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Why Gold-Backed Currencies Help Prevent Wars
By Ferdinand Lips - October 14, 2002
The context I will start my talk with an allegation. You have gathered here for a specific reason. You have come be­cause the gold standard was given up in 1914 at the beginning of World War I.
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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

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