Dollar Value Shifts
Gideon Fairchild
Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft
Beschreibung
Dollar Value Shifts explores the U.S. government's 1934 dollar devaluation during the Great Depression and its lasting effects on international trade. The book investigates the motivations behind this currency manipulation, its immediate impacts on the U.S. economy, and its long-term consequences for global trade relations. It analyzes the shift from the gold standard, the rise of economic nationalism, and the complexities of monetary policy, offering a detailed look at a pivotal moment in economic history. This book uniquely positions this devaluation not just as a domestic economic policy but as a turning point in global economic cooperation.
The book begins by setting the stage with an overview of the economic conditions leading up to 1934, then thoroughly examines the devaluation's immediate impact on key sectors such as agriculture and manufacturing. Subsequent chapters delve into the reactions of other nations, including retaliatory policies and trade barriers, exploring how these actions contributed to the breakdown of international trade.
Ultimately, Dollar Value Shifts assesses the long-term implications, drawing lessons relevant to today's policymakers regarding currency devaluation and international economic stability.
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Dollar Devaluation