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American Default
Paperback
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- Book Synopsis
- 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.
- About The Author
- 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.
- Product Details
-
- ISBN
- 9780691196046
- Format
- Paperback
- Publisher
- Princeton University Press, (11 October 2019)
- Number of Pages
- 288
- Weight
- 284 grams
- Language
- English
- Dimensions
- 234.95 x 155.57 x 20 mm
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