Gold Reserve Act

E29889

The Gold Reserve Act was a 1934 U.S. federal law that nationalized gold holdings, devalued the dollar, and centralized control of the nation’s gold in the U.S. Treasury to stabilize the economy during the Great Depression.

AI illustration

How this image was made

AI-generated illustration of Gold Reserve Act

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Gold Reserve Act (The Gold Reserve Act was a 1934 U.S. federal law that nationalized gold holdings, devalued the dollar, and centralized control of the nation’s gold in the U.S. Treasury to stabilize the economy during the Great Depression.)

All labels observed (2)

Label Occurrences
Gold Reserve Act of 1934 8
Gold Reserve Act canonical 1

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf United States federal law ⓘ
economic legislation ⓘ
administeredBy United States Department of the Treasury ⓘ
appliesTo gold bullion ⓘ
gold certificates ⓘ
gold coins ⓘ
authorized use of the Exchange Stabilization Fund to stabilize the value of the dollar ⓘ
changedGoldPriceTo 35 U.S. dollars per troy ounce ⓘ
codifiedIn Title 31 of the United States Code ⓘ
consequence increased federal control over U.S. monetary system ⓘ
limited private ownership of monetary gold in the United States for decades ⓘ
country United States ⓘ
created Exchange Stabilization Fund ⓘ
dateEnacted 1934-01-30 ⓘ
effect centralized gold reserves in the United States Treasury ⓘ
devalued the U.S. dollar against gold by approximately 40 percent ⓘ
established the Exchange Stabilization Fund ⓘ
nationalized most gold held by U.S. citizens and institutions ⓘ
prohibited private ownership of most forms of monetary gold ⓘ
raised the official price of gold in dollars ⓘ
reduced the gold content of the U.S. dollar ⓘ
required delivery of gold and gold certificates to the U.S. Treasury ⓘ
transferred title to monetary gold to the U.S. Treasury ⓘ
field macroeconomics ⓘ
monetary policy ⓘ
historicalPeriod New Deal era ⓘ
linked to: New Deal
jurisdiction United States federal government ⓘ
languageOfWork English ⓘ
legalStatus in force with amendments ⓘ
legislativeBody United States Congress ⓘ
locationOfImplementation United States ⓘ
partOf New Deal legislation ⓘ
linked to: New Deal
passedDuring Great Depression ⓘ
presidentAtEnactment Franklin D. Roosevelt ⓘ
previousOfficialGoldPrice 20.67 U.S. dollars per troy ounce ⓘ
purpose centralize control of the nation’s gold in the U.S. Treasury ⓘ
devalue the United States dollar relative to gold ⓘ
stabilize the United States economy during the Great Depression ⓘ
relatedTo Bretton Woods system ⓘ
Executive Order 6102 ⓘ
United States gold policy ⓘ
shortDescription 1934 U.S. federal law nationalizing gold and devaluing the dollar ⓘ
signedBy Franklin D. Roosevelt ⓘ
subjectOf monetary policy debates in the United States ⓘ
yearEnacted 1934 ⓘ

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

73rd United States Congress → enacted → Gold Reserve Act ⓘ
Roosevelt administration → significantEvent → Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act
Exchange Stabilization Fund → legalAuthority → Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act
Executive Order 6102 → relatedTo → Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act
United States gold policy → codifiedBy → Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act
United States gold policy → endedPrivateGoldCoinRedemptionBy → Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act
United States monetary system → legalBasis → Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act
Exchange Stabilization Fund → legalBasis → Gold Reserve Act of 1934 ⓘ
subject linked to: ESF
linked to: Gold Reserve Act
Executive Order 6260 → relatedTo → Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act