During the Depression, President Franklin Roosevelt, as one of his first acts as president, banned gold ownership by decree. He [President Roosevelt] issued Executive Order 6102 that required Americans to surrender their gold coins and bullion to the Federal Reserve at an exchange rate he fixed. Roosevelt did this because the government wanted a way to increase the money supply. Amid the Great Depression, the gold standard was holding them back. Reality itself prevented them from doing this. (14:01–14:13)
CLAIM
Asserts that President Roosevelt issued an order requiring Americans to surrender gold to the Federal Reserve.
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