The Gold Seizure of 1933

Michael S. Rozeff, on May 12, 2010, published part nine of his brilliant story on America’s decline into unconstitutional money, entitled "The U.S. Constitution and Money".

Rozeff's mission is to summarize one of my favorite monetary books of all time, Edwin Vieira’s Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution.

Part nine of the series is on Roosevelt’s gold seizure in 1933 and Rozeff states, "This 39-page article takes you through every important presidential and legislative action by which the government seized the people’s gold for a fraction of its market value. Each unconstitutional aspect is laid bare. The financial side of the story and excerpts from the Congressional debates are also recorded. Good case study in how low Congress can sink, not to mention FDR. Next in the series will be the court cases on the gold clause abrogation and the Campbell cases."

The U.S. Constitution and Money, Part 1 and Part 2, can be found here.

The U.S. Constitution and Money, Part 3 and Part 4, can be found here.

The U.S. Constitution and Money, Part 5, can be found here.

The U.S. Constitution and Money, Part 6, can be found here.

The U.S. Constitution and Money, Part 7, can be found here.

The U.S. Constitution and Money, Part 8, can be found here.


The U.S. Constitution and Money: The Gold Seizure (Part 9)

The U.S. Constitution and Money, Part 10, can be found here.

Michael S. Rozeff is a retired Professor of Finance living in East Amherst, New York. He is the author of the free e-book Essays on American Empire.