What Happened After Franklin Delano Roosevelt Devalued the Dollar in 1934?
In early 1934 F.D.R. devalued the US greenback via increasing the price of gold by 69% ($20.67 to $35/oz). Within a few weeks nearly all of the nation’s economic indicators began to materially improve, indicating the beginning of the end of the Great Depression. See charts below: Price Levels (Inflation) – Vertical line is when FDR takes office Investment Commodity Prices Stock Market Prices Source of above charts: www.safehaven.com Some erroneously believe it was World War II that pulled us out of the Great Depression. Unfortunately, that is a popular myth! It was the draconian measures and efforts of F.R.D. that turned the US economy upward — starting in early 1934 as may be seen in the above charts. Nonetheless, it was indeed World War II that fueled the US to full production capacity and economic stability. US debt monetization = Dollar devaluation = Higher gold prices The implementation of President Obama’s 11 years of Trillion Dollar Budget Deficits will oblige the Federal Rese
