| − | In May 1933, the Thomas Amendment to the [[Agricultural Adjustment Act]] (AAA) was passed, giving the president the authority to increase the money supply by $3 billion in unbacked bills and to reduce the value of the gold dollar by up to half. In June, a supine Congress delivered to FDR the joint resolution he had equested, forbidding private debtors to fulfill their obligations in gold and relieving the government of its own sworn obligations. <ref>''The New Ordeal'', Freeman Tilden, The North American Review, v. 239, February 1935, p. 131-7.</ref> | + | In May 1933, the Thomas Amendment to the [[Agricultural Adjustment Act]] (AAA) was passed, giving the president the authority to increase the money supply by $3 billion in unbacked bills and to reduce the value of the gold dollar by up to half. In June, a supine Congress delivered to FDR the joint resolution he had requested, forbidding private debtors to fulfill their obligations in gold and relieving the government of its own sworn obligations. <ref>''The New Ordeal'', Freeman Tilden, The North American Review, v. 239, February 1935, p. 131-7.</ref> |