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September 28, 2008
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![]() ![]() US President Franklin D. Roosevelt Forbids Hoarding of Gold (1933)Executive Order 6102 required US citizens and businesses to turn in all but a small amount of gold to the Federal Reserve in exchange for $20.67 per ounce. It came in the midst of a banking crisis, when the stability of paper currency was in doubt. Consequently, many tried to withdraw their money and redeem it for gold, which was considered safer. However, there simply was not enough gold in the US—or the world—to cover the nation's debts. How many people were prosecuted for violating the order? More... Discuss |
2 comments:
The Cowboys played great in yomu spurts, but I cannot watch them when they do so poorly every other play. I watched until halftime, then got up and vacumned my bedroom.
Hate for them to lose to Washington.
yomu? Where the hell did that come from?
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