Gold Reserve Act
By Bailey and Hunter
To Answer Your Questions
The Gold Standard
- The program started on January 30th 1934 and ended in the year 1975
- The acronym is GRA
- GRA was Recovery
The Purpose of the Gold Reserve Act
The GRA was meant to bring stability back to the U.S. dollar and keep it from devaluing by having gold to back the value up and keep the government from overspending.
Who Did it Help?
The GRA helped mainly the U.S. government by protecting the dollar. It also helped almost every American by helping the government stay out of debt.
How Successful Was It?
The act kept the government from inflating the dollar and decreasing its value, so the GRA was successful.
Who Was The Leader of The Gold Reserve Act?
Franklin D. Roosevelt was the president who signed the act.