ALBANY EVENING NEWS, New York, October 26, 1933

• Raising price of Gold
• Henry Morgenthau, Jr.
• Franklin D. Roosevelt

The top of the front page has a three column headline: "PRICES RISE WITH GOLD; MINE OWNERS SUMMONED; NRA ENFORCEMENT BEGUN" with subheads. (see images)
Complete with 40 pages, light toning and minor wear at the margins, binding slits along the spine, generally good.

Background: On October 26, 1933, President Franklin D. Roosevelt officially launched his radical daily gold-purchasing policy through the Reconstruction Finance Corporation (RFC), establishing an initial domestic buying price of $31.36 per ounce—a 27-cent premium over the contemporary London world market price ($31.09) and a massive shift from the longstanding statutory peg of $20.67 per ounce. This date marked the first active day of FDR’s deliberate, executive-driven attempt to manipulate the currency by arbitrarily bidding up the price of gold in small daily increments during morning strategy sessions with RFC Head Henry Morgenthau Jr. and Treasury officials. The ultimate significance of this event lay in its aggressive push to engineer inflation: by systematically raising the price of gold, the administration sought to devalue the U.S. dollar, boost lagging domestic commodity prices, and alleviate the crushing debt burdens of the Great Depression. This daily experiment permanently reshaped monetary policy by formally severing the dollar's traditional fixed convertibility, culminating a few months later in the Gold Reserve Act of January 1934, which permanently revalued gold at $35.00 per ounce and solidified the federal government's centralized control over national currency standards.