Why We Left The Gold Standard?

Why We Left The Gold Standard?

In 1933, US government seized all gold bullion in personal ownership under ‘Executive Order 6102.’ The seizure was enacted to mitigate the economic hardship of the Great Depression using a wartime "trading with the enemy" law from 1917 which is still in force today. Franklin D. Roosevelt went against the wishes of all of his economic advisors and took the US off of the gold standard. Today this move is credited as being 90% of the reason the US got out of the great depression.

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