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...they could not direct-quote the President. But there was the stark fact: the President was embargoing the export of gold. It meant that the dollar, no longer convertible into gold, would have to shift for itself in foreign exchange and seek its own level downward. Was this a sudden decision by the President? No, he had planned the embargo order four days before. What was his primary purpose? To raise domestic commodity prices and halt the grueling pressure of deflation. If the dollar depreciated 10% in the world market, cotton, for example, should automatically appreciate by the same amount...

Author: /time Magazine | Title: National Affairs: Riding the Wave | 5/1/1933 | See Source »

Smallest player on the Toronto Maple Leafs hockey team is their reserve right wing, 137-lb. Ken Doraty. In a way his insignificant appearance is an advantage: opposing defensemen find it hard to be prepared for the sudden bursts of speed his short legs can achieve. A bigger man is a better target for a bodycheck. Last fortnight little Doraty, at the end of his first year in major league hockey, did something that should insure him more: he ended an historically long game (2 hr. 44 min. 46 sec.) by scoring the goal against the Boston Bruins that...

Author: /time Magazine | Title: Sport: Stanley Cup: Apr. 24, 1933 | 4/24/1933 | See Source »

...agreed with Commander Wiley that a sudden down-current of air forced the Akron's tail into water, and that that broke the ship...

Author: /time Magazine | Title: Aeronautics: Akron Aftermath (Cont'd) | 4/24/1933 | See Source »

...girls-green wool and cotton uniforms, white crepe de chine evening dresses, riding habits. They had no place to sleep; nor did 80 other girls. For two days prior "Beaverbrook," a stately brick building that contained classrooms, offices, dining room, sleeping quarters, had been gutted by a brisk, suspiciously sudden fire. Most of Miss Walker's girls had to be put up that night at an inn, a country club, in homes in Simsbury and Farmington...

Author: /time Magazine | Title: Education: Fire in Simsbury | 4/24/1933 | See Source »

...Reasonable limitations" to control the sudden shifting of large commercial deposits (which aggravated the spread of the banking crisis...

Author: /time Magazine | Title: Business & Finance: Bankers' Wisdom | 4/24/1933 | See Source »

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