Today in History: FDR and Congress Take U.S. off the Gold Standard
On April 5, 1933, President Franklin D. Roosevelt signed Executive Order 6102 “forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” The effect of the order was to criminalize the possession of monetary gold by any individual, partnership, association or corporation. Two months later, on June 5, 1933, Congress passed…