The untold story of how FDR did the unthinkable to save the American economy
The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the US dollar in relation to gold, effectively annulling all debt contracts. From FDR's order for Americans to sell the government all their gold holdings to the Supreme Court confrontation that threatened to finish the New Deal, American Default provides a compelling account of an economic and legal drama that embroiled a nation.
| ISBN: | 9780691196046 |
| Publication date: | 11th October 2019 |
| Author: | Sebastian Edwards |
| Publisher: | Princeton University Press |
| Format: | Paperback |
| Pagination: | 288 pages |
| Genres: |
Economic history Central / national / federal government policies Monetary economics Political economy |
The untold story of how FDR did the unthinkable to save the American economyThe American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D.
American Default features in the following genres: Economic history, Central / national / federal government policies, Monetary economics, Political economy
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American Default was written by Sebastian Edwards and published by Princeton University Press
American Default has 288 pages
£15.29, reduced from £16.99. Not Available.