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because he was an idiot.

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13y ago
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6mo ago

Franklin Delano Roosevelt collected gold in the 1930s as part of his efforts to stabilize the economy during the Great Depression. The goal was to prevent hoarding of gold and to increase the money supply. The gold was later used to back the dollar as part of the New Deal policies.

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Q: Why did Franklin Delano Roosevelt collect gold in the 1930s?
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