Item Info
Media Type: Cartoons (Commentary)
Source: Print and Picture Collection
Notes:
"President Roosevelt is going ahead with his gold control monetary program, it was made known here tonight in the only reaction to the protesting resignation of O. M. W. Sprague as special adviser to the treasury."
- "Policy Backed by Roosevelt." The Cornell Daily Sun 22 Nov. 1933: 1. Print.
"The United States had been on a de facto gold standard since the 1830s and de jure gold standard since 1900. In 1913 the gold standard was built into the framework of the Federal Reserve.... During the financial crisis of 1933 that culminated in the banking holiday in March 1933, large quantities of gold flowed out from the Federal Reserve.... In March 1933, when the Federal Reserve Bank of New York could no longer honor its commitment to convert currency to gold, President Franklin Roosevelt declared a national banking holiday.
"The Roosevelt administration’s policies regarding gold responded to this crisis. The policies unfolded through three phases."
- "Roosevelt's Gold Program." Federal Reserve History. Web. 23 Nov. 2015. http://www.federalreservehistory.org/Events/DetailView/24.
Notes:
Created for Evening Public Ledger, date unknown.
Creator Name: Sykes, Charles Henry, 1882-1942 - Artist