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April 19.1933-Roosevelt canceled the dollar's gold standard

Show:1436 times , datetime:2024-07-17 09:58:11

April 19, 1933 (March 25) 癸酉 Roosevelt canceled the dollar's gold standard.

1933 19, the United States off the gold standard, Roosevelt's actions the U.S. to maintain equal monetary base with the vast majority of countries in the world. Federal government officials said this action is only for the condition of the domestic and world "expedient", but he refused to say how long it will be implemented.
abandoned the gold standard so that the increase in share prices on Wall Street, Wall Street stock trading is very active day delivery of stock amounted to 500 million shares, the most active day in the past over six months. However, this action abroad, especially in France come under severe attack. (History www.TodayOnHistory.com) in France, the fluctuations in the value of the dollar by one economist described as "almost can not call it a claim to be gold-based currency. American action in London looks likely to provoke a trade war between the United States and the United Kingdom.

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