Executive Order 6102—Forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates
Title
Executive Order 6102—Forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates
Creator
Roosevelt, Franklin D.
Subject
Great Depression
Gold standard—United States
Monetary policy—United States
New Deal
Banking crisis—United States
Gold standard—United States
Monetary policy—United States
New Deal
Banking crisis—United States
Description
Executive Order 6102, signed by President Franklin D. Roosevelt on April 5, 1933, prohibited the hoarding of gold coin, gold bullion, and gold certificates within the United States. The order required individuals and institutions to turn in most of their gold to the Federal Reserve in exchange for paper currency. This policy aimed to stabilize the banking system and allow the federal government to expand the money supply during the Great Depression, addressing deflation and restoring economic activity.
Publisher
American Presidency Project, University of California, Santa Barbara
Contributor
Peters, Gerhard
Woolley, John T.
Woolley, John T.
Date
1933-04-05
Type
Text
Format
Digital Text (executive order)
Identifier
https://www.presidency.ucsb.edu/documents/executive-order-6102-forbidding-the-hoarding-gold-coin-gold-bullion-and-gold-certificates
Source
American Presidency Project, University of California, Santa Barbara
Language
English
Relation
Related to Emergency Banking Act (1933); Gold Reserve Act (1934)
Coverage
1933 United States
Rights
Public Domain
Files
Collection
Citation
Roosevelt, Franklin D., “Executive Order 6102—Forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates,” Santa Clara University Digital Exhibits, accessed May 6, 2026, https://dh.scu.edu/exhibits/items/show/5823.
Item Relations
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