Word: embargo
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...President Roosevelt abruptly swept the U. S. off the gold standard and let the dollar coast down toward the depreciated currency levels of 34 foreign powers. Domestic economy controlled the President's action but there was hardly a country on earth that did not see in his gold embargo order a slick trick in world finance. This opinion was intensified by the fact that he had moved only two days before beginning his White House conferences preparatory to the World Economic Conference...
...definitely off the gold standard and headed it in the direction of currency inflation. There was no formal statement and the newshawks, scribbling frantically to catch his husky words, were warned that they could not direct-quote the President. But there was the stark fact: the President was embargoing the export of gold. It meant that the dollar, no longer convertible into gold, would have to shift for itself in foreign exchange and seek its own level downward. Was this a sudden decision by the President? No, he had planned the embargo order four days before. What was his primary...
...Typical of stocks which last week hit their 1933 highs as a result of the gold embargo and subsequent developments were: 1933 1933 Low High U. S. Steel 23⅜ 44½ General Motors 10 18⅞ International Nickel 6¾ 15 American Can 49½ 7 6 Homestake 145 204⅞ Anaconda Copper 5 15⅛ Liggett & Myers 49 ½ 79 National Lead 43¼ 90 Utah Copper 35 60 New York Central...
...validity of the embargo, under the recent Russian imports prohibition act, is limited to three months unless renewed. GOD SAVE THE KING...
...verdict of Guilty will almost certainly be pronounced, a verdict that will flame in every Soviet newspaper, BUT this verdict may be appealed to the Presidium of the Union Central Executive Committee which has the power to transmute death or prison sentences to deportation from Russia-IF the British embargo is not proclaimed and a new trade agreement is signed...