American Default

Name: American Default
Brand: PRINCETON UNIV PR
SKU: 9780691161884
Price: 188.49 RON
Availability: InStock

Autor: Sebastian Edwards

Limbă:

Legare: Copertă tare

Editura: PRINCETON UNIV PR

Disponibilitate: În depozitul extern

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188.49 lei

The American economy is strong in large part because nobody believes that America would ever default...

Informații despre carte

Autor

Sebastian Edwards

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2018

Pagini

288

EAN

9780691161884

ISBN

9780691161884

Enbook ID

18210065

Editura

PRINCETON UNIV PR

Greutate

605

Dimensiuni

167 x 245 x 29

Descriere completă

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 and get people back to work, he depreciated the U.S. dollar in relation to gold and annulled debt contracts retroactively. American Default is the story of this forgotten chapter in America's history. At a time when several major economies are on the brink of default or devaluing or recalling currencies, American Default is a timely account of a little-known yet drastic experiment with these policies, the inevitable backlash, and the ultimate result.

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