American Default: The Untold Story of FDR, the Supreme Court, and the Battle Over Gold

by Sebastian Edwards

Book Overview

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 U.S. dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten...

• Format: Hardcover
• Language: English
• ISBN: 0691161887
• ISBN13: 9780691161884
• Release Date: May 2018
• Publisher: Princeton University Press
• Length: 288 Pages
• Weight: 1.38 lbs.
• Dimensions: 1.2" x 6.3" x 9.4"