Franklin Roosevelt and the New Deal Explained — Fexingo History
In 1933, President Franklin D. Roosevelt took the United States off the gold standard, canceled gold clauses in public and private contracts, and devalued the dollar. When bondholders sued, the Supreme Court had to decide whether Congress could abrogate existing contracts. Lucas and Luna explore the legal and political drama of the Gold Clause Cases (Norman v. Baltimore & Ohio Railroad Co., Nortz v. United States, and Perry v. United States), the role of Justice James Clark McReynolds, and the Court's delicate balancing act that ultimately upheld Roosevelt's monetary policy. This episode dives into the constitutional questions of contract clause, sovereign power, and the limits of judicial review during the New Deal. #FDR #NewDeal #GoldClauseCases #SupremeCourt #GoldStandard #JamesMcReynolds #NormanBaltimore #PerryUS #NortzUS #HughesCourt #ContractClause #MonetaryPolicy #1935 #ConstitutionalLaw #AmericanHistory #FexingoHistory #GreatDepression #History Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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