Act Quote by Thomas Woods
“The Emergency Banking Act reached back in time to amend the Trading with the Enemy Act of 1917, which had originally been intended to criminalize economic intercourse between American citizens and declared enemies of the United States.”
About This Quote
Source Book: “The Politically Incorrect Guide to American History”, 2004
The Emergency Banking Act updated the 1917 Trading with the Enemy Act, originally meant to criminalize economic ties with enemies.
In simple terms: A 1933 law revised an older law that targeted trade with enemies.
Key Takeaway
Understand historic legal updates.
Themes
legal history
economic policy
war legislation
Mood
analytical
critical
Type
historical
educational
When to use this quote
- academic study
- policy analysis
- historical research
Key Concepts
law revision
national security
financial regulation
Questions to Reflect On
- What modern laws need updating?
- How do wartime statutes affect peacetime economies?
A Different Perspective
Older laws may become outdated; revisions can be controversial.
