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House joint resolution 192 was then passed by congress on june 5, 1933 Hawaii house concurrent resolution 192 hi state legislature page for hcr192 summary sponsors texts votes research comments track This law was passed to do away with the gold clause in the constitution and in all public and private contracts

1933 was also when the united states went bankrupt, which was not the first time that it went bankrupt. Instead, all debts could only be “discharged” by offering a sufficient amount of “federal reserve notes”. Requesting the department of business, economic development, and tourism to establish a native hawaiian economic development working group.

House joint resolution 192, passed in 1933, marked a pivotal moment in u.s

Monetary policy during the great depression The resolution was part of the broader response to the financial crises of the great depression. In 1933, the powers that be in america made it against the law to pay debts with gold, known as house joint resolution 192

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