jan 1, 1933 - The U.S. began to abandon the Gold Standard by

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Due to bank failures and bank runs, gold stock held by the U.S. government had significantly shrank. In 1933 FDR a issued a series of orders that denied the gold standard to citizens. It required citizens to turn in their gold coins, which was later sold to foreign governments at a higher price. By 1935, U.S. citizens could no longer redeem dollars for gold, but foreign governments were allowed to do so at an increased price

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