Apart from the New Deal programs meant to put people to work and get the economy moving, the Roosevelt Administration also moved to restore confidence in banking and in the stock market.
And even after the banks reopened, they still weren’t selling gold for dollars. Was the US still on the gold standard? No, as it turns out, and in fact Americans will be barred from owning gold until 1974.
- Listen now:
Playlist:
Fanfare
Opening Theme
“Blues for Mundy“
Composed by Rick Whitehead. Public domain.
Performed by The United States Air Force Band Airmen of Note. Public domain recording. Source.
“A Bird in a Gilded Cage“
Composed by Arthur J. Lamb and Harry Von Tilzer. Public domain.
Closing Theme
Except when otherwise indicated, the contents of this podcast are © and ℗ 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 by Mark Painter, all rights reserved. Some music and sound effects used by arrangement with Pond 5.