| American Default: The Untold Story of Fdr, the Supreme Court, and the Battle Over Gold Contributor(s): Edwards, Sebastian (Author) |
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ISBN: 0691196044 ISBN-13: 9780691196046 Publisher: Princeton University Press OUR PRICE: $18.95 Product Type: Paperback - Other Formats Published: September 2019 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economic History - Political Science | Political Economy - Business & Economics | Money & Monetary Policy |
| Dewey: 339.530 |
| Physical Information: 0.9" H x 6.1" W x 9" (0.70 lbs) 288 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |
Contributor Bio(s): Edwards, Sebastian: - Sebastian Edwards is the Henry Ford II Professor of International Economics at the University of California, Los Angeles. His books include Toxic Aid: Economic Collapse and Recovery in Tanzania and Left Behind: Latin America and the False Promise of Populism. He lives in Los Angeles. |