American Default - The Untold Story of FDR, the Supreme Court, and the Battle over Gold (Paperback)

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.

General

Imprint:	Princeton University Press
Country of origin:	United States
Release date:	September 2019
First published:	2018
Authors:	Sebastian Edwards
Dimensions:	235 x 156 x 20mm (L x W x T)
Format:	Paperback - Trade
Pages:	288
ISBN-13:	978-0-691-19604-6
Categories:	Books > Business & Economics > Economics > Financial crises & disasters Books > Humanities > History > History of specific subjects > Economic history Books > Social sciences > Politics & government > Central government > Central government policies Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > History > History of specific subjects > Economic history Books > Money & Finance > Public finance > General
LSN:	0-691-19604-4
Barcode:	9780691196046

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