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American Default

American Default

Sebastian Edwards

26,48 €
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Editorial:
Princeton University Press
Año de edición:
2019
Materia
Economía monetaria
ISBN:
9780691196046
26,48 €
IVA incluido
Disponible
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The untold story of how FDR did the unthinkable to save the American economyThe 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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