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As a further effective means to this end, I am going to establish a Government market for gold in the United States. Therefore, under the clearly defined authority of existing law, I am authorizing the Reconstruction Finance Corporation to buy gold newly mined in the United States at prices to be determined from time to time after consultation with the Secretary of the Treasury and the President.  >>more...>>

Title:     On the Currency Situation
Author:    Roosevelt, Franklin D.
Date:     October 22,1933

Publisher:     Works of Franklin D. Roosevelt
Type:     Fireside Chat

Listed Under:
Fireside Chats
Fiscal Policy
New Deal Legislation