Gold Clause Cases

Gold Clause Cases
Argued January 8–10, 1935
Decided February 18, 1935
Full case nameNorman v. Baltimore & Ohio R. Co;
United States v. Bankers Trust Co.;
Nortz v. United States;
Perry v. United States
Citations294 U.S. 240 (more)
55 S. Ct. 407; 79 L. Ed. 885; 1935 U.S. LEXIS 257; 95 A.L.R. 1352
Holding
Congress has power expressly to prohibit and invalidate contracts, although previously made and valid when made, when they interfere with carrying out any monetary policy Congress is free to adopt.
Court membership
Chief Justice
Charles E. Hughes
Associate Justices
Willis Van Devanter · James C. McReynolds
Louis Brandeis · George Sutherland
Pierce Butler · Harlan F. Stone
Owen Roberts · Benjamin N. Cardozo
Case opinions
MajorityHughes, joined by Brandeis, Stone, Roberts, Cardozo
ConcurrenceStone
DissentMcReynolds, joined by Van Devanter, Sutherland, Butler
Laws applied
U.S. Const. art. I, § 8, cl. 3.;
U.S. Const. art. I, § 8, cl. 5.;
U.S. Const. art. I, § 8, cl. 18.
U.S. Const. amend. XIV
Bond coupons payable in gold

The Gold Clause Cases were a series of actions brought before the Supreme Court of the United States, in which the court narrowly upheld the Roosevelt administration's adjustment of the gold standard in response to the Great Depression.


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