Open in browserIn browser
Card IX-3: DEVALUATION DAY – Roosevelt signs the Gold Reserve Act. The monetary gold of the United States goes to the Treasury. The next day, he raises the gold price from $20.67 to $35 an ounce. Afterwards, a dollar is worth 41% less gold.

Anniversary · 30 January · THE ARCHIVE

Roosevelt signs the Gold Reserve Act. The monetary gold of the United States goes to the Treasury. The next day, he raises the gold price from $20.67 to $35 an ounce. Afterwards, a dollar is worth 41% less gold.

DEVALUATION DAY · GOLD RESERVE ACT · 30.01.1934

Open in the web app

Turn it over, answer, sign – free, no account.

Source

Fact · Federal Reserve History, “Gold Reserve Act of 1934”, 30 January 1934; gold price of $35 per Proclamation 2072, 31 January 1934 (cited there)

Open source · federalreservehistory.org ↗

The question on the back

When did you last notice your money buying less?