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"A narrative description of the transformation of our world economy told through Ambassador Mulford's life experience as a scholar, private investment banker, Under-Secretary of the U.S. Treasury, and Ambassador to India"--Provided by publisher.
Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
This book provides a short, readable introduction to historical archaeology, which focuses on modern history in all its fascinating regional, cultural, and ethnic diversity. Accessibly covering key methods and concepts, including fundamental theories and principles, the history of the field, and basic definitions, Historical Archaeology also includes a practical look at career prospects for interested readers. Orser discusses central topics of archaeological research such as time and space, survey and excavation methods, and analytical techniques, encouraging readers to consider the possible meanings of artifacts. Drawing on the author’s extensive experience as an historical archaeologist,...
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Reprint of the original, first published in 1882.