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The Friday Podcast: Gold Standard, R.I.P.

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The Friday Podcast: Gold Standard, R.I.P.

Planet Money Buys Gold

The Friday Podcast: Gold Standard, R.I.P.

The Friday Podcast: Gold Standard, R.I.P.

  • Download
  • <iframe src="https://www.npr.org/player/embed/133874462/133878359" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Montagu Norman, c. 1930 Hulton Archive/Getty Images hide caption

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Hulton Archive/Getty Images

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.

Subscribe to the podcast. Bright Eyes' "Shell Game." Find us: Twitter/ Facebook.