Chapter 6: Tax Rates and the Persistence of the Great Depression

1. The challenge to the gold confiscation order in the gold-clause contract cases before the Supreme Court after 1933 is discussed in Chapter 22 of Richard Timberlake’s landmark Constitutional Money: A Review of the Supreme Court’s Monetary Decisions (New York: Cambridge University Press, 2012), here behind a paywall.

2. The transcript of Henry Morgenthau’s comments on the administration’s not fulfilling the promises of the New Deal by 1939 is here.