You’ve probably heard one story of how we got out of the Great Depression–that the federal government spent a lot of money putting people to work. Historian Eric Rauchway has another side of the story and it all comes down to getting America off gold. We will look at the history of how a British economist and an American president decided that money needed to be worth a lot less and convinced most of the country to go along with it.
Guest:
Eric Rauchway, American historian and professor at the University of California, Davis. Author of, The Money Makers.