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American Default: The Untold Story of FDR, the Supreme Court, and the Battle over Gold
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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 history.
Sebastian Edwards provides a compelling account of the economic and legal drama that embroiled a nation alr...
Sebastian Edwards provides a compelling account of the economic and legal drama that embroiled a nation alr...
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