Gold Clause Cases

Gold Clause Cases
Gold Clause Cases
	Supreme Court of the United States
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) 55 S. Ct. 407; 79 L. Ed. 885; 1935 U.S. LEXIS 257; 95 A.L.R. 1352
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
	Chief Justice Charles E. Hughes Associate Justices Willis Van Devanter · James C. McReynolds; Louis Brandeis · George Sutherland; Pierce Butler · Harlan F. Stone; Owen Roberts · Benjamin N. Cardozo
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

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.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.