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“Titanic meets Tom Clancy technology” in this national-bestselling account of the SS Central America’s wreckage and discovery (People). September 1875. With nearly six hundred passengers returning from the California Gold Rush, the side-wheel steamer SS Central America encountered a violent storm and sank two hundred miles off the Carolina coast. More than four hundred lives and twenty-one tons of gold were lost. It was a tragedy lost in legend for more than a century—until a brilliant young engineer named Tommy Thompson set out to find the wreck. Driven by scientific curiosity and resentful of the term “treasure hunt,” Thompson searched the deep-ocean floor using historical accounts, cutting-edge sonar technology, and an underwater robot of his own design. Navigating greedy investors, impatient crewmembers, and a competing salvage team, Thompson finally located the wreck in 1989 and sailed into Norfolk with her recovered treasure: gold coins, bars, nuggets, and dust, plus steamer trunks filled with period clothes, newspapers, books, and journals. A great American adventure story, Ship of Gold in the Deep Blue Sea is also a fascinating account of the science, technology, and engineering that opened Earth’s final frontier, providing “white-knuckle reading, as exciting as anything . . . in The Perfect Storm” (Los Angeles Times Book Review). “A complex, bittersweet history of two centuries of American entrepreneurship, linked by the mad quest for gold.” —Entertainment Weekly “A ripping true tale of danger and discovery at sea.” —The Washington Post “What a yarn! . . . If you sign on for the cruise, go in knowing that you’re going to miss meals and a lot of sleep.” —Newsweek
Before the US Federal Reserve and the Bank of England, the Bank of Amsterdam ('Bank') was a dominant central bank with a global impact on money and credit. How a Ledger Became a Central Bank draws on extensive archival data and rich secondary literature, to offer a new and detailed portrait of this historically significant institution. It describes how the Bank struggled to manage its money before hitting a modern solution: fiat money in combination with a repurchase facility and discretionary open market operations. It describes techniques the Bank used to monitor and stabilize money stock, and how foreign sovereigns could exploit the liquidity of the Bank for state finance. Closing with a discussion of commonalities of the Bank of Amsterdam with later central banks, including the Federal Reserve, this book has generated a great deal of excitement among scholars of central banking and the role of money in the macroeconomy.