Why did President Roosevelt issue an...?

Why did President Roosevelt issue an executive order removing the right, prohibiting ownership of gold bullion and gold coins in April of 1933?

Public Comments

1. 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.
2. That was during the great depression and in order for control of the money. It might have gotten into the wrong hands.
3. He did a lot of acid back in the hippie days. It seemed like a good idea at the time.
4. He was saving the economy from the great depression.