US Supreme Court upholds restrictions on ownership of gold

The Supreme Court upheld the New Deal in the gold clause cases, led by Chief Justice Hughes. The decision was close, with a 5-4 split, and resulted in a government victory. This decision had mixed reactions; while stocks rose in New York, some, like Norman C. Norman, were unhappy, fearing government control over money value. Senate Leader Robinson expressed satisfaction, believing it would positively impact economic conditions.

What was the outcome of the Supreme Court's decision on the gold clause cases?

• The decision was postponed.

• The decision was unanimous.

• The government won the cases.

• The government lost the cases.

How did the stock market in New York react to the Supreme Court's decision?

• Stocks rose.

• Stocks were volatile.

• Stocks remained unchanged.

• Stocks fell sharply.

Who was Norman C. Norman in relation to the gold clause cases?

• A Senate Leader.

• A Supreme Court Justice.

• A stock market analyst.

• A person who brought one of the test cases.

What was Senate Leader Robinson's reaction to the Supreme Court's decision?

• He was disappointed.

• He was confused.

• He was indifferent.

• He was satisfied.

What did the Supreme Court's decision imply about the government's power over money value?

• The government needs approval to change money value.

• The government can only increase money value.

• The government can depreciate money value as it wishes.

• The government cannot change money value.