American Default - The Untold Story of Fdr, the Supreme Court, and the Battle Over Gold

Zusatztext "Brilliantly told." -Steve Hanke! Forbes Informationen zum Autor Sebastian Edwards is the Henry Ford II Professor of International Economics at the University of California, Los Angeles. His books include Toxic Aid and Left Behind . Klappentext "A really excellent book. Edwards provides a dramatic and readable account of monumental decisions that changed the course of history. American Default is sure to be a hit." --Michael D. Bordo, Rutgers University The untold story of how FDR did the unthinkable to save the American economy Zusammenfassung 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.

Product details

• Authors: Sebastian Edwards, Edwards Sebastian
• Publisher: Princeton University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 30.09.2019
• EAN: 9780691196046
• ISBN: 978-0-691-19604-6
• No. of pages: 288
• Subjects: Social sciences, law, business > Business > Economics; USA, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Economic History, POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / Public Policy / General, Economic history, United States of America, USA, Economic & financial crises & disasters, Economic and financial crises and disasters, c 1919 to c 1939 (Inter-war period), c 1918 to c 1939 (Inter-war period), Central / national / federal government policies, Public finance, Central government policies, Public finance and taxation