American default
the untold story of FDR, the Supreme Court, and the battle over gold
- ISBN: 9780691196046
- Editorial: Princeton University Press
- Fecha de la edición: 2019
- Lugar de la edición: New Jersey. Estados Unidos de Norteamérica
- Encuadernación: Rústica
- Medidas: 24 cm
- Nº Pág.: 288
- Idiomas: Inglés
Papel: Rústica
32,22 €
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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.
