THE PRESIDENCY: Receiving the World

Around the world last week rang out cries of dismay and outrage when 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...

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