There was a general rush by a large portion of our population to turn bank deposits into currency or gold. Americans who didn't turn their gold into the government faced fines up to $10,000. That's the equivalent of more than a quarter million dollars today. They also faced up to a decade behind bars. The Fed sicced the Secret Service on anyone who violated it. (14:39–14:45)
CLAIM
Asserts that Americans faced fines for not surrendering gold to the government.
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