Sebastian Edwards
Author
Language
English
Formats
Description
"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 chapter in America's...
Author
Pub. Date
2023
Language
English
Formats
Description
"A Financial Times Best Book of the Year: Economics" Sebastian Edwards is the Henry Ford II Distinguished Professor of International Economics at the University of California, Los Angeles, and a former chief economist for Latin America and the Caribbean at the World Bank. His many books include American Default: The Untold Story of FDR, the Supreme Court, and the Battle over Gold (Princeton) and Crisis and Reform in Latin America: From Despair to...