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Planet Money

Gold Standard, R.I.P.

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. 

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