The purpose and effect of GOLD CLAUSES such as that contained in the CONVENTION were not only well known in this country at the time the United States adhered to the CONVENTION, BUT such GOLD CLAUSES WERE ALSO ACTUALLY MADE UNLAWFUL in 1933. CONGRESS DECLARED that "every provision contained in or made with respect to any obligation which purports to give the obligee a right to require payment in GOLD or a particular kind of coin or currency, or in an amount in money of the United States measured thereby,

 

The purpose and effect of GOLD CLAUSES such as that contained in the CONVENTION were not only well known in this country at the time the United States adhered to the CONVENTION, BUT such GOLD CLAUSES WERE ALSO ACTUALLY MADE UNLAWFUL in 1933. CONGRESS DECLARED that "every provision contained in or made with respect to any obligation which purports to give the obligee a right to require payment in GOLD or a particular kind of coin or currency, or in an amount in money of the United States measured thereby,