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Today's Economic History: Eric Rauchway on Roosevelt’s Money Policy, 1933-1934 (Brad DeLong's Grasping Reality...)
In other words, before Roosevelt had been in office a full year, he had articulated, with Keynes’s approval, all the elements of what would become the Bretton Woods monetary policy in 1944: currencies would be kept at stable exchange rates, but would be adjustable in keeping with the needs of economic prosperity in each country.
