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9780691196046.jpg

American Default

★★★★★
★★★★★

English

By (author): Sebastian Edwards

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.

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€21.99
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Product Details
  • Dimensions: 156 x 235mm
  • Publication Date: 10 Sep 2019
  • Publisher: Princeton University Press
  • Publication City/Country: US
  • Language: English
  • ISBN13: 9780691196046

About Sebastian Edwards

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.

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