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<p>[QUOTE=&quot;Tom B, post: 1529254, member: 11854&quot;]The price of gold was changed by a combination of the Agricultural Adjustment Act of 1933 and the Gold Reserve Act of 1934 so that it could be no lower than $34.45 per troy ounce.&nbsp; Roosevelt was in favor of these acts, but they were passed by Congress and the authority to change the price of gold was given to Roosevelt by Congress.&nbsp; The Agricultural Adjustment Act of 1933 transfered the power to change the price of gold to the President (Roosevelt) while the Gold Reserve Act of 1934 mandated a minimum $34.45 per troy ounce price of gold.[/QUOTE]</p><p><br /></p>

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