Search results
Results from the WOW.Com Content Network
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.
Economic regulation again appeared before the Supreme Court in the Gold Clause Cases. [20] In his first week after taking office, Roosevelt closed the nation's banks, acting from fears that gold hoarding and international speculation posed a danger to the national monetary system. He based his actions on the Trading with the Enemy Act of 1917. [21]
The Legal Tender Cases were two 1871 United States Supreme Court cases that affirmed the constitutionality of paper money. The two cases were Knox v. Lee and Parker v. Davis. The U.S. federal government had issued paper money known as United States Notes during the American Civil War, pursuant to the terms of the Legal Tender Act of 1862.
Washington State Apple Advertising Commission, 432 U.S. 333 (1977), was a case in which the Supreme Court of the United States unanimously struck down a North Carolina law prohibiting the sale of apples in closed containers marked with any apple grade other than the United States Department of Agriculture grade.
The plaintiffs in all cases received paper money, instead of gold, despite the contracts' terms. The contracts and the bonds were written precisely to avoid currency debasement by requiring payment in gold coin. The paper money which was redeemable in gold was instead irredeemable based on Nortz v. United States, 294 U.S. 317 (1935).
Only once was that clause brought before the Supreme Court — in 1935, when the plaintiff was an investor demanding that the government redeem his Treasury bonds in gold, as had been promised ...
Juilliard v. Greenman, 110 U.S. 421 (1884), was a Supreme Court of the United States case in which issuance of greenbacks as legal tender in peacetime was challenged. The Legal Tender Acts of 1862 and 1863 were upheld. Augustus D. Juilliard sold and delivered 100 bales of cotton to Thomas S. Greenman [1] for $5,122.90. Greenman tendered $5,100 ...
McCabe v. Atchison, Topeka & Santa Fe Railway Company, 235 U.S. 151 (1914), was a United States Supreme Court case in which the Court ruled that an Oklahoma law was unconstitutional insofar as it did not provide dining cars and other luxury accommodations for African-American passengers, however the Court also ruled that the litigants were not entitled to equitable relief because they lacked ...