Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
The limitation on gold ownership in the United States was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in Pub.L. 93373, which went into effect December 31, 1974.
Franklin Delano Roosevelt (, ROH-zə-velt; January 30, 1882 – April 12, 1945), often referred to by his initials FDR, was an American politician and attorney who served as the 32nd president of the United States from 1933 until his death in 1945. As a member of the Democratic Party, he won a record four presidential elections and became a central figure in world events during the first half of the 20th century. Roosevelt directed the federal government during most of the Great Depression, implementing his New Deal domestic agenda in response to the worst economic crisis in U.S. history. As a dominant leader of his party, he built the New Deal Coalition, which defined modern liberalism in the United States throughout the middle third of the 20th century. His third and fourth terms were dominated by World War II, which ended shortly after he died in office.
Born into the Roosevelt family in Hyde Park, New York, he graduated from both Groton School and Harvard College, and attended Columbia Law School, which he left after passing the bar exam to practice law in New York City. In 1905, he married his fifth cousin once removed, Eleanor Roosevelt. They had six children, of whom five survived into adulthood. He won election to the New York State Senate in 1910, and then served as Assistant Secretary of the Navy under President Woodrow Wilson during World War I. Roosevelt was James M. Cox's running mate on the Democratic Party's 1920 national ticket, but Cox was defeated by Republican Warren G. Harding. In 1921, Roosevelt contracted a paralytic illness, believed at the time to be polio, and his legs became permanently paralyzed. While attempting to recover from his condition, Roosevelt founded a polio rehabilitation center in Warm Springs, Georgia. Although unable to walk unaided, Roosevelt returned to public office after his election as governor of New York in 1928. He served as governor from 1929 to 1933, promoting programs to combat the economic crisis besetting the United States.
In the 1932 presidential election, Roosevelt defeated Republican incumbent Herbert Hoover in one of the largest landslide victories in US history. The Roosevelt presidency began in the midst of the Great Depression and during the first 100 days of the 73rd U.S. Congress, he spearheaded unprecedented federal legislative productivity. Roosevelt called for the creation of programs designed to produce relief, recovery, and reform. Within his first year, he began implementing these policies through a series of executive orders and federal legislation collectively called the New Deal. Many New Deal programs provided relief to the unemployed such as the National Recovery Administration. Several New Deal programs and federal laws such as the Agricultural Adjustment Act provided relief to farmers. Roosevelt also instituted major regulatory reforms related to finance, communications, and labor. In addition to the economy, Roosevelt also sought to curtail the rising crime fueled by Prohibition. After campaigning on a platform to repeal it, Roosevelt implemented the Beer Permit Act of 1933 and enforced the 21st amendment. Tax revenue collected from alcohol sales would go to public works as part of the New Deal. Roosevelt frequently used radio to speak directly to the American people, giving 30 "fireside chat" radio addresses during his presidency and became the first American president to be televised. The economy improved rapidly from 1933 to 1936, and Roosevelt won a landslide re-election in 1936. Despite the popularity of the New Deal, many within the US Supreme Court maintained their conservative bent and frequently struck down New Deal initiatives. Following his re-election, Roosevelt sought to counter this by lobbying for the Judicial Procedures Reform Bill of 1937 (or "court packing plan"), which would have expanded the size of the Supreme Court. The bill was blocked by the newly formed bipartisan Conservative Coalition, which also sought to prevent further New Deal legislation; as a result the economy began to decline, which led to the recession of 1937–1938. Other major 1930s legislation and agencies implemented under Roosevelt include the Securities and Exchange Commission, the National Labor Relations Act, the Federal Deposit Insurance Corporation, Social Security, and the Fair Labor Standards Act.
Roosevelt was reelected in 1940 for his third term, making him the only U.S. president to serve for more than two terms. By 1939 another World War was on the horizon which prompted the United States to respond by passing a series of laws affirming neutrality and rejecting intervention. Despite this President Roosevelt gave strong diplomatic and financial support to China, the United Kingdom, and eventually the Soviet Union. Following the Japanese attack on Pearl Harbor on December 7, 1941, an event he called "a date which will live in infamy", Roosevelt obtained a congressional declaration of war against Japan. On December 11th Japan's allies, Nazi Germany and Fascist Italy declared war on the United States. In response the US formally joined the Allies and entered the European theater of war. Assisted by his top aide Harry Hopkins and with very strong national support, he worked closely with British Prime Minister Winston Churchill, Soviet General Secretary Joseph Stalin, and Chinese Generalissimo Chiang Kai-shek in leading the Allied Powers against the Axis Powers. Roosevelt supervised the mobilization of the U.S. economy to support the war effort and implemented a Europe first strategy, initiating the Lend-Lease program and making the defeat of Germany first a priority over that of Japan. His administration oversaw the construction of The Pentagon, initiated the development of the world's first atomic bomb, and worked with other Allied leaders to lay the groundwork for the United Nations and other post-war institutions. It was under his wartime leadership that the United States became a superpower on the world stage.
Roosevelt won reelection in the 1944 presidential election on his post-war recovery platform. His physical health began declining during the later war years, and less than three months into his fourth term, Roosevelt died on April 12, 1945. Vice President Harry S. Truman assumed office as president and oversaw the acceptance of surrender by the Axis powers. Since his death, several of Roosevelt's actions have come under substantial criticism, such as his ordering of the relocation and internment of Japanese Americans. Nevertheless, he is consistently ranked by scholars, political scientists, and historians as being among the nation's three greatest presidents, alongside George Washington and Abraham Lincoln.
1933Apr, 5
U.S. President Franklin D. Roosevelt signs two executive orders: 6101 to establish the Civilian Conservation Corps, and 6102 "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" by U.S. citizens.
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Events on 1933
- 3Feb
Third Reich
Adolf Hitler announces that the expansion of Lebensraum into Eastern Europe, and its ruthless Germanisation, are the ultimate geopolitical objectives of Third Reich foreign policy. - 5Jun
Gold standard
The U.S. Congress abrogates the United States' use of the gold standard by enacting a joint resolution (48 Stat. 112) nullifying the right of creditors to demand payment in gold. - 14Jul
Nazi Party
Gleichschaltung: In Germany, all political parties are outlawed except the Nazi Party. - 19Oct
League of Nations
Germany withdraws from the League of Nations. - 8Nov
New Deal
Great Depression: New Deal: US President Franklin D. Roosevelt unveils the Civil Works Administration, an organization designed to create jobs for more than 4 million unemployed.