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jun 5, 1933 - Abandonment of Gold Standard

Description:

Roosevelt ordered everyone to exchange all gold for dollars to help improve economy. Created many other things that were similar that helped to prevent the use of of private gold. Roosevelt also raised rates to defend the gold standard, which worsened the depression. $1 billion more in debt.

Added to timeline:

New Deal

ByAlijahwan Maragh
29 Mar 2018
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628

Date:

jun 5, 1933
Now
~ 92 years ago
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