UNITED STATES OFF GOLD STANDARD
RESTORATION OF THE EMBARGO
CONTROL OF PRICE LEVELS
(United Press Association —By Electric Telegraph—Copyright.) (Received April 20, 8.30 a.m.) WASHINGTON, April 19. President Roosevelt announced on Wednesday the restoration of the gold embargo as a move to improve domestic commodity prices. . This is the first step in the campaign which President Roosevelt has undertaken to establish a controlled price level and controlled credit to counteract deflation. ■ The word "inflation" is not particularly in the Roosevelt vocabulary, as he maps his campaign to improve the domestic situation. Rather he prefers to speak of "controlled new price levels." Additional steps are in prospect. The President is waiting to see the effect of Wednesday's move on gold, however, to determine the extent of his next step.' (Received April 20, 10.30 a.m.) " WASHINGTON, April 19. Mr. W. Woodin, Secretary of the Treasury, says the United States is off the gold standard. (Received April 20, noon.) WASHINGTON, April 19. Mr. Woodin, Secretary of the Treasury, said Wednesday's action of the President in forbidding the export of gold had sent the United States off the gold standard. '
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19330420.2.66
Bibliographic details
Evening Post, Volume CXV, Issue 92, 20 April 1933, Page 11
Word Count
186UNITED STATES OFF GOLD STANDARD Evening Post, Volume CXV, Issue 92, 20 April 1933, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in