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<p>[QUOTE=&quot;Conder101, post: 4185549, member: 66&quot;]They felt they needed that.&nbsp; Even though not directly convertible the paper money still had some gold backing.&nbsp; Due to the depression the government needed to do a lot of spending which meant the need for more paper money.&nbsp; Nearly doubling the value of gold meant they could back twice as much paper and the high price we offered meant more gold flowed into the government coffers which meant even more paper could be backed and issued.[/QUOTE]</p><p><br /></p>

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