# Prof. William Silber's book, "When Washington Shut Down Wall Street," is cited

1 Faculty News November 13, 2014 ![Quartz logo](/sites/default/files/styles/246w/public/assets/images/con_038218.gif?itok=JIQPnzXd)>

Excerpt from [Quartz](http://qz.com/294809/why-the-us-has-the-most-powerful-currency-on-the-planet/) -- "As the war dragged on, Britain went from lender to borrower. And after the dollar-denominated Anglo-French loan of October 1915—organized by JP Morgan to fund the allied European powers—'the US dollar no longer took a backseat to the British pound,' wrote [William Silber](http://www.stern.nyu.edu/faculty/bio/william-silber), an NYU professor and author of a book on the origins of the dollar as a reserve currency."

[Read more](http://qz.com/294809/why-the-us-has-the-most-powerful-currency-on-the-planet/)