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The Greatest Transfer of Wealth in History: Unpacking the Seismic Shifts of Power and Prosperity
Introduction:
Have you ever wondered about the monumental shifts in global wealth, the moments where power and prosperity dramatically realigned? We're not talking about small market fluctuations; we're talking about seismic events that reshaped civilizations and continue to influence our world today. This blog post delves into the debate surrounding the "greatest" transfer of wealth in history, examining several contenders and evaluating the criteria used to define such a momentous occasion. We'll explore the economic, social, and political ramifications of these transfers, providing a comprehensive overview of historical events that dramatically altered the global distribution of resources. Prepare to be amazed by the scale and impact of these transformative periods.
The Contenders for the Title: Defining "Greatest"
Before we dive into specific historical events, it's crucial to establish what constitutes the "greatest" transfer of wealth. Are we measuring by sheer monetary value (adjusting for inflation, of course)? Are we considering the societal impact – the upheaval, the creation of new social structures, or the lasting consequences? Or is it a combination of these factors?
Defining "greatest" inherently involves subjectivity. However, several key events stand out as significant candidates, each leaving an indelible mark on human history:
1. The Columbian Exchange (1492-1800): A Transatlantic Transformation
The arrival of Europeans in the Americas initiated a massive exchange of plants, animals, diseases, and people. While initially viewed as a European triumph, the Columbian Exchange involved a complex interplay of power dynamics. The extraction of resources like gold and silver from the Americas fueled European economies, causing a massive transfer of wealth across the Atlantic. The devastating impact of diseases on indigenous populations is a grim counterpoint to this narrative, highlighting the brutal realities of colonization and its lasting consequences. This event profoundly shaped global demographics, economies, and power structures for centuries to come.
2. The British Industrial Revolution (1760-1840): The Rise of Capitalism
The Industrial Revolution marked a paradigm shift in wealth creation. Technological innovations led to unprecedented economic growth in Britain, enriching industrialists and capitalists while simultaneously creating a vast working class often subjected to harsh conditions. This period witnessed a significant concentration of wealth in the hands of a relatively small elite, fundamentally altering social structures and creating the foundation for modern capitalism. The global impact of this revolution was felt as Britain's economic dominance reshaped international trade and politics.
3. The Post-World War II Economic Boom (1945-1970): Reconstruction and Global Growth
The devastation of World War II led to a massive redistribution of wealth, both within and between nations. The Marshall Plan, aimed at rebuilding Europe, channeled significant resources to war-torn countries. Simultaneously, the decolonization process in Asia and Africa led to a shift in global power dynamics, although the economic benefits were often unevenly distributed. The post-war boom witnessed rapid economic growth in many parts of the world, yet inequalities persisted, leaving many regions and populations behind.
4. The Rise of China (1978-Present): From Agricultural to Global Powerhouse
China's economic reforms, starting in 1978, have arguably resulted in the most rapid and significant wealth creation in human history. Millions have been lifted out of poverty, but this dramatic expansion has also created significant challenges, including growing inequality, environmental degradation, and geopolitical tensions. The scale of China's economic transformation and its impact on the global balance of power make it a compelling candidate for the greatest transfer of wealth.
5. The Digital Revolution (1990s-Present): The Age of Information
The advent of the internet and digital technologies has led to an unprecedented concentration of wealth in the hands of a relatively small number of technology companies and their founders. The digital revolution has created new opportunities for wealth creation, but it has also exacerbated existing inequalities, highlighting the complex and often unpredictable nature of technological advancement and its economic consequences.
Conclusion: A Complex and Ongoing Story
Defining the "greatest" transfer of wealth is a challenging task. Each of the events discussed above has profoundly impacted the global distribution of resources, resulting in both immense progress and significant inequalities. The ongoing debate highlights the importance of analyzing these historical events with nuance, acknowledging both their positive and negative consequences. Ultimately, understanding these historical shifts is crucial for comprehending the complexities of our current global economic landscape and shaping a more equitable future.
Book Outline: The Greatest Wealth Transfers in History
Title: The Greatest Wealth Transfers in History: Power, Prosperity, and the Shaping of Civilization
I. Introduction: Defining "greatest" wealth transfer and establishing the criteria for evaluation.
II. The Columbian Exchange: Analysis of economic, social, and environmental consequences.
III. The British Industrial Revolution: Examining the rise of capitalism and its impact on global power.
IV. The Post-World War II Boom: Reconstruction, decolonization, and the emergence of new economic powers.
V. The Rise of China: A detailed account of China's economic transformation and its global impact.
VI. The Digital Revolution: Exploring the concentration of wealth in the tech industry and its societal implications.
VII. Conclusion: Synthesizing the findings and highlighting the ongoing nature of wealth redistribution.
(The detailed content for each chapter of the book outline would mirror the detailed content already provided in the blog post above, expanding upon each section with more detailed historical data, analysis, and supporting evidence.)
FAQs:
1. What is the single most important factor in determining the "greatest" wealth transfer? There's no single answer; it depends on the criteria you prioritize (monetary value, social impact, longevity of effects, etc.).
2. Did the Columbian Exchange benefit all parties involved equally? No, it heavily favored European powers at the expense of indigenous populations.
3. How did the Industrial Revolution contribute to global inequality? It concentrated wealth in the hands of industrialists while creating a large, often impoverished working class.
4. What are some of the unintended consequences of China's economic rise? Environmental damage, increased geopolitical tensions, and growing domestic inequality.
5. How has the digital revolution impacted wealth distribution? It's led to a concentration of wealth in the hands of a few tech giants and their founders.
6. Can we predict future major wealth transfers? While impossible to predict precisely, technological advancements, geopolitical shifts, and climate change are likely to cause significant future redistribution.
7. What role did colonialism play in historical wealth transfers? Colonialism was a major driver of wealth extraction from colonized territories to colonial powers.
8. How do we measure the impact of wealth transfers on societies? By analyzing changes in economic inequality, social mobility, and overall standards of living.
9. What ethical considerations should guide our understanding of wealth transfers? We should consider issues of justice, fairness, and the long-term sustainability of economic systems.
Related Articles:
1. The Marshall Plan and European Reconstruction: Examines the post-WWII economic aid program and its impact.
2. The History of Capitalism: From Mercantilism to Globalization: Traces the evolution of capitalist systems.
3. The Decolonization of Africa: Economic and Political Consequences: Analyzes the impact of independence movements.
4. The Rise of Global Corporations and Their Impact on Wealth Distribution: Explores the role of multinational corporations.
5. The Economics of the Digital Age: Examines the unique economic challenges and opportunities of the internet era.
6. Measuring Global Inequality: Trends and Challenges: Discusses methods for quantifying and understanding global inequality.
7. Climate Change and Economic Inequality: A Vicious Cycle: Explores the interconnectedness of environmental and economic issues.
8. The Impact of Technological Innovation on Wealth Creation: Focuses on the relationship between technology and economic growth.
9. Ethical Investing and Socially Responsible Wealth Management: Explores the role of ethical considerations in investment decisions.
| greatest transfer of wealth in history: Building Wealth with Silver Thomas Herold, 2011-03 We are all using dangerous, outdated, old economic strategies to protect and grow our money in the so-called 'new economy.' Most of us don't even know it. Every economy is, in some sense, 'new.' However, applying the rules from an 'older' economy to a 'newer' one during times of transition is a recipe for financial ruin.Economic transitions have been around for centuries . . . the difference is that now they are worldwide in scope and affect everything rather than local in nature with limited affects.While you sleep at night, while you go to work each day, something insidious is actually stealing your financial future. It isn't anyone's fault really. There is a massive reallocation of wealth as we transition into the new economy.There are two sides to this story. Because of the changing rules of money, the greatest transfer of wealth in the nation and the world is now unfolding. Money is about to flow away from the financially uninformed and flow towards the financially well-informed in the years ahead.This is nothing new, really. Money has always worked this way. The good news is that average members of the public now have more ways than ever before to understand this process and to take appropriate action.I am sure you are aware of the rising price of gold that's been going on for almost 10 years now. Most recently, gold started climbing with even greater speed. History repeats itself again and again. Whenever governments start to dilute their money investors transfer their money into gold. Gold has intrinsic value and will always prevail in any economy.What most non-investors and investors -- including yourself -- probably you don't realize is that although gold is a great way to preserve your wealth, it's silver that could actually make you rich!The price of gold has already risen dramatically, but silver is just beginning its climb.Nine Reasons Why Silver is a Unique Wealth Building Instrument - Silver, like gold, has intrinsic value- Silver has been in a commodity bull cycle since 2000- Silver is a safe hedge against currency inflation- Silver is a security choice during times of financial crisis- Silver is rarer than gold- Silver is used in 90% of all electronics -- and its mostly non-renewable- Silver inventories are very low- Silver leasing -- the scam will be exposed soon- Silver investment markets are expanding thanks to the ChineseWhat You Will Learn From Building Wealth with SilverYou will discover why the Federal Reserve was created and why you and I have been kept in the dark about its true purpose. You will find out why the U.S. dollar is quietly being destroyed without fanfare and the reason this process is being publically denied and covered up. You will see why unemployment numbers, along with many other economic figures, are rigged, and how we're are being lied to about their true significance.The insights you get from the first few chapters alone can change your life. Even if you were to study at Harvard for five years -- which would cost you, by the way, over $95,000 -- you would not have the knowledge you need to get any closer to this kind of insider information.Learn why silver is the best investment opportunity right now.Get the facts on silver production and consumption, and all the details behind silver's projected five- to eight-fold increase over the next several months. |
| greatest transfer of wealth in history: The Great Transfer of Wealth C. Peter Wagner, 2014-11-25 You Can Be a Part of God’s Great Release of Wealth!The Bible proclaims a coming day when God will release a great transfer of the world’s wealth into the hands of His people. Why would God divert the world’s wealth in such a manner? Wouldn’t such an enterprise be driven by greed or the evil spirit of mammon? Or might there be a higher purpose?Revered author C. Peter Wagner delves deeply into this amazing prophecy, showing how God will bring about a miraculous, worldwide financial transformation so that the Great Commission will be fulfilled and His kingdom will be established on earth. And these things will be witnessed by this generation! With great wisdom and clarity. Wagner describes… The proper uses of this wealth The mechanism of its distribution The goals it is intended to achieve How the newly financed church will use its “seven mountains of influence” to change the world God is poised to shake the world’s financial foundations to their core. All Bible-believing Christians need to take steps to be prepared, for they will be the ones God uses to receive this blessing, influence the world, and help to fulfill Jesus’s Great Commission. |
| greatest transfer of wealth in history: The Great Wealth Transfer O. Smalls, 2018-01-28 This book is designed to eradicate poverty consciousness through understanding The Great Wealth Transfer! The wealth of the world is laid up for the just! |
| greatest transfer of wealth in history: The Big Silver Short Chris Marcus, 2020-06-18 Why The Price of Silver Is Set To Explode!Many were stunned to see The Big Short and realize that there were a few savvy traders who saw the subprime crisis in advance, and used that knowledge to make a fortune in the financial markets. Shockingly, a similar situation is playing out in the silver market at this very moment, and The Big Silver Short provides the perfectly timed handguide to profit from one of the greatest investing opportunities in history! Featuring interviews with 15 of the world's top silver experts--including Ted Butler, Andrew Maguire, Bart Chilton, Rick Rule, and David Morgan--the book reveals: Why a dramatically higher silver price has become a matter of when rather than if How the Wall Street banks have effectively sold each ounce of silver to over 500 people Former CFTC Commissioner Bart Chilton's stunning revelations about J.P. Morgan and silver manipulation Why Ted Butler thinks J.P. Morgan has more than 800 million ounces of silver The real story about the Hunt brothers The truth about Warren Buffett's silver position and how he got forced out of it Why the Federal Reserve will never raise interest rates So if you're watching the Fed's hyperinflation campaign, and you want to be prepared and keep your money safe (or even profit at Wall Street's expense), get The Big Silver Short today! |
| greatest transfer of wealth in history: Andrew Carnegie Speaks to the 1% Andrew Carnegie, 2016-04-14 Before the 99% occupied Wall Street... Before the concept of social justice had impinged on the social conscience... Before the social safety net had even been conceived... By the turn of the 20th Century, the era of the robber barons, Andrew Carnegie (1835-1919) had already accumulated a staggeringly large fortune; he was one of the wealthiest people on the globe. He guaranteed his position as one of the wealthiest men ever when he sold his steel business to create the United States Steel Corporation. Following that sale, he spent his last 18 years, he gave away nearly 90% of his fortune to charities, foundations, and universities. His charitable efforts actually started far earlier. At the age of 33, he wrote a memo to himself, noting ...The amassing of wealth is one of the worse species of idolatry. No idol more debasing than the worship of money. In 1881, he gave a library to his hometown of Dunfermline, Scotland. In 1889, he spelled out his belief that the rich should use their wealth to help enrich society, in an article called The Gospel of Wealth this book. Carnegie writes that the best way of dealing with wealth inequality is for the wealthy to redistribute their surplus means in a responsible and thoughtful manner, arguing that surplus wealth produces the greatest net benefit to society when it is administered carefully by the wealthy. He also argues against extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of capital during one's lifetime toward the cause of reducing the stratification between the rich and poor. Though written more than a century ago, Carnegie's words still ring true today, urging a better, more equitable world through greater social consciousness. |
| greatest transfer of wealth in history: Preparing Heirs Roy Orville Williams, Vic Preisser, 2003 Preparing Heirs discloses the surprising findings from the authors' research into the legacies of 3,250 wealthy families. With extraordinary insight, they reveal what the relatively small number of successful families had in common-how they achieved and maintained family harmony, and ensured the smooth transition of their wealth to well-adjusted heirs. They also warn of the wide range of factors that cause the majority of wealthy families to fail in their transition. Preparing Heirs offers clear, concise, well-organized, and easy-to-follow instructions that will enable you to evaluate your plan for transitioning family wealth. Preparing Heirs is an assessment tool that can be used in conjunction with the services of qualified professionals such as attorneys and accountants. It addresses the major causes for the 70% failure rate in estate transitions, which lie within the family itself and are within the family's control. This book can help you develop a plan to transmit the family values underlying the accumulation of wealth and prepare your heirs to be good stewards and thoughtful administrators of that wealth. |
| greatest transfer of wealth in history: Invading Babylon Lance Wallnau, Bill Johnson, 2013-07-16 You were transformed to transform your world! For too long, Christianity has been defined by a false concept of church. As a result, believers have built walls around their lives, keeping culture at a distance. As Christians have tried to keep culture out of the church, unfortunately, the church has kept itself out of the culture. This was never Jesus’ design for the your life! Before church was established as a place that people “came to,” Jesus instituted it as an army that brought transformation to society, starting with salvation and continuing with seven spheres of influence: Church, family, education, government, media, arts, and commerce. Six revolutionary voices in the modern church deliver Invading Babylon. This essential guide will equip you to: Understand your vital role in shaping society. Release God’s will in your sphere of influence. Become an unstoppable citizen in God’s Kingdom. It’s your time to arise and be a light in a dark world. |
| greatest transfer of wealth in history: Top Incomes A. B. Atkinson, Thomas Piketty, 2010-04 This volume brings together an exciting range of new studies of top incomes in a wide range of countries from around the world. The studies use data from income tax records to cast light on the dramatic changes that have taken place at the top of the income distribution. The results cover 22 countries and have a long time span, going back to 1875. |
| greatest transfer of wealth in history: Splitting Heirs Ron Blue, 2008-01-01 Finish well. That is what we are called to do in Scripture, but where will our money and possessions finish? The Bible has the principles that provide answers to the challenge of parenting and passing along an in heritage. Within the next decade, over ONE TRILLION DOLLARS will change hands from one generation to the next. Individuals with adult children will need to transfer that wealth without ruining their heirs' lives. Ron Blue, an authority on personal and business finance, will help: ~Identify exactly how much money would be transferred were the reader to die today ~Identify the need for creating a will ~Identify tax-wise financial planning ~Teach the way to leave money without creating an unhealthy dependence |
| greatest transfer of wealth in history: The Richest Man Who Ever Lived Greg Steinmetz, 2015-08-04 “A colorful introduction to one of the most influential businessmen in history” (The New York Times Book Review), Jacob Fugger—the Renaissance banker “who wrote the playbook for everyone who keeps score with money” (Bryan Burrough, author of Days of Rage). In the days when Columbus sailed the ocean and Da Vinci painted the Mona Lisa, a German banker named Jacob Fugger became the richest man in history. Fugger lived in Germany at the turn of the sixteenth century, the grandson of a peasant. By the time he died, his fortune amounted to nearly two percent of European GDP. In an era when kings had unlimited power, Fugger dared to stare down heads of state and ask them to pay back their loans—with interest. It was this coolness and self-assurance, along with his inexhaustible ambition, that made him not only the richest man ever, but a force of history as well. Before Fugger came along it was illegal under church law to charge interest on loans, but he got the Pope to change that. He also helped trigger the Reformation and likely funded Magellan’s circumnavigation of the globe. His creation of a news service gave him an information edge over his rivals and customers and earned Fugger a footnote in the history of journalism. And he took Austria’s Habsburg family from being second-tier sovereigns to rulers of the first empire where the sun never set. “Enjoyable…readable and fast-paced” (The Wall Street Journal), The Richest Man Who Ever Lived is more than a tale about the most influential businessman of all time. It is a story about palace intrigue, knights in battle, family tragedy and triumph, and a violent clash between the one percent and everybody else. “The tale of Fugger’s aspiration, ruthlessness, and greed is riveting” (The Economist). |
| greatest transfer of wealth in history: Wealth Transfer Daniel Daves, Sr., 2016-05-20 To Be Announced . . . |
| greatest transfer of wealth in history: History's Greatest Heist Sean McMeekin, 2008-12-17 How Lenin’s regime turned Russia’s priceless cultural patrimony into armored cars, trains, planes, and machine guns Historians have never resolved a central mystery of the Russian Revolution: How did the Bolsheviks, despite facing a world of enemies and leaving nothing but economic ruin in their path, manage to stay in power through five long years of civil war? In this penetrating book, Sean McMeekin draws on previously undiscovered materials from the Soviet Ministry of Finance and other European and American archives to expose some of the darkest secrets of Russia’s early days of communism. Building on one archival revelation after another, the author reveals how the Bolsheviks financed their aggression through astonishingly extensive thievery. Their looting included everything from the cash savings of private citizens to gold, silver, diamonds, jewelry, icons, antiques, and artwork. By tracking illicit Soviet financial transactions across Europe, McMeekin shows how Lenin’s regime accomplished history’s greatest heist between 1917 and 1922 and turned centuries of accumulated wealth into the sinews of class war. McMeekin also names names, introducing for the first time the compliant bankers, lawyers, and middlemen who, for a price, helped the Bolsheviks launder their loot, impoverish Russia, and impose their brutal will on millions. |
| greatest transfer of wealth in history: The War on Small Business Carol Roth, 2021-06-29 For years, government bureaucrats have been looking for ways to destroy small businesses. With coronavirus, they finally had their chance. In 2020, the American economy suffered the biggest financial collapse in history. But while Main Street suffered like never before, the stock market continued to reach new highs. How could this be?The answer is that government had slapped oppressive restrictions on small businesses while propping up Wall Street and engineering a historic consolidation of power and wealth. This isn’t a new problem. During the last financial crisis, Washington bailed out large banks, saying they were “too big to fail.” When the federal government finally pushed out the CARES Act in 2020, it clearly favored the wealthy and well-connected, showing that small businesses were too small to matter. People across the political spectrum constantly complain about the tyranny of big business, and they’re not wrong. However, too many think government is the solution. In reality, government is the problem. In The War on Small Business, entrepreneur Carol Roth unveils the many abuses of power inflicted on small businesses during the COVID-19 pandemic. Small business owners were thrown in jail for trying to make a living. Individual rights were discarded. Big government did what it does best—intentionally protect the rich and powerful. This is the most underreported story coming out of the pandemic. The government chose winners and losers, who would thrive and who would fight to survive, based on not data or science, but based on clout and connections. This enabled the government, with the aid of the Federal Reserve, to oversee the largest wealth transfer in history from Main Street to Wall Street. The issues started long ago and continue today with a highly tilted playing field that favors those “in the club” to the detriment of the average Americans. This book is about the Davids vs. the Goliaths and the decentralization that can help the small, independent businesses and individuals participate in wealth creation. If Americans don’t wake up and stop it, politicians will continue to produce policies that intensify their war on small business and individuals and all that stands in the way of centralized power and control. |
| greatest transfer of wealth in history: We Are All the Same Age Now David Allison, 2018-08-09 Never before has mankind changed so much so fast-but we still rely on outdated demographic stereotypes to understand groups of people and target audiences. Now there's a better way to discover what matters to the people you are trying to motivate: a brand-new big-data tool that will change audience profiling for everything-forever. In We Are All the Same Age Now, David Allison, creator of Valuegraphics, explains how you can increase efficiency, create strategies that are eight times more effective, decrease internal politics around decisions, and be better equipped for disruption. He explains what Valuegraphics can do and offers the data samples and tools you need to get started using Valuegraphics immediately. He also shares how to make powerful values-based decisions throughout your organization and how to take your insights further. It's time to change the way you see the world-and motivate more people more often-by embracing the power of Valuegraphics. |
| greatest transfer of wealth in history: The Great Stagnation Tyler Cowen, 2011-01-25 Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole. |
| greatest transfer of wealth in history: Global Economic History: A Very Short Introduction Robert C. Allen, 2011-09-15 Why are some countries rich and others poor? In 1500, the income differences were small, but they have grown dramatically since Columbus reached America. Since then, the interplay between geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. The industrial revolution was Britain's path breaking response to the challenge of globalization. Western Europe and North America joined Britain to form a club of rich nations by pursuing four polices-creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, banks to stabilize the currency and mobilize domestic savings for investment, and mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. Before the Industrial Revolution, most of the world's manufacturing was done in Asia, but industries from Casablanca to Canton were destroyed by western competition in the nineteenth century, and Asia was transformed into 'underdeveloped countries' specializing in agriculture. The spread of economic development has been slow since modern technology was invented to fit the needs of rich countries and is ill adapted to the economic and geographical conditions of poor countries. A few countries - Japan, Soviet Russia, South Korea, Taiwan, and perhaps China - have, nonetheless, caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has achieved rapid growth through investment coordination. Whether other countries can emulate the success of East Asia is a challenge for the future. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable. |
| greatest transfer of wealth in history: Weekend Wealth Transfer Gwen Richardson, 2016-10-05 Every Sunday in black churches across America collection plates are passed and parishioners insert their tithes and offerings. The very next day, as those funds are deposited in church bank accounts, the transfer of millions of dollars occurs as those funds are placed in financial institutions that are not owned by African Americans. However, the weekend's wealth transfer does not end there. It continues throughout the remainder of the week as the majority of mortgage companies, landlords, insurance companies, and vendors most black churches utilize are also not African American-owned. This wealth transfer, estimated at billions of dollars per year, occurs largely unconsciously but its impact is enormous. The transfer would not be so problematic if a reciprocating money stream was flowing from other communities into black-owned enterprises. In other words, if churches from other ethnic groups were collecting funds each weekend and transferring them to black-owned banks and businesses, the two realities would be balanced, with essentially one cancelling out the other. Instead all of the funds are moving in one direction-away from black communities and entrepreneurs. This book is the second installment in a series on group economics, the missing link and Achilles heel of African-American economic progress. The first installment, Why African Americans Can't Get Ahead: And How We Can Solve It With Group Economics, was published in 2008. The purpose of this book is to explore the economic impact of the transfer of wealth away from black communities via the black church, its impact on those communities, and strategies to reverse this trend. |
| greatest transfer of wealth in history: The Greatest Trades of All Time Vincent W. Veneziani, 2011-09-19 How top traders made huge profits during the most momentous market events of the past century Financial and commodity markets are characterized by periodic crashes and upside explosions. In retrospect, the reasons behind these abrupt movements often seem very clear, but generally few people understand what's happening at the time. Top traders and investors like George Soros or Jesse Livermore have stood apart from the crowd and capitalized on their unique insights to capture huge profits. Engaging and informative, The Greatest Trades of All Time chronicles how a select few traders anticipated market eruptions?from the 1929 stock market crash to the 2008 subprime mortgage meltdown?and positioned themselves to excel while a majority of others failed. Along the way, author Vincent Veneziani describes the economic and financial forces that led to each market cataclysm and how these individuals perceived what was happening beforehand and why they decided to place big bets, often at great risk and in opposition to consensus opinion at the time. Traders discussed include George Soros, Jesse Livermore, Paul Tudor Jones, John Templeton, and John Paulson Provide contemporary traders and investors with insights on how great traders make great trades Offers insights on market forecasting, mass psychology, and the importance of personal conviction in trading At a time when many investors are looking to the past for answers to the future, this book brings important historical moments in the financial markets to life. |
| greatest transfer of wealth in history: General Theory Of Employment , Interest And Money John Maynard Keynes, 2016-04 John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and Keynesian views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning |
| greatest transfer of wealth in history: The Great Devaluation Adam Baratta, 2020-07-21 #1 Business Bestseller (Wall Street Journal, Amazon, USA Today) The Great Devaluation may be one of the most timely books ever written on the state of the global economy. Baratta sums it up simply enough with the following idea: “What seems crazy in normal times becomes necessary in a crisis.” The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up. Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow-up to his national bestseller, Gold Is A Better Way. You’ll learn how and why Federal Reserve polices have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to blow up the global economy. |
| greatest transfer of wealth in history: Exploring the Future John Phillips, 2002-12 John Phillips writes with enthusiasm and clarity, . . . cutting through the confusion and heretical dangers associated with Bible interpretation. --Moody Magazine |
| greatest transfer of wealth in history: Cybersecurity Damien Van Puyvelde, Aaron F. Brantly, 2024-09-27 In the last decade, the proliferation of billions of new Internet-enabled devices and users has significantly expanded concerns about cybersecurity. How much should we worry about cyber threats and their impact on our lives, society and international affairs? Are these security concerns real, exaggerated or just poorly understood? In this fully revised and updated second edition of their popular text, Damien Van Puyvelde and Aaron F. Brantly provide a cutting-edge introduction to the key concepts, controversies and policy debates in cybersecurity today. Exploring the interactions of individuals, groups and states in cyberspace, and the integrated security risks to which these give rise, they examine cyberspace as a complex socio-technical-economic domain that fosters both great potential and peril. Across its ten chapters, the book explores the complexities and challenges of cybersecurity using new case studies – such as NotPetya and Colonial Pipeline – to highlight the evolution of attacks that can exploit and damage individual systems and critical infrastructures. This edition also includes “reader’s guides” and active-learning exercises, in addition to questions for group discussion. Cybersecurity is essential reading for anyone interested in understanding the challenges and opportunities presented by the continued expansion of cyberspace. |
| greatest transfer of wealth in history: Tokyo Underworld Robert Whiting, 2010-09-29 A riveting account of the role of Americans in the evolution of the Tokyo underworld in the years since 1945. In the ashes of postwar Japan lay a gold mine for certain opportunistic, expatriate Americans. Addicted to the volatile energy of Tokyo's freewheeling underworld, they formed ever-shifting but ever-profitable alliances with warring Japanese and Korean gangsters. At the center of this world was Nick Zappetti, an ex-marine from New York City who arrived in Tokyo in 1945, and whose restaurant soon became the rage throughout the city and the chief watering hole for celebrities, diplomats, sports figures, and mobsters. Tokyo Underworld chronicles the half-century rise and fall of the fortunes of Zappetti and his comrades, drawing parallels to the great shift of wealth from America to Japan in the late 1980s and the changes in Japanese society and U.S.-Japan relations that resulted. In doing so, Whiting exposes Japan's extraordinary underground empire: a web of powerful alliances among crime bosses, corporate chairmen, leading politicians, and public figures. It is an amazing story told with a galvanizing blend of history and reportage. |
| greatest transfer of wealth in history: Resurrection of a Nation Kris Axhoj & John P. Walker, 2010-05-18 The goal of this book is to move our government, by educating America, to a place of responsible energy solutions which will produce financial and national security. It will provide a grass root opportunity for constituents to demand results from elected servants based on facts --not opinions. These facts are derived from the EIA, DOE, USGS, IPPA, NDGS, and other reputable scientific agencies, not environmental or political opinions. America is facing serious issues concerning its energy and political policies. We, as a people, have to act now to avoid further degradation of our country's future due to special interest groups and political maneuvering that is leaving our nation crippled. It is time the truth is explored and for the masses of Americans to make intelligent decisions as to which strategic path to follow concerning its energy policies, economy, and political infrastructure. This book will be informative and should create a call to action for those who are interested in correcting our Nations energy and financial course. |
| greatest transfer of wealth in history: The Little Black Book of Scams Industry Canada, Competition Bureau Canada, 2014-03-10 The Canadian edition of The Little Black Book of Scams is a compact and easy to use reference guide filled with information Canadians can use to protect themselves against a variety of common scams. It debunks common myths about scams, provides contact information for reporting a scam to the correct authority, and offers a step-by-step guide for scam victims to reduce their losses and avoid becoming repeat victims. Consumers and businesses can consult The Little Black Book of Scams to avoid falling victim to social media and mobile phone scams, fake charities and lotteries, dating and romance scams, and many other schemes used to defraud Canadians of their money and personal information. |
| greatest transfer of wealth in history: Plague Ship Clive Cussler, Jack Du Brul, 2008-06-03 Chairman Juan Cabrillo and the rest of the Corporation's mercenaries fight to stop a corrupt activist group from unleashing a viral attack in this #1 New York Times-bestselling adventure from the Oregon Files. Captained by the rakish, one-legged Juan Cabrillo and manned by a crew of former military and spy personnel, the Oregon is a private enterprise, available for any government agency that can afford it. They've just completed a top secret mission against Iran in the Persian Gulf when they come across a cruise ship adrift at sea. Hundreds of bodies litter its deck, and, as Cabrillo tries to determine what happened, explosions rack the length of the ship. Barely able to escape with his own life and that of the liner’s sole survivor, Cabrillo finds himself plunged into a mystery as intricate – and as perilous – as any he has ever known and pitted against a cult with monstrously lethal plans for the human race . . . plans he may already be too late to stop |
| greatest transfer of wealth in history: Men of Wealth John T. Flynn, 1941 |
| greatest transfer of wealth in history: The Entrepreneur Equation Michael Port, Carol Roth, 2011-04 It's time to drop the rose-colored glasses and face the facts: most new businesses fail, with often devastating consequences for the would-be entrepreneur. The Entrepreneur Equation helps you do the math before you set down the entrepreneurial path so that you can answer more than just Could I be an entrepreneur? but rather Should I be an entrepreneur?. By understanding what it takes to build a valuable business as well as how to assess the risks and rewards of business ownership based on your personal circumstances, you can learn how to stack the odds of success in your favor and ultimately decide if business ownership is the best possible path for you, now or ever.Through illustrative examples and personalized exercises, tell-it-like-it-is Carol Roth helps you create and evaluate your own personal Entrepreneur Equation as you: Learn what it takes to be a successful entrepreneur in today's competitive environment. Save money, time and effort by avoiding business ownership when the time isn't right for you.Identify and evaluate the risks and rewards of a new business based on your goals and circumstances. Evaluate whether your dreams are best served by a hobby, job or business. Gain the tools that you need to maximize your business success. The Entrepreneur Equation is essential reading for the aspiring entrepreneur. Before you invest your life savings, invest in this book! |
| greatest transfer of wealth in history: The Hacked World Order Adam Segal, 2016-02-23 For more than three hundred years, the world wrestled with conflicts that arose between nation-states. Nation-states wielded military force, financial pressure, and diplomatic persuasion to create world order. Even after the end of the Cold War, the elements comprising world order remained essentially unchanged. But 2012 marked a transformation in geopolitics and the tactics of both the established powers and smaller entities looking to challenge the international community. That year, the US government revealed its involvement in Operation Olympic Games, a mission aimed at disrupting the Iranian nuclear program through cyberattacks; Russia and China conducted massive cyber-espionage operations; and the world split over the governance of the Internet. Cyberspace became a battlefield. Cyber conflict is hard to track, often delivered by proxies, and has outcomes that are hard to gauge. It demands that the rules of engagement be completely reworked and all the old niceties of diplomacy be recast. Many of the critical resources of statecraft are now in the hands of the private sector, giant technology companies in particular. In this new world order, cybersecurity expert Adam Segal reveals, power has been well and truly hacked. |
| greatest transfer of wealth in history: Succession Planning for Financial Advisors David Grau, Sr., 2014-06-02 This book is going to challenge you and everything you think you know about succession planning. For independent advisors, succession planning is quickly becoming the cornerstone to a strategic growth strategy designed to perpetuate their business and their income streams beyond their own lifetime, while providing a multi-generational service platform that attracts and rewards younger advisors. This makes succession planning one of the most, if not the most, important practice management tools in this industry today. As an independent financial advisor, now is the time to address the question of what will happen to your practice and your clients after you “exit the building.” In most cases, the answers are right in front of you. Thankfully, Succession Planning for Financial Advisors: Building an Enduring Business has arrived to transform today’s practices into businesses designed to endure and prosper and serve generations of clients. Learn how to create a “Lifestyle Succession Plan” that can provide a lifetime of income and benefits to the founder even as he/she gradually retires on the job Unlock the power of equity management – the best planning and building tool an independent advisor owns Learn how to attract and retain the best of the next generation to help you build a great business and to support your succession plans and care for your clients and their families Determine precisely when to start a formal succession plan and related continuity plan so that your business can work for you when you need it most Understand why succession planning and selling your business are completely different strategies, but how they can complement each other when used correctly 95% of independent financial service professionals are one owner practices. To the positive, these practices are among the most valuable professional service models in America. But almost all advisors are assembling their practices using the wrong tools – tools borrowed from historically successful, but vastly different models including wirehouses, broker-dealers, and even OSJ’s and branch managers. Revenue sharing, commission splitting and other eat-what-you-kill compensation methods dominate the independent sector and virtually ensure that today’s independent practices, if left unchanged, will not survive the end of their founder’s career. It is time to change course and this book provides the map and the details to help you do just that. For independent practice owners and staff members, advisors who want to transition to independence, as well as accountants, attorneys, coaches and others involved in the financial services space, there are invaluable lessons to be learned from Succession Planning for Financial Advisors. Written by the leading succession planning expert in the financial services industry, former securities regulator, M&A specialist, and founder of the nationally recognized consulting and equity management firm, FP Transitions, David Grau Sr., JD, has created an unmatched resource that will have an enduring and resounding impact on an entire industry. |
| greatest transfer of wealth in history: Avoiding the ‘Thucydides Trap’ Dong Wang, Travis Tanner, 2020-12-29 As the relationship between China and the United States becomes increasingly complex and interdependent, leaders in Beijing and Washington are struggling to establish a solid common foundation on which to expand and deepen bilateral relations. In order to examine the challenges facing U.S.-China relations, the National Bureau of Asian Research (NBR) and the Institute for Global Cooperation and Understanding (iGCU) at Peking University brought together a group of leading experts from China and the United States in Beijing and Honolulu to develop a conceptual foundation for U.S.-China relations into the future, tackling the issues in innovative ways under the banner of U.S.-China Relations in Strategic Domains. The resulting chapters assess U.S.-China relations in the maritime and nuclear sectors as well as in cyberspace and space and through the lens of P2P and mil-to-mil exchanges. Scholars and students in political science and international relations are thus presented with a diagnosis and prognosis of the relations between the two superpowers. |
| greatest transfer of wealth in history: The Fight for $15 David Rolf, 2015-04-07 “Rolf shows that raising the minimum wage to $15 is both just and necessary, lest the American dream of middle class prosperity turn into a nightmare” (David Cay Johnston, Pulitzer Prize–winning journalist). Combining history, economics, and commonsense political wisdom, The Fight for $15 makes a deeply informed case for a national fifteen-dollars-an-hour minimum wage as the only practical solution to reversing America’s decades-long slide toward becoming a low-wage nation. Drawing both on new scholarship and on his extensive practical experiences organizing workers and grappling with inequality across the United States, David Rolf, president of SEIU 775—which waged the successful Seattle campaign for a fifteen dollar minimum wage—offers an accessible explanation of “middle out” economics, an emerging popular economic theory that suggests that the origins of prosperity in capitalist economies lie with workers and consumers, not investors and employers. A blueprint for a different and hopeful American future, The Fight for $15 offers concrete tools, ideas, and inspiration for anyone interested in real change in our lifetimes. “The author’s plainspoken approach and stellar scholarship illuminate in-depth discussions about the deliberate policy decisions that began to decimate the middle class at the start of the 1980s as well as the insidious new ways in which big business continues to attack American workers today via stagnant wages, rampant subcontracting, unpredictable scheduling, and other detrimental practices associated with the so-called ‘share economy.’” —Kirkus Reviews “David Rolf has become the most successful advocate for raising wages in the twenty-first century.” —Andy Stern, senior fellow at Columbia University’s Richard Paul Richman Center for Business, Law, and Public Policy |
| greatest transfer of wealth in history: Bridging The Pacific C. Fred Bergsten, Gary Clyde Hufbauer, Sean Miner, 2014-10-28 The terrain of the world trading system is shifting as countries in Asia, Europe, and North America negotiate new trade agreements. However, none of these talks include both China and the United States, the two biggest economies in the world. In this pathbreaking study, C. Fred Bergsten, Gary Clyde Hufbauer, and Sean Miner argue that China and the United States would benefit substantially from a bilateral free trade and investment accord. In the process, they contend, each country would also achieve progress in addressing its internal economic challenges, such as the low saving rate in the United States. Achieving greater trade and investment integration could be accomplished with one comprehensive effort or through step-by-step negotiations over key issues. The authors call on the United States to seek liberalization of China's services sector as vital to securing an agreement, and they explain that such contentious matters as cyber espionage and currency manipulation be handled through parallel negotiations rather than in the agreement itself. This is an important study of the benefits and difficulties of a complex matter that could yield dividends to the two economies and help stabilize the security and well-being of the rest of the world. |
| greatest transfer of wealth in history: The Great Leveler Walter Scheidel, 2018-09-18 How only violence and catastrophes have consistently reduced inequality throughout world history Are mass violence and catastrophes the only forces that can seriously decrease economic inequality? To judge by thousands of years of history, the answer is yes. Tracing the global history of inequality from the Stone Age to today, Walter Scheidel shows that inequality never dies peacefully. Inequality declines when carnage and disaster strike and increases when peace and stability return. The Great Leveler is the first book to chart the crucial role of violent shocks in reducing inequality over the full sweep of human history around the world. Ever since humans began to farm, herd livestock, and pass on their assets to future generations, economic inequality has been a defining feature of civilization. Over thousands of years, only violent events have significantly lessened inequality. The Four Horsemen of leveling—mass-mobilization warfare, transformative revolutions, state collapse, and catastrophic plagues—have repeatedly destroyed the fortunes of the rich. Scheidel identifies and examines these processes, from the crises of the earliest civilizations to the cataclysmic world wars and communist revolutions of the twentieth century. Today, the violence that reduced inequality in the past seems to have diminished, and that is a good thing. But it casts serious doubt on the prospects for a more equal future. An essential contribution to the debate about inequality, The Great Leveler provides important new insights about why inequality is so persistent—and why it is unlikely to decline anytime soon. |
| greatest transfer of wealth in history: Money and the Mechanism of Exchange William Stanley Jevons, 1877 |
| greatest transfer of wealth in history: Understanding the War Industry Christian Sorensen, 2020-08-01 To an ever-increasing extent, the business of America is the business of war. But although Americans live in the shadow of a war economy, few understand the full extent of its power and influence. Thanks to Christian Sorenson's deeply researched book into the military-industrial complex that envelops our society, such ignorance can no longer be an excuse. - ANDREW COCKBURN, author of 'Kill Chain, The Rise of the High Tech Assassins.' “A devastating account of American militarism, brilliantly depicted, and exhaustively researched in an authoritative manner. Sorensen’s book is urgent, fascinating reading... RICHARD FALK “I’m adding Christian Sorensen’s new book, Understanding the War Industry , to the list of books I think will convince you to help abolish war and militaries.. DAVID SWANSON World Without War “This meticulously researched book lays out in painstaking detail exactly how our nation has been captured by a war industry that profits from endless conflict and pursues profit at all costs. It will shock you, infuriate you, and hopefully inspire you.MEDEA BENJAMIN, co-director, CODE PINK The War Industry infests the American economy like a cancer, sapping its strength and distorting its creativity while devouring its treasure. Stunning in the depth of its research, Understanding the War Industry documents how the war industry commands the other two sides of the military-industrial-congressional triangle. It lays bare the multiple levers enabling the vast and proliferating war industry to wield undue influence, exploiting financial and legal structures, while co-opting Congress, academia and the media. Spiked with insights into how corporate boardrooms view the troops, overseas bases, and warzones, it assiduously delineates how corporations reap enormous profits by providing a myriad of goods and services devoted to making war, which must be rationalized and used if the game is to go on: advanced weaponry, drones and nukes; invasive information technology; space-based weapons; and special operations—with contracts stuffed with ongoing and proliferating developmental, tertiary and maintenance products for all of it. |
| greatest transfer of wealth in history: Making the Most of Your Money in Tough Times Kerby Anderson, |
| greatest transfer of wealth in history: Commerce, Justice, Science, and Related Agencies Appropriations for 2016 United States. Congress. House. Committee on Appropriations. Subcommittee on Commerce, Justice, Science, and Related Agencies, 2015 |
| greatest transfer of wealth in history: Legacy: A Guide to Successfully Transferring Wealth from One Generation to the Next Leslie Quinsay, 2019-11-11 Estate planning is different when a family business is involved... very different. This practical and expertly-crafted guide assists families to successfully pass their wisdom and wealth from generation to generation. |
| greatest transfer of wealth in history: The Middle and Working Class Manifesto Paul J. Bern, 2011-05-21 The Political Manifesto For All Americans From The Middle Class On Down Has Finally Arrived. The First Mass Counter Offensive Against The Class War That Was Initiated By The Rich Against All The Rest Of Middle America Has Begun With The Publication Of This Book. The Problems Of Mass Unemployment, Wholesale Foreclosures, A Broken Public School System And Healthcare System, Of Mass Inequality Due To An Illegal Transfer Of Wealth, Predatory Student Loans And A Rigged Economic System Have Now Become The New Civil Rights Issues Of The 21st Century. Before The Publication Of This Book, The Civil Rights Movement In America Had Been Marking Time Ever Since Rev. Dr. King Was Assassinated In April Of 1968. But As Of Now, That Historic Movement Of The People Has Been Re-initiated. This Book And Its Author Lend Another Voice To The Growing Chorus Of American Dissenters Who Want An End To Ten Years Of Endless War. This Book Is Intended To Be The Handbook For This New Civil Rights/Antiwar Movement. There Has Not Been A Book Like This Published Since Common Sense By Thomas Paine Was Published At The Start Of The US Revolutionary War. This Book Is A Must-Read For Everyone Who Is Concerned About America's Future. |
