Hacker News new | ask | show | jobs
by cobertos 1173 days ago
Interesting, Executive Order 6102, forcing US and non-US citizens to sell gold at a fixed rate, in order to prevent gold hoarding so the US could meet it's obligations to back it's currency via gold.

Also interesting that it led to the sort of related Brenton Woods system, and all the effects of that and it's de facto ending in the 70s under Nixon