Gold Reserve Act

E29889

United States federal law economic legislation

The Gold Reserve Act was a 1934 U.S. federal law that nationalized gold holdings, devalued the dollar, and centralized control of the nation’s gold in the U.S. Treasury to stabilize the economy during the Great Depression.

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All labels observed (2)

Label	Occurrences
Gold Reserve Act of 1934	5
Gold Reserve Act canonical	1

How this entity was disambiguated

This entity first appeared as the object of triple T221438 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: Gold Reserve Act
Context triple: [73rd United States Congress, enacted, Gold Reserve Act]

A. Federal Reserve Act of 1913
The Federal Reserve Act of 1913 is the U.S. law that created the Federal Reserve System as the nation’s central bank to provide a safer, more flexible, and more stable monetary and financial system.
B. Glass–Steagall Act
The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.
C. Coinage Act of 1792
The Coinage Act of 1792 was a foundational United States law that created the national mint system and defined the country’s monetary structure, including its standard units, metal content, and coin denominations.
D. National Banking Act of 1863
The National Banking Act of 1863 was a U.S. Civil War–era law that created a system of nationally chartered banks and a uniform national currency, reshaping the American banking and monetary system.
E. Banking Act of 1935
The Banking Act of 1935 was a landmark U.S. law that restructured the Federal Reserve System and strengthened federal control over monetary policy and bank regulation during the New Deal era.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: Gold Reserve Act
Target entity description: The Gold Reserve Act was a 1934 U.S. federal law that nationalized gold holdings, devalued the dollar, and centralized control of the nation’s gold in the U.S. Treasury to stabilize the economy during the Great Depression.

A. Federal Reserve Act of 1913
The Federal Reserve Act of 1913 is the U.S. law that created the Federal Reserve System as the nation’s central bank to provide a safer, more flexible, and more stable monetary and financial system.
B. Glass–Steagall Act
The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.
C. Coinage Act of 1792
The Coinage Act of 1792 was a foundational United States law that created the national mint system and defined the country’s monetary structure, including its standard units, metal content, and coin denominations.
D. National Banking Act of 1863
The National Banking Act of 1863 was a U.S. Civil War–era law that created a system of nationally chartered banks and a uniform national currency, reshaping the American banking and monetary system.
E. Banking Act of 1935
The Banking Act of 1935 was a landmark U.S. law that restructured the Federal Reserve System and strengthened federal control over monetary policy and bank regulation during the New Deal era.
F. None of above. chosen

Statements (45)

Predicate	Object
instanceOf	United States federal law ⓘ economic legislation ⓘ
administeredBy	United States Department of the Treasury ⓘ
appliesTo	gold bullion ⓘ gold certificates ⓘ gold coins ⓘ
authorized	use of the Exchange Stabilization Fund to stabilize the value of the dollar ⓘ
changedGoldPriceTo	35 U.S. dollars per troy ounce ⓘ
codifiedIn	Title 31 of the United States Code ⓘ
consequence	increased federal control over U.S. monetary system ⓘ limited private ownership of monetary gold in the United States for decades ⓘ
country	United States of America ⓘ surface form: United States
created	Exchange Stabilization Fund ⓘ
dateEnacted	1934-01-30 ⓘ
effect	centralized gold reserves in the United States Treasury ⓘ devalued the U.S. dollar against gold by approximately 40 percent ⓘ established the Exchange Stabilization Fund ⓘ nationalized most gold held by U.S. citizens and institutions ⓘ prohibited private ownership of most forms of monetary gold ⓘ raised the official price of gold in dollars ⓘ reduced the gold content of the U.S. dollar ⓘ required delivery of gold and gold certificates to the U.S. Treasury ⓘ transferred title to monetary gold to the U.S. Treasury ⓘ
field	macroeconomics ⓘ monetary policy ⓘ
historicalPeriod	New Deal ⓘ surface form: New Deal era
jurisdiction	United States government ⓘ surface form: United States federal government
languageOfWork	English ⓘ
legalStatus	in force with amendments ⓘ
legislativeBody	United States Congress ⓘ
locationOfImplementation	United States of America ⓘ surface form: United States
partOf	New Deal ⓘ surface form: New Deal legislation
passedDuring	Great Depression ⓘ
presidentAtEnactment	President Franklin D. Roosevelt ⓘ surface form: Franklin D. Roosevelt
previousOfficialGoldPrice	20.67 U.S. dollars per troy ounce ⓘ
purpose	centralize control of the nation’s gold in the U.S. Treasury ⓘ devalue the United States dollar relative to gold ⓘ stabilize the United States economy during the Great Depression ⓘ
relatedTo	Bretton Woods system ⓘ Executive Order 6102 ⓘ United States gold policy ⓘ
shortDescription	1934 U.S. federal law nationalizing gold and devaluing the dollar ⓘ
signedBy	President Franklin D. Roosevelt ⓘ surface form: Franklin D. Roosevelt
subjectOf	monetary policy debates in the United States ⓘ
yearEnacted	1934 ⓘ

How these facts were elicited