Devaluation of the dollar and stabilization fund: Correspondence between the chairman of the Committee on banking and currency, United States Senate, and the secretary of the Treasury concerning certain questions relative to (S.910) a bill to extend th time within which the powers relating to the stabilization fund and alteration of the weight of the dollar may be exercised ....
United States. Congress. Senate. Committee on Banking and Currency, United States. Dept. of the Treasury
U.S. Govt. print. off., 1939 - Business & Economics - 20 pages
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$35 an ounce 15 billion dollars American securities balance of international balance of payments balance of trade business activity capital inflows capital movements commodity and service currencies in terms December 22 decrease demand for dollar depreciation disturbances dollars of gold economic exchange rates exports over imports Federal Reserve Bank fixed price flow of capital flow of gold foreign currencies foreign exchange foreign exchange market gold certificate credits gold comes gold content gold inflow gold reserves gold value guilder Henry Morgenthau higher price international payments investments large amounts large inflow level of business loss of gold March 15 monetary system movement of gold national income ounce of gold outflow percent power to devalue pre-1933 gold standard price level price of gold profits purchasing power question recovery sells gold settling international balances situation STABILIZATION FUND sterling sterling price substantial trade balance United United States Senate value of gold world's gold