This article explores the contentious history of government bonds, executive orders, and their impact on bondholders, with a focus on the actions of President Roosevelt during the 1930s.
What was the purpose of Executive Order 6102?
The executive order was made under the authority of the trading with the Enemy Act of 1917 and the Emergency Banking Act in March 1933.
Why were the Liberty Bonds refinanced?
Many people thought there were defaults on the Bonds, but they were simply refinanced.
What was the Supreme Court's ruling on the gold Clause resolution?
The Court ruled that bondholders' loss was unquantifiable, and repaying them in dollars according to the 1918 standard of value would be unjustified enrichment.
Who benefited from the increase in gold reserves?
The government and bankers, including the Rockefellers and JP Morgans, benefited from this increase.
How did corporations benefit from doing business with Uncle Sam during World War I?
Corporations that did business with Uncle Sam during World War I got paid in gold.
This article explores the contentious history of government bonds, executive orders, and their impact on bondholders, with a focus on the actions of President Roosevelt during the 1930s.
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