In 1933, Roosevelt, confiscated most of the gold owned by US citizens,was anyone paid back for what was lost?

Question

In 1933, the US government, on order of President Roosevelt, undertook to confiscate most of the gold owned by US citizens and exchange it for paper dollars within two weeks. Safety deposit boxes and vaults were sealed. Subsequently, US citizens were not allowed to own most forms of gold. The paper dollars were soon worth far less than the gold they were traded for. I don't consider that action legal, and would like to know if anyone ever over turned this illegal action and recouped what they lost in this sham?

Answer 1

"The U.S. gold standard was interrupted during World War I but otherwise was in effect until 1933. As a result of stock market crash of 1929, the ensuing Great Depression, and numerous bank failures, Americans began hoarding gold. In 1931 Austria, Germany, and Great Britain went off the gold standard. On March 6, 1933, newly elected President Franklin D. Roosevelt issued an order forbidding banks to pay out or export gold. On April 5, again by a presidential order, Americans could not own more than $100 worth of gold or gold certificates. Amounts in excess had to be converted into other U.S. currencies. The Gold Reserve Act of 1934 authorized the president to revalue the dollar in relation to its existing statutory gold equivalent. This set the dollar's value at 59.04 percent of the par value as set by the Gold Standard Act of 1900, resulting in a gold "profit" of $2,806 million through devaluation of the dollar.''

so- the average citizen didn't lose, as such...just traded currencies. the US was in a recession at the time, and this caused hardships.

Answer 2

THIS time, in the event that they ever attempt it back, would be over our lifeless bodies. How DARE the government let us know what priceless metals we can not very own! That cigar chomping CLOWN destroyed tens of millions of money that have been nicely worth plenty greater desirable than basically their value in oz. the guy exchange right into a PHILISTINE!

Answer 3

Compared to F.D.R., the claims of government infringement on our rights the past eight years have been trivial!
Roosevelt also took away nearly all freedom and constitutional guarantee from a substantial segment of society - the Americans of Japanese descent