FDR Signs Civilian Conservation Corps and Gold Orders

April 5th, 1933

April 5th, 1933

FDR Signs Civilian Conservation Corps and Gold Orders

U.S. President Franklin D. Roosevelt signed two significant executive orders that aimed to address economic challenges during the Great Depression. Executive Order 6101 established the Civilian Conservation Corps (CCC), a program designed to create jobs for young men and promote environmental conservation. Concurrently, Executive Order 6102 prohibited U.S. citizens from hoarding gold coins, bullion, and certificates, demanding the surrender of these to the government. These actions symbolized Roosevelt's commitment to economic recovery and financial reform.

FDR launched the Civilian Conservation Corps.

The CCC created jobs for young men, boosting morale.

Gold hoarding was banned to stabilize the economy.

Citizens exchanged gold for currency at a fixed price.

What Happened?

President Franklin D. Roosevelt's signing of Executive Orders 6101 and 6102 marked a pivotal moment in the early days of his New Deal programs aimed at alleviating the hardships of the Great Depression. Executive Order 6101 established the Civilian Conservation Corps (CCC), which sought to provide gainful employment to young men while simultaneously working on projects designed to improve and conserve the natural environment. This program not only offered jobs but also contributed to the infrastructural development of U.S. national parks and rural areas. The CCC ultimately employed millions, fostering a sense of purpose and community among its workers.

Simultaneously, Executive Order 6102 addressed the growing financial crisis by prohibiting the hoarding of gold. This order required U.S. citizens to surrender their gold coins, bullion, and gold certificates to the U.S. Treasury in exchange for paper currency. The measure intended to stabilize the banking system and prevent further depletion of gold reserves. It was a radical shift in monetary policy and reflected Roosevelt's determination to restore public trust in the financial system and stabilize the economy. The government later compensated citizens at a fixed price of $20.67 per ounce of gold, which set the stage for future fiscal policies.

Both orders illustrated Roosevelt’s innovative approach to tackling the economic issues of the time. The establishment of the CCC played a critical role in reducing unemployment, while the ban on gold hoarding aimed to increase the money supply, fostering economic recovery. These initiatives not only provided immediate relief but also reshaped the role of the federal government in American life, expanding its involvement in both jobs creation and regulation of monetary practices.

Why Does it Matter?

These executive orders were instrumental in shaping the New Deal, Roosevelt's framework for recovery during the Great Depression. The CCC not only helped millions find work but also set a precedent for future public works programs. The prohibition on gold hoarding transformed U.S. monetary policy and demonstrated federal government intervention in the economy. Together, they represent a significant shift in American economic practices and policies that prioritized both employment and stabilization.

Discover More Historic Events from April 5th

Politics & Government

Massive ICE Raid Targets Tennessee Slaughterhouse

April 5th, 2018 6 years ago

U.S. Immigration and Customs Enforcement agents conducted a significant raid on a slaughterhouse in Tennessee, detaining nearly 100 undocumented Hispanic workers. This operation was one of the largest workplace raids in U.S. history and reflected the ongoing focus on immigration enforcement under the administration's policies. Workers were apprehended during their shifts, stirring anxiety within the immigrant community, as agents sought to enforce immigration laws vigorously.

Continue Reading
Accidents & Tragedies

Upper Big Branch Mine Explosion Claims Lives

April 5th, 2010 14 years ago

An explosion at the Upper Big Branch Mine trapped and killed twenty-nine coal miners in West Virginia. Rescue efforts began immediately, but the severity of the explosion complicated the situation, delaying rescue efforts. Investigations revealed that the blast was due primarily to methane gas ignitions and poor safety practices, contributing to widespread scrutiny of mine safety regulations.

Continue Reading
Crime & Law

Deadly Suicide Bombings in Khyber Pakhtunkhwa

April 5th, 2010 14 years ago

On a tragic day in Khyber Pakhtunkhwa, Pakistan, two coordinated militant suicide bombings resulted in up to 50 fatalities and over 100 injuries. The first attack struck an Awami National Party rally in Timergara, where the crowd had gathered to support their political agenda. The second bombing targeted the U.S. Consulate in Peshawar, escalating tensions in an already volatile region. These attacks highlight the ongoing conflict involving militant groups in Pakistan, illustrating the threats posed to both local political entities and foreign diplomatic missions.

Continue Reading
Space Exploration

Space Shuttle Discovery's STS-131 Mission Launch

April 5th, 2010 14 years ago

Space Shuttle Discovery was launched on STS-131, marking its 33rd mission to the International Space Station. Liftoff occurred at 6:21 AM EDT from Kennedy Space Center in Florida. This mission aimed to deliver vital supplies and equipment to support ongoing research aboard the ISS. The crew consisted of seven astronauts who played key roles in the mission's success, including the delivery of the Multi-Purpose Logistics Module, Leonardo.

Continue Reading
Military & Warfare

North Korea Launches Kwangmyŏngsŏng-2 Satellite

April 5th, 2009 15 years ago

North Korea successfully launched its Kwangmyŏngsŏng-2 satellite, which passed over mainland Japan. The launch prompted swift condemnation from the United Nations Security Council and participating states of the Six-party talks. This controversial act was seen as a test of long-range missile technology which raised concerns regarding North Korea's intentions and regional security.

Continue Reading
Accidents & Tragedies

MS Sea Diamond Strikes Volcanic Reef and Sinks

April 5th, 2007 17 years ago

The cruise ship MS Sea Diamond struck a volcanic reef near Nea Kameni, Greece, and sank the following day. Despite swift rescue operations, two passengers were never found and are presumed dead. The incident raised questions about maritime safety and the ship's navigational practices.

Continue Reading