Money in the Western Legal Tradition: Middle Ages to Bretton Woods
David Fox (ed.), Wolfgang Ernst (ed.)
Published:
2016
Online ISBN:
9780191774041
Print ISBN:
9780198704744
Contents
- < Previous chapter
- Next >
Money in the Western Legal Tradition: Middle Ages to Bretton Woods
Chapter
Get access
Georges Sauser-Hall’s
Pages
770–788
-
Published:
January 2016
- Annotate
Cite Icon Cite
Cite
Sauser-Hall’s, Georges, 'Swedish Government Bonds, their Gold Dollar Clause, and the 1933 Roosevelt Act', in David Fox, and Wolfgang Ernst (eds), Money in the Western Legal Tradition: Middle Ages to Bretton Woods (
Close
Search
Close
Search
Advanced Search
Search Menu
Abstract
This chapter reproduces the opinion given by Georges Sauser-Hall in the arbitration proceedings between the US and Sweden. Franklin Roosevelt’s June 1933 decision to prohibit payment in gold triggered innumerable legal disputes all over the world. The protests were characterized by an intermingling of issues of monetary law, the law of obligations, and the conflict of laws. One such dispute concerned Swedish bonds, bought in 1924 by Forsakringsaktiebolaget Skandia, a Swedish insurance company. The Roosevelt Act and its prohibition of payment in gold, caused debtors to incur a loss equal to the devaluation of the dollar on the exchange markets. The insurance company brought an action against the Swedish National Debt Office to receive payment either in Swedish kroner or in paper dollars, not at the currencies’ nominal value, but in such a manner that payments made by the debtor should effectively cover the substantial value of the debt.
Keywords: arbitration award, Georges Sauser-Hall, United States, Sweden, Franklin Roosevelt, gold, monetary law, bonds, Forsakringsaktiebolaget Skandia, Roosevelt Act
Subject
History of Law
Collection: Oxford Scholarship Online
You do not currently have access to this chapter.
Sign in
Get help with access
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
Sign in Register
Institutional access
- Sign in through your institution
- Sign in with a library card Sign in with username/password Recommend to your librarian
Institutional account management
Sign in as administrator
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
- Click Sign in through your institution.
- Select your institution from the list provided, which will take you to your institution's website to sign in.
- When on the institution site, please use the credentials provided by your institution. Do not use an Oxford Academic personal account.
- Following successful sign in, you will be returned to Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
- Click Sign in through society site.
- When on the society site, please use the credentials provided by that society. Do not use an Oxford Academic personal account.
- Following successful sign in, you will be returned to Oxford Academic.
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
- View your signed in personal account and access account management features.
- View the institutional accounts that are providing access.
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing information
Advertisem*nt
Metrics
Metrics
Total Views 76
56 Pageviews
20 PDF Downloads
Since 10/1/2022
Month: | Total Views: |
---|---|
October 2022 | 7 |
November 2022 | 2 |
December 2022 | 6 |
January 2023 | 5 |
February 2023 | 5 |
March 2023 | 5 |
April 2023 | 4 |
May 2023 | 1 |
June 2023 | 6 |
July 2023 | 6 |
August 2023 | 7 |
September 2023 | 5 |
October 2023 | 6 |
November 2023 | 3 |
December 2023 | 3 |
January 2024 | 3 |
February 2024 | 2 |
Citations
Powered by Dimensions
Altmetrics
More from Oxford Academic
History of Law
Law
Books
Journals
Advertisem*nt