The twelfth lunar month 17 (����), January 31, 1934, Roosevelt devalued the dollar 40%.

1934, 31, 2009, President Roosevelt issued a statement to say, the value of the dollar has dropped to 59.6 cents a government acquisition of the gold price is set at $ 35 per ounce. Congress recently authorized to act. The president said to take these steps in order to protect the country's foreign trade from other countries, the impact of the currency devaluation. The announcement said that the Government of the Federal Reserve Bank of all existing gold ownership. Government treasury profits of about $ 2.8 billion will be from the old and the new gold coupon convertible. If necessary, of which $ 2 billion will be used to stabilize the dollar, international exchange and to support the government bond market.