So when the dollar’s convertibility into gold was suspended, the value of that debt soared, threatening many institutions’ survival. President Roosevelt’s administration declared the clause invalid, forcing debt forgiveness.
这样的大胆举动有过先例。在大萧条时期，许多债务合同与黄金挂钩。因此，当美元与黄金之间的兑换暂停的时候，债务的价值猛增，威胁到许多机构的生存。罗斯福总统政府宣布该条款无效，迫使了债务免除。