The Gold Standard Act of 1900 Learn about the Gold Standard Act of 1900, which officially established gold as the only standard for redeeming paper currency in the US. Discover the history, impact, and criticisms of this federal law.
President Franklin D. Roosevelt Executive Order 6102 Learn about Executive Order 6102 issued by President Franklin D. Roosevelt in 1933, which made it illegal to own gold and helped stabilize the US economy during the Great Depression. Discover the impact of this order on US monetary policy and citizens’ property rights, and how it changed the course of history.
Why did gold surge during the deflationary period after great depression? Read about the reasons behind the surge in gold prices during the deflationary period after the Great Depression. Learn about factors such as loss of confidence in the US dollar, government policies, and geopolitical uncertainty that led investors to seek the safe haven of gold.