{"id":4848,"canonical_url":"https://www.kudos365.com/today-in-history/events/1933ce-apr-20--4848","name":"1933 CE, April 20","year":1933,"era":"CE","month":4,"day":20,"url":"https://www.kudos365.com/today-in-history/events/1933ce-apr-20--4848","iso-date":"1933-04-20","precision":"year-month-day","description":"\u003cp\u003eU. S. President Franklin D. Roosevelt's issued a proclamation on April 20, 1933, formally suspending the gold standard and prohibiting the export of gold in order to combat the economic damage caused by the Great Depression. The proclamation also prohibited the Treasury and financial institutions from converting paper currency or deposits into gold coins and ingots.\u003cbr\u003e\u003c/p\u003e","additional_details":"\u003cp\u003eThis was followed on June 5, 1933 with Congress nullifying the \"gold clauses\" in private and public contracts that required debtors to repay creditors in gold. These actions effectively ended domestic gold convertibility.\u003cbr\u003eOn January 30,1934, the Gold Reserve Act was signed, additionally devaluing the Dollar by increasing the official price of gold from $20.67 to $35 per ounce. The final step, delinking the Dollar to gold was taken in 1971, when President Richard Nixon ended the U.S. dollar-gold convertibility. \u003cbr\u003ePresident Gerald Ford signed legislation in August 1974, repealing the 41-year ban on private ownership of gold coins, bullion, and certificates; allowing\u0026nbsp; Americans to own and trade gold again as of December 31, 1974.\u0026nbsp;\u003cbr\u003e\u003c/p\u003e","photo":"","created_at":"2026-04-20T11:53:53-07:00","updated_at":"2026-04-20T11:53:53-07:00","breadcrumbs":{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"April History","item":"https://www.kudos365.com/today-in-history/april"},{"@type":"ListItem","position":2,"name":"April 20","item":"https://www.kudos365.com/today-in-history/april-20"}]},"schema":{"@context":"https://schema.org","@type":"Thing","@id":"https://www.kudos365.com/today-in-history/events/1933ce-apr-20--4848#eventK365","name":"1933 CE, April 20","headline":"U - 1933 CE","description":"U. S. President Franklin D. Roosevelt's issued a proclamation on April 20, 1933, formally suspending the gold standard and prohibiting the export of gold in...","url":"https://www.kudos365.com/today-in-history/events/1933ce-apr-20--4848","additionalType":"HistoricalEvent","inLanguage":"en","datePublished":"2026-04-20T11:53:53-07:00","dateModified":"2026-04-20T11:53:53-07:00","publisher":{"@id":"https://www.kudos365.com/#organizationK365"},"temporalCoverage":"1933-04-20","isPartOf":[{"@id":"https://www.kudos365.com/#websiteK365"},{"@type":"CollectionPage","@id":"https://www.kudos365.com/today-in-history/april","name":"What Happened in April History"},{"@type":"CollectionPage","@id":"https://www.kudos365.com/today-in-history/april-20#pageK365","name":"What Happened on April 20"}]}}