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This Day in History
  US President Franklin D. Roosevelt Forbids Hoarding of Gold (1933)Executive Order 6102 required US citizens and businesses to turn in all but a small amount of gold to the Federal Reserve in exchange for $20.67 per ounce. It came in the midst of a banking crisis, when the stability of paper currency was in doubt. Consequently, many tried to withdraw their money and redeem it for gold, which was considered safer. However, there simply was not enough gold in the US—or the world—to cover the nation's debts. How many people were prosecuted for violating the order? More... Discuss |
This Day in History
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Today's Birthday
 Ruth Elizabeth "Bette" Davis (1908)American screen legend and two-time Academy Award-winning actress Bette Davis made her Hollywood debut in 1931 and, after several flops, won acclaim for her role in 1934's Of Human Bondage. Her electrifying performances and intense characterizations of strong women made her a prime box-office attraction between 1935 and 1946, but her popularity declined thereafter. Undeterred, she launched a comeback and continued acting until shortly before her death. Why did she disinherit her daughter? More... Discuss |
Today's Birthday
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