Trading with the Enemy Act of 1917 in the context of "Executive Order 6102"

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👉 Trading with the Enemy Act of 1917 in the context of Executive Order 6102

Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt forbidding "the hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Relief Act in March 1933.

At the time and in the years that followed, this policy was highly controversial and faced criticism from those who asserted it was "completely immoral" and "a flagrant violation of the solemn promises made in the Gold Standard Act of 1900" and promises made to purchasers of Liberty and Victory Loans during World War I. The critics also claimed this executive order would lead to an inflation of supply of credit and currency, which would cause a fraudulent economic boom which would inevitably bust and result in a depression.

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Trading with the Enemy Act of 1917 in the context of Office of Alien Property Custodian

The Office of Alien Property Custodian was an office within the government of the United States during World War I and again during World War II, serving as a custodian to property that belonged to US enemies. The office was created in 1917 by Executive Order 2729-A under the Trading with the Enemy Act of 1917 (TWEA) in order to "assume control and dispose of enemy-owned property in the United States and its possessions."

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