VIDEO: DEPRESSION SMALL SIZE PAPER MONEY

Sundman Lecture Series If ever there was monetary excitement paralleling our current economic situation, it was the Great Depression. The U.S. banking system had collapsed, money was being hoarded, and commerce had slowed to a crawl. Today's bailouts were attempted back then under the guise of emergency issues of currency - cheap money that governments and institutions hoped would stimulate circulation and commerce.

Peter Huntoon is a noted expert on U.S. paper money and author of books and scholarly articles. He is a longtime instructor at the ANA's Summer Seminar. In this video presentation you will see and hear:

• The Great Depression and its effects on society
• How the stock market was affected
• Emergency Banking Relief Act passed by Roosevelt on March 9, 1933
• Actions by the Federal Reserve and the issue of bank notes
• Issuance of Executive Order of April 5, 1933 that confiscated gold
• What caused the silver certificates of 1933 to be issued and why they are so rare
• Gold Reserve Act of 1934 and new authority given to the President
• Reasons of examples for the issuance of the small size notes of 1933 and 1934
• Foreign Exchange Stabilization fund

Speaker(s): Peter Huntoon.

To watch the complete video, see:
Small Size Paper Money: Emergency Money of the Great Depression (https://youtu.be/Agd9wdBZpso)
Small Size Paper Money: Emergency Money of the Great Depression (https://nnp.wustl.edu/library/book/557337)

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