Gold Clause Cases
1935 United States Supreme Court case / From Wikipedia, the free encyclopedia
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The Gold Clause Cases were a series of actions brought before the Supreme Court of the United States, in which the court narrowly upheld the Roosevelt administration's adjustment of the gold standard in response to the Great Depression.
Quick Facts Gold Clause Cases, Argued January 8–10, 1935 Decided February 18, 1935 ...
Gold Clause Cases | |
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Argued January 8–10, 1935 Decided February 18, 1935 | |
Full case name | Norman v. Baltimore & Ohio R. Co; United States v. Bankers Trust Co.; Nortz v. United States; Perry v. United States |
Citations | 294 U.S. 240 (more) |
Holding | |
Congress has power expressly to prohibit and invalidate contracts, although previously made and valid when made, when they interfere with carrying out any monetary policy Congress is free to adopt. | |
Court membership | |
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Case opinions | |
Majority | Hughes, joined by Brandeis, Stone, Roberts, Cardozo |
Concurrence | Stone |
Dissent | McReynolds, joined by Van Devanter, Sutherland, Butler |
Laws applied | |
U.S. Const. art. I, § 8, cl. 3.; U.S. Const. art. I, § 8, cl. 5.; U.S. Const. art. I, § 8, cl. 18. U.S. Const. amend. XIV |
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