Franklin Roosevelt and the New Deal Explained — Fexingo History
In 1933, President Franklin D. Roosevelt took the United States off the gold standard, a move that reshaped the American economy and the global monetary system. This episode of Franklin Roosevelt and the New Deal Explained dives into the Gold Reserve Act of 1934, the devaluation of the dollar, and the controversial gold confiscation of 1933. Lucas and Luna explore the role of key figures like Treasury Secretary Henry Morgenthau Jr., economist George Warren, and Senator Carter Glass, who fiercely opposed leaving gold. They discuss the impact on farmers, debtors, and the banking system, as well as the Supreme Court cases that upheld the abrogation of gold clauses. From Roosevelt's secret gold-buying program to the creation of the Exchange Stabilization Fund, this episode reveals how FDR's monetary policies sought to end deflation and empower the executive branch over monetary policy. A must-listen for anyone curious about the intersection of economics, politics, and presidential power during the New Deal. #FDR #NewDeal #GoldStandard #GoldReserveAct #MonetaryPolicy #HenryMorgenthauJr #GeorgeWarren #CarterGlass #SupremeCourt #GoldClauseCases #PerryVUnitedStates #ExchangeStabilizationFund #Devaluation #1933BankingCrisis #ExecutiveOrder6102 #GoldConfiscation #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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