An assessment of the causes of the abandonment of the gold standard by the U.S. in 1933

Presents an investigation of the pressures on the United States to devaluate the dollar against the franc and gold in the early 1930s. Calculation of monthly time-series of realignment expectations; Role of macroeconomic events for jolting the U.S. off the gold standard; Barrier to Federal Reserve in its response to the Depressions by the U.S. commitment to gold