09 Nov 1933
Page 1
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Newspaper
Titonka Topic
Location
Titonka, Iowa, United States of America
Date
Nov 09, 1933
Page
1
President Roosevelt convened financial experts including Warren of Cornell and Rogers of Yale to discuss a dollar depreciation strategy and world gold purchases. The aim is to revalue the dollar and implement a managed currency, with potential multi‑billion inputs and cross‑border market effects across France Britain and other nations.
Washington. President Roosevelt moves to buy newly mined gold at above world prices, aiming to weaken the dollar and lift farm and commodity prices. The plan, described as a step toward a managed currency, is treated as an experiment with uncertain results by monetary experts.
United Airlines reports completing 12,445,060 miles with over 9,000,000 on coast-to-coast routes. The airline claims it carried more flights than any other transport company worldwide, with 86 percent of mileage on scheduled services. Officials expect 1983 mileage to exceed the 1982 total by a wide margin.
Fragmentary Washington Star dialogue shows Senator Sorgtian saying some promises will be kept, with a reply about keeping all promises. The text reflects a political exchange and emphasizes tentative commitments amid a broader policy discussion.
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