Why did President Roosevelt issue an executive order removing the right, prohibiting ownership of gold bullion and gold coins in April of 1933?
2007-02-06 13:12:30 · 4 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
It was due to the Depression. He wanted to prevent the devaluation of currency by adhering to the gold standard. You can read details at the link below.
2007-02-06 13:15:30 · answer #1 · answered by kilauea0612 4 · 1⤊ 0⤋
That was during the great depression and in order for control of the money. It might have gotten into the wrong hands.
2007-02-06 21:34:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
He did a lot of acid back in the hippie days. It seemed like a good idea at the time.
2007-02-06 21:34:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
He was saving the economy from the great depression.
2007-02-06 21:42:49 · answer #4 · answered by Paula P 2 · 0⤊ 0⤋