US President Franklin D. Roosevelt Forbids Hoarding of Gold (1933)
Executive Order 6102 required US citizens and businesses to turn in all but a small amount of gold to the Federal Reserve in exchange for $20.67 per ounce. It came in the midst of a banking crisis, when the stability of paper currency was in doubt. Consequently, many tried to withdraw their money and redeem it for gold, which was considered safer. However, there simply was not enough gold in the US—or the world—to cover the nation's debts. How many people were prosecuted for violating the order?More...Discuss
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3 comments:
Hi Saravanan…
Is the answer for this ‘puzzle’ related to nature?
Please post the answer for this puzzle…
This is about somebody in a house... I shall post the answer tonight
Hi Saravanan…
Thanks for posting the answer…
It was a tricky question and the answer is “glowing” like the bulb.
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