Vocabulary Story 987 Why Gold was Banned in the USA

1 Vocabulary Story 987 Why Gold was Banned in the USA
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It is a paradox that with the advent of the gold standard, owning
ingots of gold was banned in the US. The protagonist of this move was FDR
who had an affinity for economic tinkering, a connoisseur of mercantilism.
The economy went into a stupor but government censors muted
the news. Heirloom gold ownership was OK and people dissemble a lot
to get around the rules.
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2 Vocabulary Story 987 Why Gold was Banned in the USA
.
It is an oddity that with the coming of the gold standard, owning
gold bars was banned in the US. The lead actor of this move was FDR
who had an fondness for economic tinkering, a disciple of mercantilism.
The economy went into a swoon but government watchdogs softened
the news. Oldly held gold ownership was OK and people lied a lot
to get around the rules.