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1933 Gold Standard Dropped...
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1933 Gold Standard Dropped...

Item # 721771 ·

NEW YORK WORLD-TELEGRAM, April 21, 1933.

* U.S. Gold Standard dropped
* Franklin D. Roosevelt - FDR


The top of the front page has four column headline: "ROOSEVELT ACTS TO CURB FILIBUSTER ON INFLATION; DOLLAR UP, STOCKS EASE"  with subheads. (see images) 
Complete with 38 pages, light toning, a little wear along the spine, generally in good condition.

background: In 1933, President Franklin D. Roosevelt took the United States off the gold standard as part of his New Deal response to the Great Depression. In April of 1933, he issued Executive Order 6102, requiring Americans to turn in most of their gold coins, bullion, and certificates to the Federal Reserve in exchange for paper currency. This was followed by the Gold Reserve Act of 1934, which officially removed the dollar's gold backing and devalued the dollar by raising the price of gold from $20.67 to $35 per ounce. The move gave the federal government more flexibility to expand the money supply and combat deflation, helping to stimulate economic recovery during the crisis.

Category: The 20th Century
Price
$62
100% Authentic: Original printing, never a reproduction.