20th Century American Economic History

The New Deal and the Post-War International Monetary System

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The World Economic Conference of 1933 met to deal with America's Great Depression, but, without consulting anyone, FDR declared that the U.S. would not agree to the proposal because he wanted to take the U.S. off the gold standard in order to inflate the dollar.  The gold-supporting British and French were horrified; Nazi Germany was delighted.
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20th Century American Economic HistoryBy Murray N. Rothbard
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