Dollar stabilized at $35 an ounce

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• Lords of Finance whole source · open book

  By the end of the year, Roosevelt had begun to tire of the game; and in January 1934 he agreed to stabilize gold at $35 to the ounce. The dollar had now been devalued by over 40 percent.

  chapter: 21. GOLD STANDARD ON THE BOOZE - 1933

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