Description

Alexander Dana Noyes (1862-1945), long the financial editor of the New York Evening Post and later of the New York Times, wrote these chapters while the First World War was still being fought. He traces the panic of 1914 and the closing of the stock exchanges, the collapse and recovery of international credit, the movement of gold, the financing of the belligerents and the transformation of the United States from debtor to creditor nation. Written by a contemporary witness with an unusual command of the figures, it remains a standard first-hand account of wartime finance. Faithful facsimile reprint of the edition published in New York by Charles Scribner’s Sons, 1917.