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Episode 253: Gold Standard, R.I.P.

Montagu Norman, Governor of the Bank of England, c. 1930
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Montagu Norman, Governor of the Bank of England, c. 1930

Note: Today's show is a rerun. It originally ran in February 2011.

Franklin Delano Roosevelt ignores the advice of America's big-name economists — and listens instead to a guy who helped take care of the trees on his estate.

Montagu Norman, head of the Bank of England, gets a coded message at a critical moment — and completely misunderstands what it means.

On today's Planet Money: The gold standard and the Great Depression.

It's the latest in our series on gold and the meaning of money. Here's the complete series.

Music: Bright Eyes' "Shell Game." Find us: Twitter/ Facebook/ Spotify/ Tumblr.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

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