20 Apr 1933 Jahr - FDR takes US off gold standard (Apr 1933)

Beschreibung:

Ordered all private holdings of hold to be surrendered to Treasury in exchange for paper currency; Took nation off gold standard; Emergency Congress responded to recommendation by cancelling gold-payment clause in all contracts, authorized repayment in paper $$

FDR managed currency by buying gold from treasury at inflated prices, stopped buying gold (Feb 1924), returned US to limited gold standard for int'l trade