CHAPTER THIRTY SHEIKS FOR Morgan Guaranty, too, the recession of 1...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
CHAPTER THIRTY SHEIKS FOR Morgan Guaranty, too, the recession of 1973–74 disclosed a turbulent new world. The Arab oil embargo and consequent jump in world oil prices produced inflation and skidding financial markets. With an end to fixed exchange rates in the early 1970s, foreign-exchange trading became a wild poker game.
chapter: 30. Sheiks