When Washington Shut Down Wall Street or The New Business Road Test

When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy

Author: William Silber

When Washington Shut Down Wall Street unfolds like a mystery story. It traces Treasury Secretary William Gibbs McAdoo's triumph over a monetary crisis at the outbreak of World War I that threatened the United States with financial disaster. The biggest gold outflow in a generation imperiled America's ability to repay its debts abroad. Fear that the United States would abandon the gold standard sent the dollar plummeting on world markets. Without a central bank in the summer of 1914, the United States resembled a headless financial giant.

William McAdoo stepped in with courageous action, we read in Silber's gripping account. He shut the New York Stock Exchange for more than four months to prevent Europeans from selling their American securities and demanding gold in return. He smothered the country with emergency currency to prevent a replay of the bank runs that swept America in 1907. And he launched the United States as a world monetary power by honoring America's commitment to the gold standard. His actions provide a blueprint for crisis control that merits attention today. McAdoo's recipe emphasizes an exit strategy that allows policymakers to throttle a crisis while minimizing collateral damage.

When Washington Shut Down Wall Street recreates the drama of America's battle for financial credibility. McAdoo's accomplishments place him alongside Paul Volcker and Alan Greenspan as great American financial leaders. McAdoo, in fact, nursed the Federal Reserve into existence as the 1914 crisis waned and served as the first chairman of the Federal Reserve Board.

Look this: Breaking the Barriers to Higher Economic Growth or The Portable Ethicist for Mental Health Professionals

The New Business Road Test: What Entrepreneurs and Executives Should Do before Writing a Business Plan

Author: John W Mullins

Whether you're an entrepreneur starting your own business or an executive developing a new product or service for your company, before you even think about writing a business plan, make sure you've checked out the fundamentals. Give your new business a fighting chance.

Table of Contents:

	Why read this book?
	Acknowledgments
1	My opportunity: why will or won't this work?	1
2	Will the fish bite?	25
3	Is this a good market?	49
4	Is this a good industry?	73
5	How long will your advantage last?	97
6	What drives your entrepreneurial dream?	121
7	Can you and your team execute?	139
8	Your connections matter: which matter most?	163
9	Putting the seven domains to work	179
10	What to do before you write your business plan	197
App. 1	Research methodology	215
App. 2	Market analysis worksheet	217
App. 3	Industry analysis checklist	220
App. 4	Do-it-yourself marketing research for your new business road test	228
App. 5	Evidence-based forecasting	240
	Notes	251
	Index	263