When Money Dies is the classic history of what happens when a nations currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt....

In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk.

Today, your favorite products are missing from store shelves, caught in supply chain limbo somewhere in the Pacific Ocean. But what does this supply chain disruption look like six months, or even three years, from now? While we hope that post-pandemic recovery will absolve these issues, the reality is that digital currency, meme stonks, and social media can’t solve the age-old problem of producing and moving physical goods across oceans and continents. Jim Rickards argues that consumer frustration is only the tip of a large, menacing iceberg that threatens global economic collapse.

The appearance of a hastily constructed barbed wire entanglement through the heart of Berlin during the night of 12-13 August 1961 was both dramatic and unexpected. Within days, it had started to metamorphose into a structure that would come to symbolise the brutal insanity of the Cold War: the Berlin Wall. A city of almost four million was cut ruthlessly in two, unleashing a potentially catastrophic East-West crisis and plunging the entire world for the first time into the fear of imminent missile-borne apocalypse.

Devil Take the Hindmost is a lively, original, and challenging history of stock market speculation from the 17th century to the present day. Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world.

In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explaining it as a feat of engineering and technology just as he did for bitcoin in his global best seller The Bitcoin Standard. This time, Ammous delves into the world's earlier shift from the gold standard to today's system of government-backed fiat money—outlining the fiat standard's purposes and failures; deriving the wider economic, political, and social implications of its use; and examining how bitcoin will affect it over time.

Roger Lowenstein, the bestselling author of Buffett, captures Long-Term's roller-coaster ride in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-nineties culture of Wall Street that made it all possible.

In 1848, a violent storm of revolutions ripped through Europe. The torrent all but swept away the conservative order that had kept peace on the continent since Napoleon's defeat at Waterloo in 1815 - but which in many countries had also suppressed dreams of national freedom. Political events so dramatic had not been seen in Europe since the French Revolution, and they would not be witnessed again until 1989, with the revolutions in Eastern and Central Europe.

We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance - and they are profoundly deflationary. Our economic systems were built for a pre-technology era when labor and capital were inextricably linked - an era that counted on growth and inflation and an era where we made money from inefficiency.

Before 1871, Germany was not yet a nation but simply an idea. Its founder, Otto von Bismarck, had a formidable task at hand. How would he bring 39 individual states under the yoke of a single Kaiser? How would he convince proud Prussians, Bavarians, and Rhinelanders to become Germans? Once united, could the young European nation wield enough power to rival the empires of Britain and France - all without destroying itself in the process?

German military history is typically viewed as an inexorable march to the rise of Prussia and the two world wars, the road paved by militarism and the result a specifically German way of war. Peter Wilson challenges this narrative. Looking beyond Prussia to German-speaking Europe across the last five centuries, Wilson finds little unique or preordained in German militarism or warfighting. Iron and Blood takes as its starting point the consolidation of the Holy Roman Empire, which created new mechanisms for raising troops but also for resolving disputes diplomatically.

An extraordinary mythology has grown up around the Third Reich that hovers over political and moral debate even today. Adam Tooze's controversial book challenges the conventional economic interpretations of that period.

In what is sure to become the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the colonial period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history. Never has the story of money and banking been told with such rhetorical power and theoretical vigor. You will treasure this volume.

Bitcoin is the alternative to our current financial system, which benefits few at the cost of many. To understand why Bitcoin is the answer, you need to know how this revolutionary technology works. This book explains it at a technical level in precise yet simple language. Buy this book, and be on the right side of history.

The bestselling author of CRISIS ECONOMICS argues that we are heading toward the worst economic catastrophe of our lifetimes, unless we can defend against ten terrifying threats.

When Money Dies is the classic history of what happens when a nations currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt....

A History of Modern Britain confronts head-on the victory of shopping over politics. It tells the story of how the great political visions of New Jerusalem or a second Elizabethan Age, rival idealisms, came to be defeated by a culture of consumerism, celebrity and self-gratification. In each decade political leaders think they know what they are doing but find themselves confounded. Every time the British people turn out to be stroppier and harder to herd than predicted.

It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of the economic meltdown, the effects of which set the stage for World War II and reverberated for decades.

The meeting of world leaders at Bretton Woods in 1944 was the only time countries from around the world agreed to overhaul the structure of the international monetary system. The system they set up presided over the longest, strongest, and most stable period of growth the world economy has ever seen.

The Pity of War makes a simple and provocative argument: the human atrocity known as the Great War was entirely England's fault. According to Niall Ferguson, England entered into war based on naive assumptions of German aims, thereby transforming a Continental conflict into a world war, which it then badly mishandled, necessitating American involvement. The war was not inevitable, Ferguson argues, but rather was the result of the mistaken decisions of individuals who would later claim to have been in the grip of huge impersonal forces.

In 1946, Victor Sebestyen creates a taut, panoramic narrative and takes us to meetings that changed the world: to Berlin in July 1945, when Truman tells Stalin that we have successfully tested the bomb; to Ye'nan, China, in January 1946, when General George Marshall tells the Chinese Communist leader Mao Zedong that Americans won't send troops to China, assuring that the Communists will attain power.

In a sweeping narrative, the author of the mega-bestseller A Beautiful Mind takes us on a journey through modern history with the men and women who changed the lives of every single person on the planet. It’s the epic story of the making of modern economics, and of how it rescued mankind from squalor and deprivation by placing its material fate in its own hands rather than in Fate. Nasar’s account begins with Charles Dickens and Henry Mayhew observing and publishing the condition of the poor majority in mid nineteenth-century London, the richest and most glittering place in the world.

Martin Meredith has revised this classic history to incorporate important recent developments, including the Darfur crisis in Sudan, Robert Mugabe’s continued destructive rule in Zimbabwe, controversies over Western aid and exploitation of Africa’s resources, the growing importance and influence of China, and the democratic movement roiling the North African countries of Tunisia, Egypt, and Jordan.

Combining historical and geopolitical analysis with an absorbing narrative, Kotkin draws upon extensive research, including memoirs by dozens of insiders and senior figures, to illuminate the factors that led to the demise of Communism and the USSR. The new edition puts the collapse in the context of the global economic and political changes from the 1970s to the present day. Kotkin creates a compelling profile of post-Soviet Russia.

The definitive account of Germany's malign transformation under Hitler's total rule and the implacable march to war. This magnificent second volume of Richard J. Evans's three-volume history of Nazi Germany was hailed by Benjamin Schwartz of The Atlantic Monthly as "the definitive English-language account... gripping and precise." It chronicles the incredible story of Germany's radical reshaping under Nazi rule.

Experts believe that Brazil, the world's fifth largest country and its seventh largest economy, will be one of the most important global powers by the year 2030. Yet far more attention has been paid to the other rising behemoths: Russia, India, and China. Often ignored and underappreciated, Brazil, according to renowned, award-winning journalist Michael Reid, has finally begun to live up to its potential but faces important challenges before it becomes a nation of substantial global significance.

Volume One of Stalin begins and ends in January 1928 as Stalin boards a train bound for Siberia, about to embark upon the greatest gamble of his political life. He is now the ruler of the largest country in the world, but a poor and backward one, far behind the great capitalist countries in industrial and military power, encircled on all sides. In Siberia, Stalin conceives of the largest program of social reengineering ever attempted.

The first book to appear in the illustrious Oxford History of the United States, this critically-acclaimed volume - a finalist for the Pulitzer Prize - offers an unsurpassed history of the Revolutionary War and the birth of the American republic.

The most terrible emergency in Britain's history, the Second World War, required an unprecedented national effort. An exhausted country had to fight an unexpectedly long war and found itself much diminished amongst the victors. The outcome of the war was nonetheless a triumph, not least for a political system that proved well adapted to the demands of a total conflict and for a population who had to make many sacrifices but who were spared most of the horrors experienced in the rest of Europe.

Before 1871, Germany was not yet a nation but simply an idea. Its founder, Otto von Bismarck, had a formidable task at hand. How would he bring 39 individual states under the yoke of a single Kaiser? How would he convince proud Prussians, Bavarians, and Rhinelanders to become Germans? Once united, could the young European nation wield enough power to rival the empires of Britain and France - all without destroying itself in the process?

When Money Dies is the classic history of what happens when a nations currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt....

Established in 1918–19, in the wake of Germany’s catastrophic defeat in the First World War and the revolution that followed swiftly on its heels, the Weimar Republic ushered in widespread social reform, a radical cultural flowering and the most democratic conditions the German people had ever known. The Weimar Years is a vivid narrative of a dramatic period in German history. Year by year, from 1918 to 1933, Frank McDonough covers the major events in both domestic and foreign policy and the personalities who shaped them, together with developments in music, art, theatre and literature.

The great Austrian writer Stefan Zweig confided in his autobiography: “I have a pretty thorough knowledge of history, but never, to my recollection, has it produced such madness in such gigantic proportions.” He was referring to Germany in 1923, a “year of lunacy,” defined by hyperinflation, violence, a political system on the verge of collapse, the rise of Adolf Hitler and the Nazi Party, and separatist movements threatening to rip apart the German nation. Bestselling author Volker Ullrich presents a riveting chronicle of one of the most difficult years any modern democracy has ever faced.

Weimar Germany brings to life an era of unmatched creativity in the 20th century - one whose influence and inspiration still resonate today. Eric Weitz has written the authoritative history that this fascinating and complex period deserves, and he illuminates the uniquely progressive achievements and even greater promise of the Weimar Republic. Weimar Germany also shows that beneath its glossy veneer lay political turmoil that ultimately led to the demise of the republic and the rise of the radical right.

In 1923, the Weimar Republic faced a series of crises, including foreign occupation of its industrial heartland, rampant inflation, radical violence, and finally Hitler’s infamous “beer hall putsch.” Fanning the flames of anti-government and anti-Semitic sentiment, the Nazis tried to violently seize power in Munich, only failing after they were abandoned by like-minded conservatives. In 1923, historian Mark William Jones draws on new research to offer a revealing portrait of German politics and society in this turbulent year.