Friday, April 19, 2013

This Day in History April 19, 1933

Well, this may have been the real beginning of our continued financial woes.  On this date in 1933, President Franklin Roosevelt made the announcement that America would be suspending gold exports to other countries.  In other words, we went off the gold standard.  No longer did our money have to be backed by gold.  It devastated the value of the American dollar abroad, but it stabilized it here at home.

For more info:
http://famousdaily.com/history/us-goes-off-gold-standard.html
http://www.brainyhistory.com/events/1933/april_19_1933_91943.html
http://en.wikipedia.org/wiki/April_1933#April_19.2C_1933_.28Wednesday.29
http://www.sightm1911.com/lib/other/april19.htm

4 comments:

  1. i would rahter have it stablized here than over seas!!! :)

    ReplyDelete
  2. Visit and follow from Happy Friday Blog Hop.
    Thanks for link up at my blog.
    Have a nice day.
    Nan
    http://www.blogshe.net

    ReplyDelete
  3. I am clueless when it comes to financial things, I appreciate the post explaining the gold standard and the history lesson.

    ReplyDelete
  4. yes, I do this Dead On This Day Everyday. started it on Associated Content, thanks for the visit

    LeRoy

    ReplyDelete

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