-- On this infamous date in 1933, Congress enacted a joint - TopicsExpress

-- On this infamous date in 1933, Congress enacted a joint resolution that nullified the right of creditors to demand payment in gold, even if the contracts they had made specifically stipulated it. Many Americans are taught that this was somehow necessary for economic recovery, though theres utterly no evidence for it. Such a claim also ignores all the other massive interventions that had caused and extended the Great Depression.

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