What was the cause of the silver war?

Question

silver war

Answer 1

silver

Answer 2

"Silverware" is derived from "Silver War". This war was fought during the late Iron age. At a point when the artillery supply was low, the climactic battle was fought by Persian soldiers who flung knives, forks and spoons at the Roman Army. The Romans were not only perplexed by the projectiles, but by what these instruments were used for. The Romans inevitably adapted these into their culture, then lied about who really invented them.

Answer 3

The cause of the civil war was states rights. Southern plantation owners had a major portion of their assets in the value of their slaves. When the abolitionists wanted to free the slaves the southern plantation owners said fine but where's my money. The sou then states left the union because the felt that the federal government was too powerful thus states rights came into the picture.

Answer 4

"Nelson Bunker and brother William Herbert Hunt, together with two wealthy Arab investors, formed a company called International Metals Investment Company Ltd. with the intent of cornering the world silver market. Through their brokers on the Commodity Exchange (COMEX), Alvin Brodsky and Mark Denberg, they quickly amassed more than 200 million ounces of silver, equivalent to half the world's deliverable supply. When the Hunt brothers began accumulating silver in 1973 the price was $1.95 per ounce. Early in 1979 the price was about $5, and in 1980 the price peaked at $49.45 per ounce[1].

Once the silver market was cornered, outsiders joined the chase. As things heated up, the number of contracts being traded in a month equaled the total amount of silver available for delivery in the exchange warehouses, and many traders, including the Hunt Brothers, were taking delivery on their contracts. Members of the board at COMEX, many of whom had substantial silver short positions, moved to check this cornering of the silver market by lowering the number of contracts investors could hold, and raising margin requirements. The highly leveraged Hunt Brothers were unable to meet their margin calls, and were forced to sell. A combination of changed trading rules on the New York Metals Market (COMEX) that allowed only liquidation (sell) orders, and the intervention of the Federal Reserve to bail out the brothers put an end to the silver run. The price began to slide, culminating in a 50% one-day decline, known as Silver Thursday, on March 27, 1980 as the price plummeted from $21.62 to $10.80.

The collapse of the silver market meant huge losses for speculators. The Hunt brothers declared bankruptcy. By 1987 their liabilities had grown to nearly $2.5 billion against assets of $1.5 billion. Nelson Bunker Hunt declared bankruptcy and was convicted in August 1988 of conspiring to manipulate the market."

From Wikipedia

Basically the Hunt brothers, sons of the billionaire H. L. Hunt attempted to artifically drive up the price of silver. The did not count on, however, Kodak, which was the largest user of silver in the US, if not the world, and Kodak saturated the market with silver, driving the prices down, and the Hunts were unable to meet the margin calls from their brokers and bankrupted. A margin call is when the stocks were bought on "the margin" by only placing a minimal amount of cash in the market, the rest was "on the margin," which had to be paid when the margins were called in. Kodak forced the margins to be called in by depressing the artificially high price of silver.

Answer 5

Never heard such of a thing, maybe your talking about the civil war?

Answer 6

The settlers had to iron out a gold problem.

Answer 7

Platinum.