The Currency Wars two years on: Shanghai Accord, Danielle DiMartino Booth, Money Strong

The Currency Wars Two Years On: The Shanghai Discord

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“Nothing unimportant ever happens at the Plaza.”

So legend has it of one of the finest structures to emerge from foreclosure in the aftermath of a three-year depression that ravaged the U.S. economy through 1885. ‘Important’ no doubt describes what took place one century later, on September 22, 1985, with the signing of the Plaza Accord, so named for the grand hotel that stands proudly to this day at the intersection of Fifth Avenue and Central Park South.

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