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1933 Gold Standard Dropped...



Item # 716944

April 20, 1933

NEW YORK WORLD-TELEGRAM, April 20, 1933.

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


The front page has nice banner headline: "ROOSEVELT'S INFLATION DETAILED"  with subheads. (see images) Nice for display. Coverage of FDR dropping the Gold Standard for the United States.
Complete with 38 pages, light toning and minor wear at the margins, a little irregular along the spine, generally very nice. 

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