Gold Reserve Act of 1934

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:appliesTo gptkb:United_States
gptkbp:citation gptkb:Pub.L._73–87,_48_Stat._337
gptkbp:dateEnacted January 30, 1934
gptkbp:effect transferred ownership of all monetary gold in the United States to the U.S. Treasury
prohibited private ownership of gold coins, bullion, and certificates
authorized the President to establish the gold value of the dollar
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Gold Reserve Act of 1934
gptkbp:purpose to nationalize gold and regulate gold ownership
gptkbp:relatedTo gptkb:Great_Depression
gptkb:Executive_Order_6102
gptkb:United_States_Treasury
gptkbp:repealedBy restrictions on private gold ownership repealed in 1974
gptkbp:resultedIn devaluation of the U.S. dollar
increase in the official price of gold from $20.67 to $35 per ounce
gptkbp:signedBy gptkb:Franklin_D._Roosevelt
gptkbp:status partially in force
gptkbp:subject gptkb:economic_policy
currency regulation
gold reserves
gptkbp:bfsParent gptkb:United_States_gold_reserves
gptkbp:bfsLayer 6