What is Executive Order 6102?

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."

Why did FDR issue Executive Order 6102?

FDR issued Executive Order 6102, also known as the Gold Confiscation Ac t . What was the purpose of Executive Order 6102? It was to force Americans to hand over their gold—in bullion, coins, and other forms—to the U.S. Treasury. In turn, the Treasury transferred its control of gold to the Federal Reserve.

When did President Roosevelt sign Executive Order 6102?

On April 5th 1933 U.S President Franklin D Roosevelt signed Executive Order 6102 "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States."

Should Executive Order 6102 be strengthened?

There was a need to strengthen Executive Order 6102, as the one prosecution under the order was ruled invalid by Federal Judge John M. Woolsey, on the grounds that the order was signed by the President, instead of the Secretary of the Treasury as required.