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 significance of the Supreme Court's decision regarding the gold clause cases?

How did the decision of the Supreme Court affect the stock market in New York?

What concerns did Norman C. Norman express regarding the government's ability to depreciate money?

What was Senate Leader Robinson's reaction to the government's contentions?

In what way did the Supreme Court's ruling have a wholesome effect on economic conditions?