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The gold standard under duress...



Item # 650075

March 18, 1968

THE NEW YORK TIMES, March 18, 1968

* The gold standard under duress
* One day prior to the elimination of the "gold cover"


The front page has the 3-line, 5-column heading: "7 Nations Back Dual Gold Price, Bar Selling To Private Buyers; Pledge Support Of The Dollar," with subheads: "$35 Rate Upheld," "Free Market Allowed to Fluctuate - Britain Gets More Credits," along with the supporting article: "Bullion Market in London To Stay Shut Until April 1." A related photo is included. It is interesting to note these reports appeared just one day prior to President Johnson signing the act which eliminated the requirement for the dollar to be backed by gold. While it would not come for a few years, ultimately, this move set into motion the demise of the Gold Standard - and set the stage for solidifying the American Dollar as the world's currency. Incredibly historic!
Other news of the day is present, including reports related to the coming election, the war in Vietnam, sports, etc..
Complete with all 80 pages, light even toning, browning at the mid-fold, but generally nice (see images).

Item from Catalog 268 (released for March, 2018)...

Category: The 20th Century

No Longer Available