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Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States."
Treasury holdings of gold in the US tripled from 6,358 in 1930 to 8,998 in 1935 (after the Act) then to 19,543 metric tonnes of fine gold by 1940. [3] The revaluation of gold referenced was an active policy decision made by the Roosevelt administration in order to devalue the dollar. [4]
As the rooster was made of solid gold, the United States Treasury seized it on the grounds that it was illegal under the Gold Reserve Act of 1934 which prohibited private ownership of more than 50 ozt (1.6 kg) of gold in the United States. [2] The owner challenged the seizure in court and the jury found in favor of the statue. [3] [4]
The U.S. government made several different gold coins between 1795 and 1933, according to an article by the United States Mint. These included a $2.50 quarter eagle coin, $5 half eagle coin, $10 ...
The Gold Clause Cases were a series of actions brought before the Supreme Court of the United States, in which the court narrowly upheld the Roosevelt administration's adjustment of the gold standard in response to the Great Depression.
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These timelines of world history detail recorded events since the creation of writing roughly 5000 years ago to the present day. For events from c. 3200 BC – c. 500 see: Timeline of ancient history; For events from c. 500 – c. 1499, see: Timeline of post-classical history; For events from c. 1500, see: Timelines of modern history
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