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The money makers: how Roosevelt and Keynes ended the Depression, defeated fascism, and secured a prosperous peace

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Shortly after arriving in the White House in early 1933, Franklin Roosevelt took the United States off the gold standard. His opponents thought his decision unwise at best, and ruinous at worst. But they could not have been more wrong.
With The Money Makers, Eric Rauchway tells the absorbing story of how FDR and his advisors pulled the levers of monetary policy to save the domestic economy and propel the United States to unprecedented prosperity and superpower status. Drawing on the ideas of the brilliant British economist John Maynard Keynes, among others, Roosevelt created the conditions for recovery from the Great Depression, deploying economic policy to fight the biggest threat then facing the nation: deflation.
Throughout the 1930s, he also had one eye on the increasingly dire situation in Europe. In order to defeat Hitler, Roosevelt turned again to monetary policy, sending dollars abroad to prop up the faltering economies of Britain and, beginning in 1941, the Soviet Union. FDR's fight against economic depression and his fight against fascism were indistinguishable. As Rauchway writes, "Roosevelt wanted to ensure more than business recovery; he wanted to restore American economic and moral strength so the US could defend civilization itself." The economic and military alliance he created proved unbeatable-and also provided the foundation for decades of postwar prosperity. Indeed, Rauchway argues that Roosevelt's greatest legacy was his monetary policy. Even today, the "Roosevelt dollar" remains both the symbol and the catalyst of America's vast economic power.
The Money Makers restores the Roosevelt dollar to its central place in our understanding of FDR, the New Deal, and the economic history of twentieth-century America. We forget this history at our own peril. In revealing the roots of our postwar prosperity, Rauchway shows how we can recapture the abundance of that period in our own.
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ISBN:
9780465049691
9781469063973
9780465061563
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Grouped Work ID21c8f05c-b18f-6bc6-20c4-5b643efb66bc
Grouping Titlemoney makers how roosevelt and keynes ended the depression defeated fascism and secured a prosperous peace
Grouping Authoreric rauchway
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2022-05-22 03:17:35AM
Last Indexed2022-05-22 03:52:37AM
Novelist Primary ISBN9780465049691

Solr Details

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auth_author2Dixon, Walter
authorRauchway, Eric
author2-roleDixon, Walter,narrator
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display_descriptionShortly after arriving in the White House in early 1933, Franklin Roosevelt took the United States off the gold standard. His opponents thought his decision unwise at best, and ruinous at worst. But they could not have been more wrong.
With The Money Makers, Eric Rauchway tells the absorbing story of how FDR and his advisors pulled the levers of monetary policy to save the domestic economy and propel the United States to unprecedented prosperity and superpower status. Drawing on the ideas of the brilliant British economist John Maynard Keynes, among others, Roosevelt created the conditions for recovery from the Great Depression, deploying economic policy to fight the biggest threat then facing the nation: deflation.
Throughout the 1930s, he also had one eye on the increasingly dire situation in Europe. In order to defeat Hitler, Roosevelt turned again to monetary policy, sending dollars abroad to prop up the faltering economies of Britain and, beginning in 1941, the Soviet Union. FDR's fight against economic depression and his fight against fascism were indistinguishable. As Rauchway writes, "Roosevelt wanted to ensure more than business recovery; he wanted to restore American economic and moral strength so the US could defend civilization itself." The economic and military alliance he created proved unbeatable-and also provided the foundation for decades of postwar prosperity. Indeed, Rauchway argues that Roosevelt's greatest legacy was his monetary policy. Even today, the "Roosevelt dollar" remains both the symbol and the catalyst of America's vast economic power.
The Money Makers restores the Roosevelt dollar to its central place in our understanding of FDR, the New Deal, and the economic history of twentieth-century America. We forget this history at our own peril. In revealing the roots of our postwar prosperity, Rauchway shows how we can recapture the abundance of that period in our own.
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subject_facetDepressions -- 1929 -- United States
Keynes, John Maynard, -- 1883-1946 -- Influence
Roosevelt, Franklin D. -- (Franklin Delano), -- 1882-1945 -- Influence
United Nations Monetary and Financial Conference -- (1944 : -- Bretton Woods, N.H.)
United States -- Economic conditions -- 1918-1945
United States -- Economic policy -- 1933-1945
title_displayThe money makers : how Roosevelt and Keynes ended the depression, defeated fascism, and secured a prosperous peace
title_fullThe Money Makers How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace
The money makers : how Roosevelt and Keynes ended the Depression, defeated fascism, and secured a prosperous peace [electronic resource] / Eric Rauchway
The money makers : how Roosevelt and Keynes ended the depression, defeated fascism, and secured a prosperous peace / Eric Rauchway
title_shortThe money makers
title_subhow Roosevelt and Keynes ended the Depression, defeated fascism, and secured a prosperous peace
topic_facetBiography & Autobiography
Business
Depressions
Economic conditions
Economic policy
History
Influence
Keynes, John Maynard
Nonfiction
Roosevelt, Franklin D