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Executive Action

Executive Order 6102: Requirement to Surrender Most Private Gold

On April 5, 1933, President Franklin D. Roosevelt issued Executive Order 6102, requiring U.S. persons to deliver most gold coins, gold bullion, and gold certificates to the Federal Reserve by May 1, 1933.

Executive Order 6102: Requirement to Surrender Most Private Gold

The order curtailed private hoarding of gold to give the government control over monetary gold, enabling measures to stabilize banks and devalue the dollar as part of Roosevelt's economic response to the Great Depression.

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