Lecture 60 of 64 · A History of Money and Banking in the United States Before the Twentieth Century
60. The New Deal and the International Monetary System
60. The New Deal and the International Monetary System by Murray N. Rothbard is a free audio lecture (1:02) at freecapitalists.org, part of the 64-lecture series A History of Money and Banking in the United States Before the Twentieth Century.
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0:00Part 5 The New Deal and the International Monetary System The international monetary policies of the New Deal may be divided into two decisive and determining actions, one at the beginning of the New Deal and the other at its end. The first was the decision, in early 1933, to opt for domestic inflation and monetary Monetary Nationalism, a course that helped steer the entire world onto a similar path during the remainder of the decade. The second was the thrust, during World War II, to reconstitute an international monetary order, this time built on the dollar as the world's quote, key and crucial currency.
0:51If we wish to use lurid terminology, we might call these a decision for dollar nationalism and Dollar Imperialism, respectively.
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Speakers: Murray N. Rothbard.
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