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1933 - April 19 – The United States officially goes off the gold standard.



U.S. Off the Gold Standard
First Time in Half Century

United States' Action in Leaving Gold Standard Felt Over the World
(By The Associated Press).

The first official departure of the United State from the gold standard in more than fifty years was felt today throughout the world.

London. - Britain's reaction was puzzlement and extreme anxiety. The dollar value dropped heavily, at one time it was $3,90 to the pound. The British government rejected the theory that the United States took the step to provide itself with a bludgeon for the MacDonald-Roosevelt negotiations.

Paris. - Stocks jumped upward and the dollar closed on the Bourse at 22.45 francs, the lowest in more than seven years.

Berlin. - A high financial authority said that in the long run present fluctuations could not touch the dollar value, for the United States is the world's creditor. The dollar dropped.

Rome. - Large groups of American tourists called at banks and travel agencies seeking advice. The dollar dropped.

Vienna. - American travelers got 10 per cent less for their dollars than they did a few days ago.

New York. - The dollar continued its precipitate fall in the terms of foreign currency. The British pound registered an advance of 19 cents overnight.

 
The Hutchinson News
Hutchinson, Kansas
April 20, 1933


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