I try to learn more in depth about topics that interest me. I was reading about the Great Depression, but it is so hard to understand for me what exactly cause it, as I read it, it feels like a mix of fancy words that don’t tell me much (likely due to my lack of knowledge and english not being my 1st language). So, could anyone explain me in simple words what exactly cause the Great Depression?
In: 292
On August 9, 1934 U.S. President Franklin D. Roosevelt implemented the seizure of all silver situated in the continental United States with Executive Order 6814 – Requiring the Delivery of All Silver to the United States for Coinage.
Executive Order 6814 closely mirrors Executive Order 6102, which FDR signed on April 5, 1933, “forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States” with some differences. A key difference was that EO 6814 excluded the seizure of all silver coins, whether foreign or domestic, while EO 6102 only exempted from seizure certain types of collectible or numismatic coins.
In short the government caused it and fucked over the common man. As is tradition.
Latest Answers