Franklin Cole: The Forbidden Metal

Cover: 9783565190270 | The Forbidden Metal | Franklin Cole | Taschenbuch | Englisch | epubli

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Sprache: Englisch

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Beschreibung

"The Forbidden Metal - The year the US government seized everyone's gold" investigates Executive Order 6102. In 1933, in the depths of the Great Depression, President Franklin D. Roosevelt made it a crime for US citizens to own monetary gold. Americans were forced to turn in their gold coins and bullion to the Federal Reserve in exchange for paper money, or face ten years in prison.Historian Franklin Cole details the logic behind the seizure: People were hoarding gold, which stalled the money supply and deepened the depression. By confiscating it, the government could devalue the dollar and inflate the economy."The Forbidden Metal" explores the tension between economic necessity and property rights. It is a reminder that the money in your pocket is a tool of the state, and that even the ultimate "store of value" can be taken away with the stroke of a pen.

Details

Empfohlen (bis):	99
Empfohlen (von):	1
Fachbereich:	Rechtsratgeber
Genre:	Recht
Produktart:	Nachschlagewerke
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
ISBN-13:	9783565190270
ISBN-10:	3565190272
Sprache:	Englisch
Autor:	Cole, Franklin
Auflage:	3. Aufl.
Hersteller:	epubli
Verantwortliche Person für die EU:	Neopubli GmbH (Imprint: epubli), Köpenicker Str. 154a, D-10997 Berlin, produktsicherheit@epubli.com
Maße:	7 x 210 x 297 mm
Von/Mit:	Franklin Cole
Gewicht:	0,334 kg