My amendment was defeated. So it could scarcely be said a year later. with any degree of consistency. that the goldembargo order was necessitated by depreciated foreign currencies. Had the administration desired to lower our tariffs. as pledged in their platform. one of the best ways to have accomplished it without legislation would have been to continue on the gold standard. for with the manipulation of degraded foreign money Europeans. as well as Asiatics. were finding a ready access to our markets. so much so that manufacturers and industrial workers were complaining that they could not operate their plants against such competition. What. then. was the real reason for the hasty goldembargo order of April 20? No one knows. except that it was then strongly indicated that those in control of the proposed superbank at Basle. as the prospective citadel of a financial league of nations. had something to do with it.
Keywords matched
Asiatics