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Do you think Benjamin Strong would have agreed with the words below spoken by Franklin Roosevelt...

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Finance

Do you think Benjamin Strong would have agreed with thewords below spoken by Franklin Roosevelt in 1933?

“The world will not long be lulled by the speciousfallacy of achieving a temporary and probably artificial stabilityin foreign exchange on the part of a few large countries ... Thesound internal economic situation of a nation is a greater factorin its well-being than the price of its currency.”


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4.3 Ratings (807 Votes)
Benjamin Strong took charge as the executive officer for the federal reserve system in November 1917 He recognized the importance of open market operations importance of purchase and    See Answer
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Transcribed Image Text

Do you think Benjamin Strong would have agreed with thewords below spoken by Franklin Roosevelt in 1933?“The world will not long be lulled by the speciousfallacy of achieving a temporary and probably artificial stabilityin foreign exchange on the part of a few large countries ... Thesound internal economic situation of a nation is a greater factorin its well-being than the price of its currency.”

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