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January 6, 2014
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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:
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often..
rachelle madrigal
www.imarksweb.org
Odd that I get spammers on this post, maybe it's b/c of YouTube?
Same spammer, too,from the looks of the name. I'll leave your comments up f/ now, but I'll do some research and if I find out there's something untoward/shady (other than simple spam), I'll contact WordPress.
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