Credit culture : the politics of money in the American Novel of the 1970s

The Resource Credit culture : the politics of money in the American Novel of the 1970s

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Credit culture : the politics of money in the American Novel of the 1970s

Title remainder

the politics of money in the American Novel of the 1970s

Statement of responsibility

Nicky Marsh, Univesity of Southampton

Title variation

Politics of money in the American Novel of the 1970s

Language

eng

Summary

"In August 1971 President Nixon announced the suspension of the convertibility of the dollar in a live speech televised to the nation. The dramatic announcement ended the Bretton Woods agreement that had been the bedrock of the post-war economic settlement. The value of the dollar was no longer guaranteed by the gold secured in Fort Knox but by the market's perceptions of its worth in relation to other currencies. The promise to the international monetary communities, that 35 dollars could be exchanged for an ounce of gold, was to be treated as if it had simply never existed. The moment is now a familiar one, it is routinely cited as the origin of a set of radical changes in post-war economics and culture. In the baldest of terms paper appeared to supersede gold, abstraction to supersede materiality, perception to supersede the real, the volatile and short-term desires of markets to supersede the long-term planning of sovereign states"--

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DLC

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index present

Literary form

non fiction

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dictionaries
bibliography

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Context of Credit culture : the politics of money in the American Novel of the 1970s

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