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
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