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Gold Reserve Act of 1934

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Gold Reserve Act of 1934
Legislation in the United States that required citizens to sell their privately owned gold to the federal government. After the passage of this act, it was illegal for U.S. citizens to own more than small amounts of gold until the end of 1974. The Gold Reserve Act was intended to stabilize the U.S. dollar during the Great Depression. Scholars differ on how well it accomplished this goal.
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The insurance will be offered under the Exchange Stabilization Fund, established by the Gold Reserve Act of 1934.
US Treasury says to guarantee money market funds by AFP / AFP American Edition
4)The Gold Reserve Act of 1934 required 40 percent gold cover on Federal Reserve notes in circulation and 35 percent cover on deposits at Federal Reserve Banks.
U.S. exchange rate policy: Bretton Woods to the present by Pauls, B. Dianne / Federal Reserve Bulletin
The insurance will be offered under the Exchange Stabilization Fund, established by the Gold Reserve Act of 1934.
US guarantees money market funds to bolster confidence by AFP / AFP American Edition
 
 
 
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