Word: embargoing
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Dates: during 1930-1939
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...standard of value'' But President Roosevelt had forbidden all payments in gold on all obligations, public or private. U. S. certificate-holders got paper dollars still nominally worth 100? while foreigners were asked to take paper dollars worth only 84? in their currency. The President's embargo likewise prevented gold exports to meet the June 15 Liberty Loan interest payments abroad, despite the "gold clause" in these bonds...
...gold standard? Foreign governments could withdraw less than $700,000,000 of our gold, which would leave us an ample fund. . . . The suggestion that we may devalue the gold dollar 50% means national repudiation. It means dishonor! It is im- moral! . . . There never was a necessity for a gold embargo, for making statutory criminals of citizens who may please to take their property in gold out of banks. . . . "If there were need to go off the gold standard, very well, I would say let us go off. But there has been no need. If there were need for currency expansion...
...increased. Said Chancellor Chamberlain: "Some time ago I decided it would be necessary to make an addition to the reserve of the account and later I propose to ask the House of Commons to grant it. ''There is no connection between the American action in restoring the embargo on the export of gold and the increase in our exchange [fund] which was decided upon long before we had any conception that the United States Government might abandon the gold standard. . . ." These were soft words for foreign consumption. Hardly was the speech finished before Lombard Street tipsters were insisting...
Matches. Bolstering the Russian embargo the duty on foreign matches is upped from 4s 4d to 4s 9d per gross of containers. Imported cigaret lighters will pay a tax of 1s 6d each, a 200% increase. Domestic lighters will be taxed 1s, a 100% increase...
...evidence through the fairness of legal procedure. . . . Taking the whole history of the case and the passion raised on both sides the court seems to have tried according to its lights and has been conciliatory. ... In no case will the Government be justified in employing force in applying an embargo on Russian imports or breaking off diplomatic relations...