459 “Poppycock!”: Schlesinger Jr., The Coming of the New Deal, 195.
459 His simplistic view was: Wicker, “Roosevelt’s 1933 Monetary Experiment.”
460 “You paint a barn roof”: “Teachers and Pupils,” Time, November 27, 1933; Brooks, Once in Golconda , 160-63.
461 “As long as nobody asks me”: Schlesinger Jr., The Coming of the New Deal, 195.
462 “Well, this is the end of western civilization”: Accounts of that meeting are variously provided by Moley, After Seven Years, 159-61; Feis, 1933: Characters in Crisis, 126-30; Warburg, The Long Road Home, 119-20; James Warburg, Oral History Project, 492-99, quoted in Schwarz, 1933: Roosevelt’s Decision; and Schlesinger, The Coming of the New Deal, 200-201.
462 “can’t be defended except as mob rule”: Schlesinger Jr., The Coming of the New Deal, 202.
462 “Your action in going off gold”: Letter from Leffingwell to Roosevelt, October 2, 1933, quoted in Schlesinger, The Coming of the New Deal, p. 202.
462 dramatic change in sentiment: Temin and Wigmore, “The end of one big deflation,”
463 “The difficulties are so great”: Gunther, Inside Europe, 287.
463 “a handsome, fox-bearded gentleman”: “Professor Skinner,” Time, August 29, 1932.
463 “his affectation of the role”: “Along the Highways of Finance,” New York Times, September 4, 1932.
464 “Deport the Blighter”: from Press Time: A Book of Post Classics, 310-11.
465 “whims” “completely in the dark”: Bank of England telephone conversations between Harrison and Norman, April 27, 1933, and May 26, 1933.
466 He practiced it in his personal life: “Tightwad Up and Out,” Time, January 14, 1935.
468 “King, I’m glad to meet you.”: Brooks, Once in Golconda, 158; Galbraith, Money, 202-203; Warburg, The Long Road Home, 128-29.
468 “With Washington committed”: “Disgust,” Time, June 26, 1933.
470 “he felt as if he had been kicked”: Josephson, The Money Lords, 130.
471 “President Roosevelt is Magnificently Right”: Keynes, “President Roosevelt is Magnificently Right,” Daily Mail, July 4, 1933, in Collected Writings, 21: 273-77.
471 “We are entering upon waters”: Warburg, The Long Road Home, 135-36.
472 “crack-brained” economist: “Teachers and Pupils,” Time, November 27, 1933; Brooks, Once in Golconda, 160-63.
472 “like asking a sworn teetotaler”: Josephson, The Money Lords, 131.
473 “hit the ceiling”: Harrison Diary, October 28, 1933, quoted in Brooks, Once in Golconda, 168.
473 “This is the most terrible thing”: Henry Morgenthau, Jr., “The Morgenthau Diaries: Part V: The Paradox of Poverty and Plenty,” Colliers, October 25, 1947.
473 “the gold standard on the booze”: Maynard Keynes, “Keynes to Roosevelt: Our Recovery Plan Assailed—An Open Letter,” New York Times, December 31, 1933, in Collected Writings, 21: 289-97.
474 In the four years after 1933, the value of gold: Romer, “What Ended the Great Depression?” and Meltzer, A History of the Federal Reserve, 573.
476 “Operated on this morning”: Rhodes, The Making of the Atomic Bomb, 685-86.
22. THE CARAVANS MOVE ON
477 If a man will begin: Francis Bacon quote from Bartlett’s Familiar Quotations, 166.
477 Breaking with the dead hand of the gold standard: Eichengreen and Sachs, “Exchange Rates and Economic Recovery,” and Choudhri and Kochin, “The Exchange Rate and the International Transmission of Business Cycle.”
480 “If Hitler comes to power”: Gunther, Inside Europe, 99; Mühlen, Schacht: Hitler’s Magician, viii.