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| 003 | BJBSDDR | ||
| 005 | 20230805181413.0 | ||
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| 007 | ta | ||
| 008 | 171026s2018 njuad b 001 0 eng d | ||
| 010 | _a 2017959002 | ||
| 020 | _a9780691161884 (hardcover : alk. paper) | ||
| 020 | _a0691161887 (hardcover : alk. paper) | ||
| 035 | _a(OCoLC)on1004935100 | ||
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_aYDX _beng _cYDX _erda _dBDX _dTOH |
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| 042 | _alccopycat | ||
| 043 | _an-us--- | ||
| 050 | 1 | 4 |
_aHC 106.3 _bE26a 2018 |
| 082 | 0 | 0 | _a339.5/3097309043 |
| 100 | 1 |
_aEdwards Figueroa, Sebastián, _d1953- _927725 |
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| 245 | 1 | 0 |
_aAmerican default : _bthe untold story of FDR, the Supreme Court, and the battle over gold / _cSebastian Edwards. |
| 246 | 3 | 0 | _aUntold story of FDR, the Supreme Court, and the battle over gold |
| 246 | 3 | 0 | _aUntold story of Franklin Delano Roosevelt, the Supreme Court, and the battle over gold |
| 264 | 1 |
_aPrinceton, New Jersey : _bPrinceton University Press, _c[2018] |
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| 300 |
_axxxiii, 252 pages : _billustrations, charts ; _c25 cm |
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| 336 |
_atext _btxt _2rdacontent |
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| 337 |
_aunmediated _bn _2rdamedia |
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| 338 |
_avolume _bnc _2rdacarrier |
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| 504 | _aIncludes bibliographical references (pages 235-242) and index. | ||
| 520 | _a"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 history.Sebastian Edwards provides a compelling account of the economic and legal drama that embroiled a nation already reeling from global financial collapse. It began on April 5, 1933, when FDR ordered Americans to sell all their gold holdings to the government. This was followed by the abandonment of the gold standard, the unilateral and retroactive rewriting of contracts, and the devaluation of the dollar. Anyone who held public and private debt suddenly saw its value reduced by nearly half, and debtors--including the U.S. government--suddenly owed their creditors far less. Revaluing the dollar imposed a hefty loss on investors and savers, many of them middle-class American families. The banks fought back, and a bitter battle for gold ensued. In early 1935, the case went to the Supreme Court. Edwards describes FDR's rancorous clashes with conservative Chief Justice Charles Evans Hughes, a confrontation that threatened to finish the New Deal for good--and that led to FDR's attempt to pack the court in 1937.At a time when several major economies never approached 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"--Provided by publisher. | ||
| 650 | 4 |
_aNew Deal, 1933-1939 _98031 |
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| 650 | 0 |
_aDepreciation _zUnited States _xHistory _y20th century. |
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| 650 | 4 |
_aDepreciación _zEstados Unidos _ySiglo XX _930393 |
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| 650 | 0 | _aDefault (Finance) | |
| 651 | 4 |
_aEstados Unidos _91552 _xCondiciones económicas |
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