ISBN: 9781363246472
Category : History
Languages : en
Pages : 468
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
History of the Great Civil War, 1642-1649: 1644-1647
Author: Samuel Rawson Gardiner
Publisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 668
Book Description
Publisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 668
Book Description
A Treasury of Great American Scandals
Author: Michael Farquhar
Publisher: National Geographic Books
ISBN: 0142001929
Category : History
Languages : en
Pages : 0
Book Description
Following on the heels of his national bestseller A Treasury of Royal Scandals, Michael Farquhar turns his attention to matters a little closer to home with A Treasury of Great American Scandals. From the unhappy family relationships of prominent Americans to the feuds, smear campaigns, duels, and infamous sex scandals that have punctuated our history, we see our founding fathers and other American heroes in the course of their all-too-human events. Ineffectual presidents, lazy generals, traitors; treacherous fathers, nagging mothers, ungrateful children, embarrassing siblings; and stories about insanity, death, and disturbing postmortems are all here, as are disagreeable marriages, vile habits, and, of course, sex: good sex, bad sex, and good-bad sex too. We can take comfort in the fact that we are no worse and no better than our forebears. But we do have better media coverage. Bonus educational material: A brief history of the United States, including scandals! The American Hall of Shame! A complete listing of presidential administrations!
Publisher: National Geographic Books
ISBN: 0142001929
Category : History
Languages : en
Pages : 0
Book Description
Following on the heels of his national bestseller A Treasury of Royal Scandals, Michael Farquhar turns his attention to matters a little closer to home with A Treasury of Great American Scandals. From the unhappy family relationships of prominent Americans to the feuds, smear campaigns, duels, and infamous sex scandals that have punctuated our history, we see our founding fathers and other American heroes in the course of their all-too-human events. Ineffectual presidents, lazy generals, traitors; treacherous fathers, nagging mothers, ungrateful children, embarrassing siblings; and stories about insanity, death, and disturbing postmortems are all here, as are disagreeable marriages, vile habits, and, of course, sex: good sex, bad sex, and good-bad sex too. We can take comfort in the fact that we are no worse and no better than our forebears. But we do have better media coverage. Bonus educational material: A brief history of the United States, including scandals! The American Hall of Shame! A complete listing of presidential administrations!
History of the Great Civil War, 1642-1649
Author: Samuel Rawson Gardiner
Publisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 462
Book Description
Publisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 462
Book Description
Historical Treasury of the Great and Most Important Religious Events which Has Transpired from the Birth of Our Savior to the Present Time
Author: John Warner Barber
Publisher:
ISBN:
Category : Church history
Languages : en
Pages : 412
Book Description
Publisher:
ISBN:
Category : Church history
Languages : en
Pages : 412
Book Description