answersLogoWhite

0

To combat inflation and deflation. Money was backed bt gold then which made hoarding of it by citizens a threat to the value of paper money and other commoditties

User Avatar

Wiki User

14y ago

Still curious? Ask our experts.

Chat with our AI personalities

MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine
BeauBeau
You're doing better than you think!
Chat with Beau
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan

Add your answer:

Earn +20 pts
Q: Why did roosevelt outlaw ownership of gold?
Write your answer...
Submit
Still have questions?
magnify glass
imp