The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-04-21
EDITORIALS
The Gold Standard Is
At An End


shipments from the United States admission that the dollar
definitely of gold
March when Roosevelt proclaimed the
holiday then suspended" gold shipments
above the
gold point that the full effect of this departure from gold was felt
This definite abandonment OF the goo standard not as some con-
beginning nflatonary registers the
initiation This
clearly seen IN the soaring oil commonly prices Whch means dig
the beating
of life of the toiing of this country
On top of money
through drastic beating real
Banking through the first days of the
administration precisely initiation
already under and the government recognizing the necessity for it.
wanted to be in position as it now Is to carry out to an enormous
the the basis OF worthless bank
deposits
gold every other
ruling capitalist Of the crisis only results
further sharpening all the conflicts that shaking the capital
N world With the drastic narrowing OF the world market IN race OF
devastating of all time the mperast
the ercet struggles between themselves for what remains OF
abandonment OF
country resultant and the of
general st gold standard
vanshes with the u s a going off gold
The tremendous drop compared
places the United States in position to further challenge
worldwide economic conflict that
between the two greatest mpenahst powers
gutter publications of Hearst hail with delight this aspect OF
abandonment of the gold standard and initiation Says the New
YorkA
~By supending gold payments
pletey stymed manpulatOns
HAVE BEEN THE MAJOR DEPRESSING INFLUENCE
PRICES wild uprush in the British pound
sterling the British themselves had been
the rate in order to affect adversely all commodity
prices"
william Hilman the Universal News correspondent
London cables following high government official
Britain:
president Roosevelts most startling in
There is no question that will
commodity and cut in on British trade
AS to the stunned by
resrted to the always comic attempt to apply
morality selfrespectng currency would act
the way the dollar performing Further
explained that Paris anticipates world money battle
hetwee States and Britain.
That the alarm in England is genuine is naeo py ne
British financial circles that the United States deliberately aDa
dond the standard Britain of what had hth
conference 1t is also thought that TINS wiz be large
tor forcing Switzerland off the gold standard IN
immediate future This likely TO happen az any Time "
the heavy drain Of French gold TO the Bank Oh Eano %cn
with the most terrible effects the
toilng masses of every country
In an effort support its policy the soks
Roosevelt administration are putting forth propaganda 70
effect that will result IN an increase IN export trace Is
markets be found The markets that already
and for the United States to make
iroad them means to undernlo those countries already
them that will have the effect Of charging
highest the home market in order to offset the
enaed competition with mpeast rivals in the foreign
the fact stressed at the Twelfth Plenum
the Communist International that there
purely out of the crisis for capitalism
oIng in the colonies and semi
colonies preparations mp rivals abroad and
Unionte capitalism tries to find out
Of its crisis AS their own economic systems their
stable economic country stable the
uode soviet Union and its chervonezand sharpening
and to try to find tenn
poay the of the workers and peasants state
be lost in wagng determined and
struggle against the hunger and war program OF
the capitalist class
devastating mpeaist the
tong decisive struggles that must
ending the crisis the only can end in behalf OF
the mases-he revolutionary