Gold Reserve Act of 1934

Gold Reserve Act of 1934

Signed by President Franklin D. Roosevelt in January 1934, the Act was the culmination of Roosevelt’s controversial gold program. Among other things, the Act transferred ownership of all monetary gold in the United States to the US Treasury and prohibited the Treasury and financial institutions from redeeming dollars for gold.

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EXTRACT FROM THE ACT OF CONGRESS, Passed The 28th Day Of February

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GOLD RESERVE ACT Passes Congress United States Dept