American Default by Sebastian Edwards

18/07/2018 9h 1min
American Default by Sebastian Edwards

Listen "American Default by Sebastian Edwards"

Episode Synopsis

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Title: American Default
Author: Sebastian Edwards
Narrator: Timothy Andrés Pabon
Format: mp3
Length: 9 hrs and 1 min
Release date: 07-18-18
Ratings: 4 out of 5 stars, 42 ratings
Genres: Corporate & Public Finance
Publisher's Summary:
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 US dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten chapter in America's history.