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Re: Money

At 11:31 AM 04/14/1997 -0700, you wrote:
>> Someone wrote:
>>         BTW:  Up until recently, U.S. currency had a statement that
essentially
>> said that you could take the currency to the U.S. mint and redeem it for
>> gold and silver.  Anyone know when the currency was changed?  (I think
>> it was 1950'ish).
>
>I thought it was just after the crash.  Early thirties.
>TTFN
>Ron Hale

	We went off the gold standard when FDR rammed repeal through congerss in
the depression.  Money had lost its appeal, after he closed the banks,
which made the crisis worse, due to loss of confidence in ALL banks.
People switched to gold whenver possible.  The new law made it illegal to
hold gold as coin or bullion.  Silver certificates came later, and
circulated until the 50s. The gold hording act was eventually repeaeled.


			
				Walter M. Rauch

			  Advanced Tactical Group, LTD.