We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
Published online by Cambridge University Press: 24 February 2021
This chapter describes the monetary antagonism that pervaded the world from Roosevelt's inauguration in 1933 to the development of an uneasy ceasefire by the middle of 1935. Roosevelt's departure from the gold standard fundamentally changed the monetary system, and his chaotic method of doing so exacerbated the mutual suspicion already rife in the great capitals of the world. Once Roosevelt officially devalued the dollar in January 1934, Britain and France were clueless as to what, if anything America would do next; America and France were furious as Britain refused to stabilize the pound; and the world watched France flounder as its currency increasingly came under pressure. While Britain and America reached an uneasy suspension of monetary hostilities in 1935, the precariousness of the franc meant that this superficial stability was liable to crumble at any moment.
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.
