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  2. Executive Order 6102 - Wikipedia

    en.wikipedia.org/wiki/Executive_Order_6102

    Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $487 in 2023) [ 6 ] per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed ...

  3. Gold Reserve Act - Wikipedia

    en.wikipedia.org/wiki/Gold_Reserve_Act

    Gold Reserve Act. An Act to protect the currency system of the United States, to provide for the better use of the monetary gold stock of the United States, and for other purposes. 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 ...

  4. Economy of the Confederate States of America - Wikipedia

    en.wikipedia.org/wiki/Economy_of_the_Confederate...

    The prices of everything are very high. Corn seven dollars a bushel, calico ten dollars a yard, salt sixty dollars a hundred, cotton from sixty to eighty cents a pound, everything in like ratio. November 16, 1864. Paid seven dollars [Confederate money] a pound for coffee, six dollars an ounce for indigo, twenty dollars for a quire of paper ...

  5. Gold reserve - Wikipedia

    en.wikipedia.org/wiki/Gold_reserve

    A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money ), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency . The World Gold Council estimates that all the ...

  6. Nixon shock - Wikipedia

    en.wikipedia.org/wiki/Nixon_shock

    The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon in August 1971 in response to increasing inflation. [ 1][ 2 ...

  7. United States dollar - Wikipedia

    en.wikipedia.org/wiki/United_States_dollar

    Gold double eagle ($20 coin), 1907. Though the dollar came under the gold standard de jure only after 1900, the bimetallic era was ended de facto when the Coinage Act of 1873 suspended the minting of the standard silver dollar of 412.5 Troy grains = 26.73 g; 0.859 ozt, the only fully legal tender coin that individuals could convert bullion into ...

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