Gold Reserve Act

Gold Standard

What the act was supposed to do

The intent was 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 purpose.


The years the gold standard started and ended

Started-1934

Ended-1974


The acronym

GRA


Was the gold standard a relief, recovery, or reform

The gold standard was a recovery.


Who was the gold standard supposed to help

It was suppose to help the United States people.


Who did the gold standard not help

Was not a problem to anybody.


How successful it was

Pretty successful at the beginning because people were able to trade gold again.


The leader of the program

President Franklin D. Roosevelt requested the gold reserve act.