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Why did Roosevelt torpedo the London Economic Conference of 1933?
Wiki User
∙ 7y ago
Roosevelt first agreed to send a delegation including Sec. of State Cordell Hull. But since the conference's agenda didn't agree with his own he passed it up.
He wanted to concentrate primarily on the recovery of the American domestic economy and to stimulate American recovery with inflammatory policies. An agreement to maintain the dollar in terms of other currencies could have tied his hands.
While he was on his yacht off the New England coast he radioed a message to London scolding the conference for trying to stabilize currencies and declared America's withdrawal from negotiations. (source- "The American Pageant" A.P. and 13th edition by David M. Kennedy, Lizabeth Cohen and Thomas A. Bailey)
Wiki User
∙ 7y ago
Roosevelt torpedoed the London Economic Conference of 1933 because he believed that the proposed stabilization measures would negatively impact his domestic policies and reduce U.S. autonomy in economic decisions. He was also concerned that the conference's focus on stabilizing currencies would lead to deflation and harm recovery efforts in the United States.
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Why did Roosevelt undermine the London Economic Conference?
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What resulted from Franklin Roosevelt's withdrawal from the London Economic Conference?
Because of Franklin Roosevelt's withdrawal from the London Economic Conference the trend of extreme nationalism was strengthened. Roosevelt thought stabilizing national currency could affect the US from recovering from the depression.
Roosevelt's policy toward the 1933 London economic conference showed the concern for establishing a stable international economic order. true or false?
False
International economic conference on stabilizing currency that was sabotaged by FDR?
The London Economic Conference
When was the London Conference?
the London conference was in London in Decembre 1866.
Who was at the London Conference in 1867 and why were they there?
Who was at the London Conference in 1867 and why were they there?
What has the author V A Malcolmson written?
V. A. Malcolmson has written: 'The Imperial Conference and the future of the Empire' -- subject(s): Colonies, Economic policy, Imperial Conference (1930 : London)
Was George brown in the London conference?
No, George Brown wasn't at the London confederation conference. he wasn't at that conference because he was recovering from a failed assassination attempt on his life.
What conference did Sir George Étienne Cartier participate?
He participated in the Charlottetown Conference(1864), the Quebec conference(1864), and the London Conference (1867)
What was the purpose of the London conference?
Peni s
Where was third round table conference held?
London
What was the economic venture of the VA company of London?
Jamestown and the Roanoke settlements were the economic ventures of the VA Company of London.
