The Gold Reserve Act of 1934: When FDR Revalued Gold Overnight
Автор: The Coin Financials
Загружено: 2025-12-06
Просмотров: 21380
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The Gold Reserve Act of 1934: When FDR Revalued Gold Overnight
In 1933, owning gold became a crime. In 1934, the U.S. government confiscated the Federal Reserve's gold and revalued it overnight, creating a massive "paper profit" to fund the New Deal.
This is the story of the Gold Reserve Act of 1934, the single most important economic event in the last 100 years. It transformed the dollar from a weight of metal into a political tool, and it centralized financial power in Washington forever.
#History #Gold #Economics #FDR #Finance #Money #FederalReserve #GreatDepression #Documentary #thecoinfinancials
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