jan 4, 1935 - Abandoning the Gold Standard (Part 1)

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Due to the events of the Great Depression, the Treasury's reserves of gold had significantly shrunk. To mitigate this, a series of orders signed by FDR in 1933, US citizens were no longer allowed to redeem gold from dollars. Foreign governments were still allowed to do so, but at a higher price. This was the beginning of the end for the Gold Standard.

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