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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." 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 The limitation on gold ownership in the United States was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in , which went into effect December 31, 1974. Rationale The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and worsening the depression as the US was then using the gold standard for its currency. On April 6, 1933, ''The New York Times'' wrote, under the headline ''Hoarding of Gold'', "The Executive Order issued by the President yesterday amplifies and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidential Proclamation
A presidential proclamation is a statement issued by a US president on an issue of public policy and is a type of presidential directive. Details A presidential proclamation is an instrument that: *states a condition, *declares a law and requires obedience, *recognizes an event, or *triggers the implementation of a law, by recognizing that the circumstances described in the law have been realized. Proclamations issued by the president fall into two broad categories: #"ceremonial" proclamations, that designate special observances or celebrate national holidays, and #"substantive" proclamations, that usually relates to the conduct of foreign affairs and other sworn executive duties. These may be, but are not limited to, matters of international trade, the execution of set export controls, the establishment of tariffs, or the reservation of federal lands for the benefit of the public in some manner. Unless authorized by the US Congress, a presidential proclamation does not have the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Order 6261
Executive ( exe., exec., execu.) may refer to: Role or title * Executive, a senior management role in an organization ** Chief executive officer (CEO), one of the highest-ranking corporate officers (executives) or administrators ** Executive director, job title of the chief executive in many non-profit, government and international organizations; also a description contrasting with non-executive director ** Executive officer, a high-ranking member of a corporation body, government or military ** Business executive, a person responsible for running an organization ** Music executive or record executive, person within a record label who works in senior management ** Studio executive, employee of a film studio ** Executive producer, a person who oversees the production of an entertainment product * Account executive, a job title given by a number of marketing agencies (usually to trainee staff who report to account managers) * Project executive, a role with the overall responsibili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ABC News
ABC News is the news division of the American broadcast network ABC. Its flagship program is the daily evening newscast ''ABC World News Tonight, ABC World News Tonight with David Muir''; other programs include Breakfast television, morning news-talk show ''Good Morning America'', ''Nightline'', ''Primetime (American TV program), Primetime'', and ''20/20 (American TV program), 20/20'', and Sunday morning talk shows, Sunday morning political affairs program ''This Week (ABC TV series), This Week with George Stephanopoulos''. In addition to the division's television programs, ABC News has radio and digital outlets, including ABC News Radio and ABC News Live, plus various podcasts hosted by ABC News personalities. History Early years ABC began in 1943 as the Blue Network, NBC Blue Network, a radio network that was Corporate spin-off, spun off from NBC, as ordered by the Federal Communications Commission (FCC) in 1942. The reason for the order was to expand competition in radi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Secret Service
The United States Secret Service (USSS or Secret Service) is a federal law enforcement agency under the Department of Homeland Security charged with conducting criminal investigations and protecting U.S. political leaders, their families, and visiting heads of state or government. Until 2003, the Secret Service was part of the Department of the Treasury, as the agency was founded in 1865 to combat the then-widespread counterfeiting of U.S. currency. Primary missions The Secret Service is mandated by Congress with two distinct and critical national security missions: protecting the nation's leaders and safeguarding the financial and critical infrastructure of the United States. Protective mission The Secret Service is tasked with ensuring the safety of the president of the United States, the vice president of the United States, the president-elect of the United States, the vice president-elect of the United States, and their immediate families; former presidents, their spo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1933 Double Eagle
The 1933 double eagle is a United States 20-dollar gold coin. Although 445,500 specimens of this Saint-Gaudens double eagle were minted in 1933, none were ever officially circulated, and all but two were ordered to be melted down. However, 20 more are known to have been rescued from melting by being stolen and found their way into the hands of collectors before later being recovered. Eight of the recovered coins were destroyed, making this one of the world's rarest coins, with only 14 known specimens remaining—only one of which is privately owned, which is known as the Weitzman Specimen. Due to the fact that the coin was never released to the public, it is illegal to privately own any of the a 1933 double eagles, with the exception of the Weitzman Specimen. The two intentionally spared coins are in the U.S. National Numismatic Collection, ten others are held in the United States Bullion Depository at Fort Knox, and the one remaining recovered coin was sold in 2002 to private ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Order 6260
Executive ( exe., exec., execu.) may refer to: Role or title * Executive, a senior management role in an organization ** Chief executive officer (CEO), one of the highest-ranking corporate officers (executives) or administrators ** Executive director, job title of the chief executive in many non-profit, government and international organizations; also a description contrasting with non-executive director ** Executive officer, a high-ranking member of a corporation body, government or military ** Business executive, a person responsible for running an organization ** Music executive or record executive, person within a record label who works in senior management ** Studio executive, employee of a film studio ** Executive producer, a person who oversees the production of an entertainment product * Account executive, a job title given by a number of marketing agencies (usually to trainee staff who report to account managers) * Project executive, a role with the overall responsibili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Order 6111
Executive ( exe., exec., execu.) may refer to: Role or title * Executive, a senior management role in an organization ** Chief executive officer (CEO), one of the highest-ranking corporate officers (executives) or administrators ** Executive director, job title of the chief executive in many non-profit, government and international organizations; also a description contrasting with non-executive director ** Executive officer, a high-ranking member of a corporation body, government or military ** Business executive, a person responsible for running an organization ** Music executive or record executive, person within a record label who works in senior management ** Studio executive, employee of a film studio ** Executive producer, a person who oversees the production of an entertainment product * Account executive, a job title given by a number of marketing agencies (usually to trainee staff who report to account managers) * Project executive, a role with the overall responsibilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Reserve Act
The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury. It also prohibited the Treasury and financial institutions from redeeming dollar bills for gold, established the Exchange Stabilization Fund under control of the Treasury to control the dollar's value without the assistance (or approval) of the Federal Reserve, and authorized the president to establish the gold value of the dollar by proclamation. Immediately following passage of the Act, the President, Franklin D. Roosevelt, changed the statutory price of gold from $20.67 per troy ounce to $35. This price change incentivized gold miners globally to expand production and foreigners to export their gold to the United States, while simultaneously devaluing the U.S. dollar by increasing inflation. The increase in gold reserves due to the price change resulted in a la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Certificates
Gold certificates were issued by the United States Treasury as a form of representative money from 1865 to 1933. While the United States observed a gold standard, the certificates offered a more convenient way to pay in gold than the use of coins. General public ownership of gold certificates was outlawed in 1933 and since then they have been available only to the Federal Reserve Banks, with book-entry certificates replacing the paper form. Overview Gold certificates were first authorized under the Legal Tender Act of 1863, but unlike the United States Notes also authorized, they apparently were not printed until 1865. The need for them arose from the limitations of the United States Notes. To promote the flow of gold into the Treasury and maintain the credit of the government, the notes could not be used to pay customs duties or interest on the federal debt. Gold certificates, representing coins held physically in the Treasury, were instead provided for those purposes. The notes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bullion
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the Anglo-Norman term for a melting-house where metal was refined, and earlier from French , "boiling". Although precious metal bullion is no longer used to make coins for general circulation, it continues to be held as an investment with a reputation for stability in periods of economic uncertainty. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality. As investment The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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