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.
Sebas.
American Default is the Story of this forgotten chapter in America\'s history. dollar in relation to gold, effectively annulling all debt contracts.
Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the U.
S.
Yet in 1933, Franklin D.
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