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Re: OFF TOPIC - inflation and railroad ticket prices and costs

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GeorgeGaskill

April 23, 2016 01:19AM

Registered: 16 years ago
Posts: 1,873

6) With the onset of the Great Depression, FDR was elected for change. One of his first acts (by presidential order) was to change the way the dollar functioned. Silver Certificates were no longer honored. (I am not sure if there were ever gold certificates.)

There were gold certificates and they were called in at this time. Silver certificates were honored (redeemable as actual silver coin or bullion) until 1968 when they effectively were converted into Federal Reserve Notes (common paper money with no silver backing.)

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Subject	Author	Posted
OFF TOPIC - inflation and railroad ticket prices and costs	dougvv	April 20, 2016 11:51PM
Re: OFF TOPIC - inflation and railroad ticket prices and costs	RDannemann	April 21, 2016 04:01PM
Re: OFF TOPIC - inflation and railroad ticket prices and costs	dougvv	April 22, 2016 01:59AM
Re: OFF TOPIC - inflation and railroad ticket prices and costs	dougvv	April 25, 2016 02:43PM
Re: OFF TOPIC - inflation and railroad ticket prices and costs	GeorgeGaskill	April 23, 2016 01:19AM
Re: OFF TOPIC - inflation and railroad ticket prices and costs	hank	April 23, 2016 11:03AM
Re: OFF TOPIC - inflation and railroad ticket prices and costs	GeorgeGaskill	April 25, 2016 03:16AM

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488 stops for water at Los Pinos tank on closing day Oct. 1979. Photo courtesy Don Richter

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