20th Century American Economic History
7. The New Deal and the Post War International Monetary System
Lecture by Murray N. Rothbard
The World Economic Conference of 1933 in London 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.
Hitler loved FDR's New Deal. Morgan men continued to hold power positions internationally, creating worldwide inflation. By 1945, Bretton Woods had established the rules for post-war international monetary management. On 15 August 1971, the U.S. brought this system to an end, rendering the dollar a fiat currency.
7 of 8 from Murray Rothbard's 20th Century American Economic History lecture series.
Sourced from: https://mises.org/library/20th-century-american-economic-history
We are not endorsed or affiliated with the above.
https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode
Presented by: Read Rothbard and Actual Anarchy
Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.
www.readrothbard.com
The Actual Anarchy Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it's voluntary, we're cool with it. If it's not, then it violated the Non-Aggression Principle and Property Rights - the core tenants of Libertarian Theory - and hence - human freedom.
www.actualanarchy.com
Websites: http://www.ReadRothbard.com / http://www.ActualAnarchy.com
iTunes: https://itunes.apple.com/us/podcast/the-read-rothbard-podcast/id1166745868
Google Play Music: https://play.google.com/music/m/Ii45fhytlsiwkw6cbgzbxi6ahmi?t=The_Read_Rothbard_Podcast
Facebook: http://www.facebook.com/readrothbardclub
Twitter: https://twitter.com/read_rothbard
Flickr: https://www.flickr.com/gp/145447582@N05/xB4583
Patreon: https://www.patreon.com/ReadRothbard
Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics,
